Washington Trust Bank acquired a new stake in ConocoPhillips (NYSE:COP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,790 shares of the energy producer’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Pearl River Capital LLC acquired a new stake in ConocoPhillips during the first quarter worth approximately $26,000. Bay Harbor Wealth Management LLC lifted its position in ConocoPhillips by 3,096.2% during the first quarter. Bay Harbor Wealth Management LLC now owns 831 shares of the energy producer’s stock worth $26,000 after acquiring an additional 805 shares during the last quarter. Lenox Wealth Advisors LLC lifted its position in ConocoPhillips by 2,105.6% during the second quarter. Lenox Wealth Advisors LLC now owns 794 shares of the energy producer’s stock worth $33,000 after acquiring an additional 758 shares during the last quarter. Capital Advisory Group Advisory Services LLC acquired a new stake in ConocoPhillips during the first quarter worth approximately $34,000. Finally, Capital Square LLC acquired a new stake in ConocoPhillips during the first quarter worth approximately $38,000. Institutional investors own 72.29% of the company’s stock.

Shares of ConocoPhillips stock traded down $0.25 during trading on Friday, hitting $37.39. The company’s stock had a trading volume of 7,721,107 shares, compared to its average volume of 6,250,089. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.69 and a quick ratio of 2.04. ConocoPhillips has a 52 week low of $20.84 and a 52 week high of $67.13. The stock has a market cap of $40.37 billion, a price-to-earnings ratio of 18.42 and a beta of 1.69. The stock has a 50-day moving average price of $41.34 and a two-hundred day moving average price of $44.25.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, July 30th. The energy producer reported ($0.92) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.58) by ($0.34). ConocoPhillips had a net margin of 8.49% and a return on equity of 3.72%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.19 billion. During the same period last year, the company posted $1.01 EPS. On average, equities analysts predict that ConocoPhillips will post -0.32 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, July 20th will be issued a $0.42 dividend. The ex-dividend date is Friday, July 17th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.49%. ConocoPhillips’s dividend payout ratio is presently 46.80%.

Several equities research analysts have issued reports on COP shares. Wells Fargo & Co raised their price objective on shares of ConocoPhillips from $45.00 to $48.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. SunTrust Banks assumed coverage on shares of ConocoPhillips in a research report on Thursday, July 23rd. They issued a “buy” rating and a $51.00 price target for the company. Credit Suisse Group lifted their price target on shares of ConocoPhillips from $37.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Bank of America downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating and lifted their price target for the company from $43.00 to $46.00 in a research report on Friday, May 1st. They noted that the move was a valuation call. Finally, Susquehanna Bancshares lifted their price target on shares of ConocoPhillips from $40.00 to $50.00 in a research report on Friday, May 1st. Five research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ConocoPhillips has a consensus rating of “Buy” and an average target price of $56.25.

In other news, Director David Thomas Seaton acquired 2,400 shares of ConocoPhillips stock in a transaction on Wednesday, May 13th. The stock was acquired at an average cost of $41.03 per share, with a total value of $98,472.00. Following the transaction, the director now owns 2,500 shares of the company’s stock, valued at approximately $102,575. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.70% of the company’s stock.

ConocoPhillips Company Profile

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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