Windsor Group LTD cut its stake in shares of ConocoPhillips (NYSE:COP) by 26.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,878 shares of the energy producer’s stock after selling 4,008 shares during the period. Windsor Group LTD’s holdings in ConocoPhillips were worth $577,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Nuveen Asset Management LLC grew its holdings in shares of ConocoPhillips by 12,704.0% in the second quarter. Nuveen Asset Management LLC now owns 6,385,725 shares of the energy producer’s stock valued at $389,529,000 after purchasing an additional 6,335,852 shares in the last quarter. BlackRock Inc. grew its holdings in ConocoPhillips by 4.0% during the 2nd quarter. BlackRock Inc. now owns 79,994,496 shares of the energy producer’s stock worth $4,879,663,000 after acquiring an additional 3,103,095 shares in the last quarter. Wells Fargo & Company MN grew its holdings in ConocoPhillips by 36.4% during the 2nd quarter. Wells Fargo & Company MN now owns 4,998,770 shares of the energy producer’s stock worth $304,924,000 after acquiring an additional 1,335,051 shares in the last quarter. Prudential Financial Inc. grew its holdings in ConocoPhillips by 82.7% during the 2nd quarter. Prudential Financial Inc. now owns 2,821,382 shares of the energy producer’s stock worth $172,104,000 after acquiring an additional 1,276,955 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in ConocoPhillips by 90.5% during the 2nd quarter. Amundi Pioneer Asset Management Inc. now owns 2,447,473 shares of the energy producer’s stock worth $149,297,000 after acquiring an additional 1,162,943 shares in the last quarter. Institutional investors and hedge funds own 71.42% of the company’s stock.

Several research analysts have commented on the stock. Morgan Stanley lowered their price target on shares of ConocoPhillips from $81.00 to $79.00 and set an “overweight” rating for the company in a report on Monday, October 14th. UBS Group upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $70.00 to $75.00 in a report on Monday, September 16th. Bank of America upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $75.00 price target for the company in a report on Wednesday, July 17th. Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $74.00 to $80.00 in a report on Wednesday, June 26th. Finally, ValuEngine upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $73.08.

COP stock opened at $56.10 on Tuesday. The company has a fifty day moving average price of $56.11 and a 200 day moving average price of $58.91. ConocoPhillips has a 12 month low of $50.13 and a 12 month high of $72.77. The company has a market cap of $59.89 billion, a price-to-earnings ratio of 12.39, a price-to-earnings-growth ratio of 1.60 and a beta of 1.05. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.76 and a quick ratio of 1.64.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Tuesday, July 30th. The energy producer reported $1.01 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.02). ConocoPhillips had a net margin of 18.33% and a return on equity of 15.96%. The business had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $9.42 billion. During the same quarter last year, the company earned $1.09 EPS. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. As a group, analysts anticipate that ConocoPhillips will post 3.56 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, October 17th will be given a $0.42 dividend. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.31. The ex-dividend date is Wednesday, October 16th. This represents a $1.68 annualized dividend and a yield of 2.99%. ConocoPhillips’s dividend payout ratio is 37.09%.

About ConocoPhillips

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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