Dalton Greiner Hartman Maher & Co. Lowers Stake in ConocoPhillips (NYSE:COP)

Dalton Greiner Hartman Maher & Co. lowered its stake in shares of ConocoPhillips (NYSE:COP) by 0.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 229,663 shares of the energy producer’s stock after selling 1,297 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in ConocoPhillips were worth $14,935,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COP. Haverford Trust Co. raised its position in ConocoPhillips by 0.4% in the 3rd quarter. Haverford Trust Co. now owns 44,783 shares of the energy producer’s stock worth $2,552,000 after purchasing an additional 175 shares during the period. AllSquare Wealth Management LLC increased its position in shares of ConocoPhillips by 32.7% in the third quarter. AllSquare Wealth Management LLC now owns 742 shares of the energy producer’s stock valued at $42,000 after acquiring an additional 183 shares during the period. Sandy Spring Bank increased its position in shares of ConocoPhillips by 0.3% in the third quarter. Sandy Spring Bank now owns 53,979 shares of the energy producer’s stock valued at $3,075,000 after acquiring an additional 185 shares during the period. Dividend Assets Capital LLC increased its position in shares of ConocoPhillips by 4.3% in the third quarter. Dividend Assets Capital LLC now owns 4,864 shares of the energy producer’s stock valued at $277,000 after acquiring an additional 200 shares during the period. Finally, Legacy Advisors LLC increased its position in shares of ConocoPhillips by 4.6% in the third quarter. Legacy Advisors LLC now owns 4,820 shares of the energy producer’s stock valued at $275,000 after acquiring an additional 210 shares during the period. Hedge funds and other institutional investors own 71.63% of the company’s stock.

Shares of COP traded down $0.24 during trading hours on Wednesday, reaching $64.90. 164,557 shares of the company traded hands, compared to its average volume of 5,317,268. The company’s fifty day moving average price is $63.37 and its two-hundred day moving average price is $58.48. The company has a market capitalization of $71.78 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 2.18 and a beta of 1.13. The company has a quick ratio of 2.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.42. ConocoPhillips has a 12 month low of $50.13 and a 12 month high of $71.01.

ConocoPhillips (NYSE:COP) last announced its earnings results on Tuesday, October 29th. The energy producer reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. ConocoPhillips had a net margin of 21.44% and a return on equity of 13.54%. The firm had revenue of $10.09 billion for the quarter, compared to analyst estimates of $7.06 billion. During the same quarter in the previous year, the firm posted $1.36 EPS. On average, analysts expect that ConocoPhillips will post 3.64 EPS for the current year.

In other ConocoPhillips news, President William L. Jr. Bullock sold 25,628 shares of ConocoPhillips stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $63.17, for a total value of $1,618,920.76. Following the completion of the transaction, the president now directly owns 32,926 shares of the company’s stock, valued at $2,079,935.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.66% of the stock is currently owned by insiders.

A number of equities analysts have issued reports on COP shares. Goldman Sachs Group set a $67.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Friday, October 11th. MKM Partners started coverage on shares of ConocoPhillips in a research report on Thursday, December 5th. They issued a “buy” rating and a $72.00 price objective on the stock. JPMorgan Chase & Co. boosted their price objective on shares of ConocoPhillips from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Atlantic Securities started coverage on shares of ConocoPhillips in a research report on Friday, December 13th. They issued an “overweight” rating and a $75.00 price objective on the stock. Finally, Morgan Stanley decreased their price objective on shares of ConocoPhillips from $81.00 to $79.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $74.00.

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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