Blue Fin Capital Inc. Has $611,000 Holdings in ConocoPhillips (COP)

Blue Fin Capital Inc. lowered its position in shares of ConocoPhillips (NYSE:COP) by 18.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,910 shares of the energy producer’s stock after selling 3,087 shares during the period. Blue Fin Capital Inc.’s holdings in ConocoPhillips were worth $611,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Financial Management Professionals Inc. boosted its position in ConocoPhillips by 0.3% during the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after buying an additional 6 shares during the period. First Command Bank lifted its position in shares of ConocoPhillips by 9.4% in the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after purchasing an additional 199 shares during the period. Westside Investment Management Inc. lifted its position in shares of ConocoPhillips by 468.4% in the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after purchasing an additional 2,000 shares during the period. Advantage Investment Management LLC lifted its position in shares of ConocoPhillips by 65.3% in the 1st quarter. Advantage Investment Management LLC now owns 2,425 shares of the energy producer’s stock worth $121,000 after purchasing an additional 958 shares during the period. Finally, Reilly Financial Advisors LLC lifted its position in shares of ConocoPhillips by 20.5% in the 2nd quarter. Reilly Financial Advisors LLC now owns 2,758 shares of the energy producer’s stock worth $121,000 after purchasing an additional 470 shares during the period. 68.90% of the stock is owned by institutional investors and hedge funds.

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Shares of ConocoPhillips (NYSE:COP) opened at 49.81 on Friday. ConocoPhillips has a 1-year low of $40.37 and a 1-year high of $53.17. The company’s market capitalization is $60.62 billion. The firm’s 50-day moving average is $47.04 and its 200-day moving average is $46.06.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.16. The business had revenue of $8.88 billion during the quarter, compared to analyst estimates of $6.74 billion. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. During the same period in the prior year, the firm posted ($0.79) earnings per share. Analysts forecast that ConocoPhillips will post $0.29 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Monday, October 16th will be given a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Friday, October 13th. ConocoPhillips’s payout ratio is -34.98%.

Several equities research analysts have recently commented on COP shares. Jefferies Group LLC set a $54.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Royal Bank Of Canada set a $54.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Thursday, August 24th. Zacks Investment Research cut shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. BidaskClub raised shares of ConocoPhillips from a “strong sell” rating to a “sell” rating in a research report on Monday, July 31st. Finally, Piper Jaffray Companies set a $45.00 target price on shares of ConocoPhillips and gave the stock a “buy” rating in a research report on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $54.15.

About ConocoPhillips

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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