Harel Insurance Investments & Financial Services Ltd. Lowers Position in ConocoPhillips (COP)

Harel Insurance Investments & Financial Services Ltd. trimmed its position in ConocoPhillips (NYSE:COP) by 94.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 820 shares of the energy producer’s stock after selling 14,610 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in ConocoPhillips were worth $55,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. North Star Investment Management Corp. grew its position in shares of 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 buying an additional 215 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its position in shares of ConocoPhillips by 48.0% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 77,291 shares of the energy producer’s stock worth $4,819,000 after buying an additional 25,069 shares during the period. Legacy Bridge LLC acquired a new position in shares of ConocoPhillips during the 4th quarter worth about $534,000. Assenagon Asset Management S.A. acquired a new position in shares of ConocoPhillips during the 4th quarter worth about $25,236,000. Finally, Ironwood Financial llc grew its position in shares of ConocoPhillips by 294.1% during the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock worth $33,000 after buying an additional 400 shares during the period. Hedge funds and other institutional investors own 73.59% of the company’s stock.

NYSE:COP opened at $65.90 on Friday. ConocoPhillips has a fifty-two week low of $56.75 and a fifty-two week high of $80.24. The company has a current ratio of 1.79, a quick ratio of 1.66 and a debt-to-equity ratio of 0.46. The stock has a market cap of $74.76 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.67 and a beta of 1.11.



ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, January 31st. The energy producer reported $1.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the previous year, the business posted $0.45 EPS. As a group, equities analysts expect that ConocoPhillips will post 3.96 EPS for the current fiscal year.

COP has been the subject of several analyst reports. Zacks Investment Research lowered ConocoPhillips from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. Bank of America lowered ConocoPhillips from a “buy” rating to a “neutral” rating and set a $75.00 target price for the company. in a research report on Friday, January 4th. Barclays restated a “buy” rating and set a $79.00 target price on shares of ConocoPhillips in a research report on Friday, January 11th. Goldman Sachs Group upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $76.00 to $82.00 in a research report on Sunday, February 3rd. Finally, Piper Jaffray Companies upgraded ConocoPhillips from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $75.00 in a research report on Thursday, March 21st. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $79.00.

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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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