Kessler Investment Group LLC reduced its stake in ConocoPhillips (NYSE:COP) by 7.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,783 shares of the energy producer’s stock after selling 1,119 shares during the period. ConocoPhillips makes up approximately 1.1% of Kessler Investment Group LLC’s holdings, making the stock its 23rd largest holding. Kessler Investment Group LLC’s holdings in ConocoPhillips were worth $859,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Arlington Partners LLC grew its stake in shares of ConocoPhillips by 28.6% in the 4th quarter. Arlington Partners LLC now owns 900 shares of the energy producer’s stock valued at $56,000 after purchasing an additional 200 shares during the period. Rehmann Capital Advisory Group grew its position in ConocoPhillips by 3.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 6,842 shares of the energy producer’s stock worth $530,000 after acquiring an additional 212 shares during the last quarter. North Star Investment Management Corp. grew its position in ConocoPhillips by 0.4% during the 4th quarter. North Star Investment Management Corp. now owns 52,431 shares of the energy producer’s stock worth $3,269,000 after acquiring an additional 215 shares during the last quarter. Moody National Bank Trust Division grew its position in ConocoPhillips by 536.6% during the 4th quarter. Moody National Bank Trust Division now owns 853 shares of the energy producer’s stock worth $53,000 after acquiring an additional 719 shares during the last quarter. Finally, BKD Wealth Advisors LLC grew its position in ConocoPhillips by 1.0% during the 3rd quarter. BKD Wealth Advisors LLC now owns 69,862 shares of the energy producer’s stock worth $5,407,000 after acquiring an additional 725 shares during the last quarter. Institutional investors own 71.75% of the company’s stock.

COP has been the topic of a number of research analyst reports. Citigroup increased their price target on ConocoPhillips from $80.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, October 5th. Tudor Pickering upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Friday, December 14th. Morgan Stanley set a $88.00 price target on ConocoPhillips and gave the stock a “buy” rating in a research report on Friday, October 12th. Bank of America upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and set a $85.00 price target on the stock in a research report on Monday, October 29th. Finally, Wolfe Research upgraded ConocoPhillips from a “market perform” rating to an “outperform” rating in a research report on Monday, December 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the stock. ConocoPhillips has a consensus rating of “Buy” and an average price target of $76.12.

COP traded down $1.71 during mid-day trading on Friday, reaching $66.23. The stock had a trading volume of 348,184 shares, compared to its average volume of 6,180,144. The firm has a market capitalization of $76.50 billion, a price-to-earnings ratio of 109.78, a PEG ratio of 1.86 and a beta of 1.14. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.82 and a current ratio of 1.99. ConocoPhillips has a 52 week low of $50.18 and a 52 week high of $80.24.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 25th. The energy producer reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.19. The firm had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.48 billion. ConocoPhillips had a return on equity of 14.62% and a net margin of 16.08%. As a group, research analysts forecast that ConocoPhillips will post 4.47 EPS for the current year.

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ConocoPhillips Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; 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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