ConocoPhillips (COP) Position Boosted by North Star Asset Management Inc.

North Star Asset Management Inc. lifted its position in shares of ConocoPhillips (NYSE:COP) by 6.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 7,530 shares of the energy producer’s stock after buying an additional 440 shares during the period. North Star Asset Management Inc.’s holdings in ConocoPhillips were worth $376,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Moloney Securities Asset Management LLC lifted its stake in shares of ConocoPhillips by 0.7% during the first quarter. Moloney Securities Asset Management LLC now owns 9,401 shares of the energy producer’s stock valued at $469,000 after buying an additional 69 shares during the period. Barber Financial Group Inc. lifted its stake in shares of ConocoPhillips by 1.0% during the first quarter. Barber Financial Group Inc. now owns 7,213 shares of the energy producer’s stock valued at $360,000 after buying an additional 74 shares during the period. AT Bancorp lifted its stake in shares of ConocoPhillips by 0.7% during the first quarter. AT Bancorp now owns 11,091 shares of the energy producer’s stock valued at $553,000 after buying an additional 80 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in shares of ConocoPhillips by 0.8% during the first quarter. Kovitz Investment Group Partners LLC now owns 9,839 shares of the energy producer’s stock valued at $491,000 after buying an additional 80 shares during the period. Finally, Advisor Partners LLC lifted its stake in shares of ConocoPhillips by 0.5% during the first quarter. Advisor Partners LLC now owns 16,867 shares of the energy producer’s stock valued at $841,000 after buying an additional 82 shares during the period. 68.99% of the stock is currently owned by institutional investors and hedge funds.

COP has been the topic of several recent analyst reports. Jefferies Group LLC set a $54.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Tuesday, August 29th. Royal Bank Of Canada set a $54.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Thursday, August 24th. Zacks Investment Research downgraded shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. BidaskClub raised shares of ConocoPhillips from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Finally, Piper Jaffray Companies set a $45.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Friday, August 25th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. ConocoPhillips currently has a consensus rating of “Buy” and an average price target of $54.19.

ConocoPhillips (COP) traded up 1.11% on Wednesday, reaching $45.43. 2,573,402 shares of the company’s stock were exchanged. ConocoPhillips has a 12 month low of $39.00 and a 12 month high of $53.17. The firm has a 50 day moving average of $44.29 and a 200 day moving average of $45.67. The stock’s market capitalization is $55.29 billion.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.16. ConocoPhillips had a negative net margin of 12.29% and a negative return on equity of 2.86%. The business had revenue of $8.88 billion for the quarter, compared to analyst estimates of $6.74 billion. During the same quarter in the previous year, the firm posted ($0.79) earnings per share. Equities analysts predict that ConocoPhillips will post $0.26 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were given a dividend of $0.265 per share. This represents a $1.06 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend was Thursday, July 20th. ConocoPhillips’s dividend payout ratio (DPR) is currently -34.98%.

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ConocoPhillips Company Profile

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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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