Tiaa Fsb Decreases Stake in ConocoPhillips (COP)

Tiaa Fsb reduced its holdings in ConocoPhillips (NYSE:COP) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,078 shares of the energy producer’s stock after selling 6,699 shares during the period. Tiaa Fsb’s holdings in ConocoPhillips were worth $3,657,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of COP. Financial Management Professionals Inc. raised its stake in ConocoPhillips by 0.3% during the second quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after purchasing an additional 6 shares during the period. Cornerstone Advisors Inc. increased its position in shares of ConocoPhillips by 1.0% during the second quarter. Cornerstone Advisors Inc. now owns 3,755 shares of the energy producer’s stock valued at $165,000 after acquiring an additional 37 shares during the last quarter. WFG Advisors LP increased its position in shares of ConocoPhillips by 0.4% during the second quarter. WFG Advisors LP now owns 9,611 shares of the energy producer’s stock valued at $423,000 after acquiring an additional 39 shares during the last quarter. Genesee Valley Trust Co. increased its position in shares of ConocoPhillips by 0.6% during the second quarter. Genesee Valley Trust Co. now owns 7,095 shares of the energy producer’s stock valued at $312,000 after acquiring an additional 45 shares during the last quarter. Finally, Girard Partners LTD. increased its position in shares of ConocoPhillips by 0.6% during the second quarter. Girard Partners LTD. now owns 8,434 shares of the energy producer’s stock valued at $371,000 after acquiring an additional 49 shares during the last quarter. 69.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ConocoPhillips (NYSE COP) opened at $51.96 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. The company has a market cap of $61,796.22, a price-to-earnings ratio of 2,584.50, a P/E/G ratio of 12.70 and a beta of 1.26. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $54.22.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.08. The company had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. ConocoPhillips had a negative net margin of 7.32% and a positive return on equity of 0.12%. During the same period in the previous year, the company posted ($0.66) EPS. equities analysts forecast that ConocoPhillips will post 0.54 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Monday, October 16th were paid a $0.265 dividend. The ex-dividend date of this dividend was Friday, October 13th. This represents a $1.06 annualized dividend and a yield of 2.04%. ConocoPhillips’s dividend payout ratio is currently -57.30%.

A number of equities research analysts have weighed in on the stock. Royal Bank of Canada lifted their price target on shares of ConocoPhillips from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Piper Jaffray Companies restated a “buy” rating and issued a $53.00 price objective on shares of ConocoPhillips in a report on Friday, November 3rd. Credit Suisse Group began coverage on shares of ConocoPhillips in a report on Monday. They issued a “neutral” rating and a $50.00 price objective for the company. Wells Fargo & Company lifted their price objective on shares of ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Finally, Barclays lifted their price objective on shares of ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $55.00.

In other news, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were bought at an average cost of $52.06 per share, with a total value of $104,120.00. Following the purchase, the director now owns 3,429 shares of the company’s stock, valued at approximately $178,513.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.82% of the company’s stock.

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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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