Tirschwell & Loewy Inc. trimmed its holdings in ConocoPhillips (NYSE:COP) by 23.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,150 shares of the energy producer’s stock after selling 5,360 shares during the quarter. Tirschwell & Loewy Inc.’s holdings in ConocoPhillips were worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Prudential Financial Inc. increased its holdings in ConocoPhillips by 1.9% during the 1st quarter. Prudential Financial Inc. now owns 5,143,375 shares of the energy producer’s stock worth $256,500,000 after purchasing an additional 93,430 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. increased its holdings in ConocoPhillips by 19.5% during the 1st quarter. Los Angeles Capital Management & Equity Research Inc. now owns 1,428,758 shares of the energy producer’s stock worth $71,252,000 after purchasing an additional 232,700 shares in the last quarter. Stifel Financial Corp increased its holdings in ConocoPhillips by 1.8% during the 1st quarter. Stifel Financial Corp now owns 721,784 shares of the energy producer’s stock worth $35,857,000 after purchasing an additional 12,423 shares in the last quarter. Berkeley Capital Partners LLC increased its holdings in ConocoPhillips by 1.8% during the 1st quarter. Berkeley Capital Partners LLC now owns 7,293 shares of the energy producer’s stock worth $364,000 after purchasing an additional 132 shares in the last quarter. Finally, Clinton Group Inc. bought a new stake in ConocoPhillips during the 1st quarter worth approximately $2,359,000. 69.87% of the stock is currently owned by institutional investors.
ConocoPhillips (COP) opened at $51.96 on Wednesday. ConocoPhillips has a 12 month low of $42.26 and a 12 month high of $54.22. The stock has a market capitalization of $61,796.22, a PE ratio of 2,584.50, a PEG ratio of 12.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38.
The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, October 16th were issued a dividend of $0.265 per share. The ex-dividend date was Friday, October 13th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.04%. ConocoPhillips’s dividend payout ratio is currently -57.30%.
In other news, Director Charles E. Bunch bought 2,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $52.06 per share, for a total transaction of $104,120.00. Following the completion of the acquisition, the director now owns 3,429 shares in the company, valued at approximately $178,513.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.82% of the company’s stock.
COP has been the subject of a number of recent research reports. Jefferies Group set a $54.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a report on Tuesday, August 29th. Barclays upped their target price on ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Royal Bank of Canada set a $54.00 target price on ConocoPhillips and gave the company a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research lowered ConocoPhillips from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $52.00 target price on shares of ConocoPhillips in a report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. ConocoPhillips currently has a consensus rating of “Buy” and an average price target of $55.00.
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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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