ETRADE Capital Management LLC Increases Position in ConocoPhillips (NYSE:COP)

ETRADE Capital Management LLC raised its holdings in ConocoPhillips (NYSE:COP) by 6.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 52,640 shares of the energy producer’s stock after acquiring an additional 3,264 shares during the quarter. ETRADE Capital Management LLC’s holdings in ConocoPhillips were worth $2,635,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. lifted its stake in ConocoPhillips by 7.8% during the second quarter. BlackRock Inc. now owns 85,821,694 shares of the energy producer’s stock valued at $3,772,723,000 after buying an additional 6,197,896 shares in the last quarter. AJO LP increased its holdings in shares of ConocoPhillips by 3,000.7% in the 2nd quarter. AJO LP now owns 2,988,018 shares of the energy producer’s stock valued at $131,353,000 after purchasing an additional 2,891,652 shares during the period. Franklin Resources Inc. increased its holdings in shares of ConocoPhillips by 21.6% in the 2nd quarter. Franklin Resources Inc. now owns 12,025,415 shares of the energy producer’s stock valued at $528,635,000 after purchasing an additional 2,134,292 shares during the period. Brandywine Global Investment Management LLC increased its holdings in shares of ConocoPhillips by 183.5% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 3,138,796 shares of the energy producer’s stock valued at $137,982,000 after purchasing an additional 2,031,830 shares during the period. Finally, Eaton Vance Management increased its holdings in shares of ConocoPhillips by 49.2% in the 2nd quarter. Eaton Vance Management now owns 5,395,400 shares of the energy producer’s stock valued at $237,182,000 after purchasing an additional 1,780,223 shares during the period. 69.54% of the stock is owned by institutional investors.

ConocoPhillips (NYSE:COP) traded up $0.91 on Friday, hitting $60.39. The stock had a trading volume of 5,148,504 shares, compared to its average volume of 5,390,000. ConocoPhillips has a 12 month low of $42.26 and a 12 month high of $61.31. The company has a quick ratio of 2.23, a current ratio of 2.38 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $72,200.00, a PE ratio of -30.35, a price-to-earnings-growth ratio of 2.40 and a beta of 1.26.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, October 26th. The energy producer reported $0.16 EPS for the quarter, topping the consensus estimate of $0.08 by $0.08. The firm had revenue of $7.20 billion during the quarter, compared to analysts’ expectations of $6.55 billion. ConocoPhillips had a positive return on equity of 0.12% and a negative net margin of 7.32%. During the same period last year, the business earned ($0.66) earnings per share. equities research analysts anticipate that ConocoPhillips will post 0.57 EPS for the current fiscal year.

In other news, Director Charles E. Bunch bought 2,000 shares of ConocoPhillips stock in a transaction that occurred on Monday, December 11th. The stock was purchased at an average cost of $52.06 per share, with a total value of $104,120.00. Following the completion of the transaction, the director now directly owns 3,429 shares in the company, valued at $178,513.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.82% of the stock is owned by company insiders.

A number of equities analysts recently commented on COP shares. Royal Bank of Canada increased their price objective on ConocoPhillips from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Morgan Stanley increased their price objective on ConocoPhillips from $48.00 to $65.00 and gave the stock an “equal weight” rating in a report on Wednesday. Cowen set a $70.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a report on Thursday, January 18th. Credit Suisse Group assumed coverage on ConocoPhillips in a report on Monday, December 11th. They set a “neutral” rating and a $50.00 price target on the stock. Finally, Howard Weil downgraded ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 price target on the stock. in a report on Friday, December 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $57.94.

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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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