Thrivent Financial for Lutherans lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 54,581 shares of the energy producer’s stock after purchasing an additional 902 shares during the period. Thrivent Financial for Lutherans’ holdings in ConocoPhillips were worth $3,455,000 at the end of the most recent reporting period.
Several other hedge funds have also made changes to their positions in the company. Smart Portfolios LLC boosted its stake in shares of ConocoPhillips by 69.5% during the 4th quarter. Smart Portfolios LLC now owns 478 shares of the energy producer’s stock worth $30,000 after acquiring an additional 196 shares during the period. Athena Capital Advisors LLC acquired a new stake in ConocoPhillips during the 4th quarter worth approximately $32,000. Ironwood Financial llc lifted its holdings in ConocoPhillips by 294.1% during the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock worth $33,000 after purchasing an additional 400 shares during the last quarter. Contravisory Investment Management Inc. acquired a new stake in ConocoPhillips during the 4th quarter worth approximately $47,000. Finally, Sontag Advisory LLC acquired a new stake in ConocoPhillips during the 4th quarter worth approximately $52,000. Institutional investors own 73.59% of the company’s stock.
Several brokerages have weighed in on COP. Morgan Stanley lifted their price objective on ConocoPhillips from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Goldman Sachs Group raised ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $76.00 to $82.00 in a report on Sunday, February 3rd. Piper Jaffray Companies raised ConocoPhillips from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $68.00 to $75.00 in a report on Thursday, March 21st. Barclays restated a “buy” rating and set a $79.00 price objective on shares of ConocoPhillips in a research report on Friday, January 11th. Finally, Zacks Investment Research upgraded ConocoPhillips from a “strong sell” rating to a “hold” rating in a research report on Monday, February 11th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. ConocoPhillips presently has a consensus rating of “Buy” and a consensus price target of $79.00.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, January 31st. The energy producer reported $1.13 EPS for the quarter, topping the consensus estimate of $1.05 by $0.08. The firm had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.60 billion. ConocoPhillips had a return on equity of 16.91% and a net margin of 16.16%. During the same period in the prior year, the business posted $0.45 earnings per share. Equities analysts predict that ConocoPhillips will post 3.96 earnings per share for the current year.
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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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