ConocoPhillips (COP) Stake Lifted by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in shares of ConocoPhillips (NYSE:COP) by 12.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,149 shares of the energy producer’s stock after buying an additional 8,674 shares during the period. IFM Investors Pty Ltd’s holdings in ConocoPhillips were worth $5,082,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in COP. Pineno Levin & Ford Asset Management Inc. raised its stake in ConocoPhillips by 0.4% in the 4th quarter. Pineno Levin & Ford Asset Management Inc. now owns 37,800 shares of the energy producer’s stock valued at $2,357,000 after purchasing an additional 150 shares during the last quarter. First Commonwealth Financial Corp PA raised its stake in ConocoPhillips by 2.8% in the 4th quarter. First Commonwealth Financial Corp PA now owns 5,454 shares of the energy producer’s stock valued at $340,000 after purchasing an additional 150 shares during the last quarter. Fishman Jay A Ltd. MI raised its stake in ConocoPhillips by 0.4% in the 4th quarter. Fishman Jay A Ltd. MI now owns 38,267 shares of the energy producer’s stock valued at $2,386,000 after purchasing an additional 152 shares during the last quarter. Arete Wealth Advisors LLC raised its stake in ConocoPhillips by 1.5% in the 4th quarter. Arete Wealth Advisors LLC now owns 10,832 shares of the energy producer’s stock valued at $675,000 after purchasing an additional 158 shares during the last quarter. Finally, Guyasuta Investment Advisors Inc. raised its stake in ConocoPhillips by 1.2% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 14,283 shares of the energy producer’s stock valued at $891,000 after purchasing an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 73.59% of the company’s stock.

COP has been the subject of several recent research reports. Barclays reissued a “buy” rating and issued a $79.00 price objective on shares of ConocoPhillips in a research note on Friday, January 11th. Bank of America downgraded ConocoPhillips from a “buy” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research note on Friday, January 4th. Goldman Sachs Group raised ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price objective for the company from $76.00 to $82.00 in a research note on Sunday, February 3rd. Zacks Investment Research raised ConocoPhillips from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, Morgan Stanley set a $77.00 price objective on ConocoPhillips and gave the company a “buy” rating in a research note on Tuesday, January 29th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. ConocoPhillips presently has a consensus rating of “Buy” and an average price target of $79.00.



Shares of COP opened at $65.90 on Friday. ConocoPhillips has a 52-week low of $56.75 and a 52-week high of $80.24. The firm has a market capitalization of $74.76 billion, a price-to-earnings ratio of 14.55, a P/E/G ratio of 1.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.79 and a quick ratio of 1.66.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, January 31st. The energy producer reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. ConocoPhillips had a return on equity of 16.91% and a net margin of 16.16%. The business had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the company earned $0.45 EPS. On average, sell-side analysts forecast that ConocoPhillips will post 3.96 EPS for the current fiscal 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. 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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