Trillium Asset Management LLC Has $414,000 Position in ConocoPhillips (NYSE:COP)

Trillium Asset Management LLC raised its stake in shares of ConocoPhillips (NYSE:COP) by 75.3% in the third quarter, HoldingsChannel reports. The institutional investor owned 7,264 shares of the energy producer’s stock after purchasing an additional 3,121 shares during the period. Trillium Asset Management LLC’s holdings in ConocoPhillips were worth $414,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Close Asset Management Ltd boosted its stake in shares of ConocoPhillips by 12.2% during the 3rd quarter. Close Asset Management Ltd now owns 4,689 shares of the energy producer’s stock valued at $267,000 after buying an additional 509 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of ConocoPhillips during the 3rd quarter valued at $1,128,000. Altavista Wealth Management Inc. boosted its stake in shares of ConocoPhillips by 7.5% during the 3rd quarter. Altavista Wealth Management Inc. now owns 20,129 shares of the energy producer’s stock valued at $1,147,000 after buying an additional 1,407 shares during the period. D.A. Davidson & CO. lifted its stake in shares of ConocoPhillips by 2.7% in the 3rd quarter. D.A. Davidson & CO. now owns 113,343 shares of the energy producer’s stock valued at $6,458,000 after purchasing an additional 3,030 shares during the last quarter. Finally, Means Investment CO. Inc. lifted its stake in shares of ConocoPhillips by 7.1% in the 3rd quarter. Means Investment CO. Inc. now owns 23,256 shares of the energy producer’s stock valued at $1,349,000 after purchasing an additional 1,540 shares during the last quarter. 72.32% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the stock. Deutsche Bank reaffirmed a “buy” rating and issued a $68.00 price objective on shares of ConocoPhillips in a research note on Tuesday, November 5th. Wells Fargo & Co reaffirmed a “buy” rating on shares of ConocoPhillips in a research note on Tuesday, October 15th. Morgan Stanley reduced their price objective on shares of ConocoPhillips from $81.00 to $79.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. Barclays assumed coverage on shares of ConocoPhillips in a research note on Monday, August 19th. They issued an “overweight” rating and a $79.00 price objective for the company. Finally, HSBC reaffirmed a “neutral” rating and issued a $59.00 price objective on shares of ConocoPhillips in a research note on Tuesday, November 5th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $69.27.

COP traded up $0.97 during trading on Friday, hitting $58.22. The stock had a trading volume of 199,722 shares, compared to its average volume of 5,962,397. The firm has a market cap of $63.89 billion, a PE ratio of 12.84, a P/E/G ratio of 1.69 and a beta of 1.05. ConocoPhillips has a 12 month low of $50.13 and a 12 month high of $71.01. The company has a current ratio of 2.56, a quick ratio of 2.40 and a debt-to-equity ratio of 0.42. The company has a 50 day simple moving average of $56.32 and a 200-day simple moving average of $57.89.

ConocoPhillips (NYSE:COP) last announced its earnings results on Tuesday, October 29th. The energy producer reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. The firm had revenue of $10.09 billion for the quarter, compared to the consensus estimate of $7.06 billion. ConocoPhillips had a net margin of 21.44% and a return on equity of 13.54%. During the same quarter last year, the firm posted $1.36 EPS. As a group, sell-side analysts anticipate that ConocoPhillips will post 3.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Thursday, October 17th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, October 16th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.31. ConocoPhillips’s dividend payout ratio (DPR) is 37.09%.

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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