HAP Trading LLC decreased its position in shares of ConocoPhillips (NYSE:COP) by 75.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 10,411 shares of the energy producer’s stock after selling 31,826 shares during the quarter. HAP Trading LLC’s holdings in ConocoPhillips were worth $695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of COP. First Commonwealth Financial Corp PA grew its holdings in shares of ConocoPhillips by 2.8% during the 4th quarter. First Commonwealth Financial Corp PA now owns 5,454 shares of the energy producer’s stock worth $340,000 after purchasing an additional 150 shares in the last quarter. Fishman Jay A Ltd. MI grew its holdings in shares of ConocoPhillips by 0.4% during the 4th quarter. Fishman Jay A Ltd. MI now owns 38,267 shares of the energy producer’s stock worth $2,386,000 after purchasing an additional 152 shares in the last quarter. Arete Wealth Advisors LLC grew its holdings in shares of ConocoPhillips by 1.5% during the 4th quarter. Arete Wealth Advisors LLC now owns 10,832 shares of the energy producer’s stock worth $675,000 after purchasing an additional 158 shares in the last quarter. Farmers & Merchants Investments Inc. grew its holdings in shares of ConocoPhillips by 0.5% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 34,226 shares of the energy producer’s stock worth $2,284,000 after purchasing an additional 160 shares in the last quarter. Finally, Kanawha Capital Management LLC grew its holdings in shares of ConocoPhillips by 0.9% during the 1st quarter. Kanawha Capital Management LLC now owns 18,026 shares of the energy producer’s stock worth $1,203,000 after purchasing an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 72.16% of the company’s stock.

Several analysts have recently issued reports on COP shares. Piper Jaffray Companies reissued a “hold” rating on shares of ConocoPhillips in a report on Tuesday, February 12th. Morgan Stanley increased their target price on ConocoPhillips from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Zacks Investment Research raised ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 price objective on the stock in a research note on Wednesday, March 13th. Credit Suisse Group raised ConocoPhillips from a “neutral” rating to an “outperform” rating and set a $75.00 price objective on the stock in a research note on Tuesday, April 30th. Finally, ValuEngine lowered ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. ConocoPhillips has a consensus rating of “Buy” and a consensus target price of $78.36.

NYSE:COP traded down $0.45 during trading hours on Wednesday, hitting $58.28. The company’s stock had a trading volume of 146,436 shares, compared to its average volume of 6,766,692. The firm has a market capitalization of $66.64 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03. The company has a quick ratio of 1.72, a current ratio of 1.86 and a debt-to-equity ratio of 0.45. ConocoPhillips has a twelve month low of $56.75 and a twelve month high of $80.24.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Tuesday, April 30th. The energy producer reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.08. ConocoPhillips had a return on equity of 16.65% and a net margin of 18.08%. The business had revenue of $10.06 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same period last year, the firm posted $0.96 earnings per share. On average, analysts anticipate that ConocoPhillips will post 4.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Monday, May 13th were paid a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Friday, May 10th. ConocoPhillips’s payout ratio is 26.93%.

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ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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