Heritage Investors Management Corp lifted its stake in shares of ConocoPhillips (NYSE:COP) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,042 shares of the energy producer’s stock after acquiring an additional 3,927 shares during the quarter. Heritage Investors Management Corp’s holdings in ConocoPhillips were worth $10,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Financial Management Professionals Inc. raised its position in shares of ConocoPhillips by 0.3% during the second quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after acquiring an additional 6 shares during the last quarter. First Command Bank raised its position in shares of ConocoPhillips by 9.4% during the second quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock worth $101,000 after acquiring an additional 199 shares during the last quarter. Krilogy Financial LLC raised its position in shares of ConocoPhillips by 48.6% during the second quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock worth $105,000 after acquiring an additional 782 shares during the last quarter. Westside Investment Management Inc. raised its position in shares of ConocoPhillips by 468.4% during the first quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock worth $119,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Massey Quick & Co. LLC bought a new position in shares of ConocoPhillips during the first quarter worth about $123,000. Institutional investors own 69.87% of the company’s stock.
Shares of ConocoPhillips (NYSE:COP) opened at $52.17 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64. ConocoPhillips has a one year low of $42.26 and a one year high of $54.22. The company has a market capitalization of $62,370.07, a P/E ratio of 2,608.50, a price-to-earnings-growth ratio of 12.58 and a beta of 1.26.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 16th were paid a $0.265 dividend. The ex-dividend date was Friday, October 13th. This represents a $1.06 dividend on an annualized basis and a yield of 2.03%. ConocoPhillips’s dividend payout ratio (DPR) is presently -57.30%.
In other news, Director Charles E. Bunch acquired 2,000 shares of ConocoPhillips stock in a transaction on Monday, December 11th. The stock was purchased at an average price of $52.06 per share, with a total value of $104,120.00. Following the completion of the purchase, the director now owns 3,429 shares of the company’s stock, valued at approximately $178,513.74. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.82% of the company’s stock.
COP has been the subject of several recent analyst reports. Royal Bank of Canada set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research note on Thursday, August 24th. Piper Jaffray Companies set a $45.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research note on Friday, August 25th. Jefferies Group set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Scotiabank reaffirmed a “buy” rating and set a $52.00 target price on shares of ConocoPhillips in a research note on Friday, September 8th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of ConocoPhillips in a research note on Saturday, September 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $55.19.
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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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