ConocoPhillips (NYSE:COP) Shares Sold by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. trimmed its holdings in ConocoPhillips (NYSE:COP) by 9.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,100 shares of the energy producer’s stock after selling 650 shares during the quarter. Beech Hill Advisors Inc.’s holdings in ConocoPhillips were worth $397,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of COP. Nuveen Asset Management LLC raised its position in shares of ConocoPhillips by 12,704.0% in the second quarter. Nuveen Asset Management LLC now owns 6,385,725 shares of the energy producer’s stock valued at $389,529,000 after buying an additional 6,335,852 shares during the last quarter. BlackRock Inc. grew its holdings in shares of ConocoPhillips by 4.0% in the second quarter. BlackRock Inc. now owns 79,994,496 shares of the energy producer’s stock valued at $4,879,663,000 after purchasing an additional 3,103,095 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of ConocoPhillips in the third quarter valued at about $82,616,000. Boston Partners grew its holdings in shares of ConocoPhillips by 19.9% in the third quarter. Boston Partners now owns 8,235,338 shares of the energy producer’s stock valued at $469,263,000 after purchasing an additional 1,364,667 shares during the period. Finally, Amundi Pioneer Asset Management Inc. grew its holdings in shares of ConocoPhillips by 90.5% in the second quarter. Amundi Pioneer Asset Management Inc. now owns 2,447,473 shares of the energy producer’s stock valued at $149,297,000 after purchasing an additional 1,162,943 shares during the period. Institutional investors and hedge funds own 71.63% of the company’s stock.

COP stock traded down $0.05 during mid-day trading on Friday, hitting $65.02. 33,514 shares of the company were exchanged, compared to its average volume of 5,729,198. The company has a quick ratio of 2.40, a current ratio of 2.56 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $71.48 billion, a P/E ratio of 14.35, a PEG ratio of 2.14 and a beta of 1.13. The business has a fifty day simple moving average of $63.56 and a 200-day simple moving average of $58.52. 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, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. ConocoPhillips had a net margin of 21.44% and a return on equity of 13.54%. The company had revenue of $10.09 billion during the quarter, compared to analyst estimates of $7.06 billion. During the same quarter last year, the firm posted $1.36 earnings per share. Research analysts predict that ConocoPhillips will post 3.64 EPS for the current year.

In other news, President William L. Jr. Bullock sold 25,628 shares of the firm’s stock in a transaction that occurred on 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 owns 32,926 shares of the company’s stock, valued at $2,079,935.42. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.66% of the company’s stock.

A number of brokerages recently issued reports on COP. ValuEngine raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. MKM Partners began coverage on shares of ConocoPhillips in a report on Thursday, December 5th. They issued a “buy” rating and a $72.00 price objective for the company. Atlantic Securities began coverage on shares of ConocoPhillips in a report on Friday, December 13th. They issued an “overweight” rating and a $75.00 price objective for the company. Piper Jaffray Companies began coverage on shares of ConocoPhillips in a report on Tuesday, November 26th. They issued a “buy” rating and a $74.00 price objective for the company. Finally, Wells Fargo & Co reissued a “buy” rating on shares of ConocoPhillips in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $74.00.

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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