Aull & Monroe Investment Management Corp Cuts Stake in ConocoPhillips (COP)

Aull & Monroe Investment Management Corp lowered its position in shares of ConocoPhillips (NYSE:COP) by 5.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,416 shares of the energy producer’s stock after selling 1,550 shares during the period. Aull & Monroe Investment Management Corp’s holdings in ConocoPhillips were worth $1,896,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its position in ConocoPhillips by 54,716.8% during the third quarter. Bank of New York Mellon Corp now owns 12,236,749 shares of the energy producer’s stock valued at $947,125,000 after purchasing an additional 12,214,426 shares in the last quarter. Norges Bank bought a new stake in ConocoPhillips during the fourth quarter valued at about $738,471,000. Oregon Public Employees Retirement Fund boosted its position in ConocoPhillips by 6,059.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,910,095 shares of the energy producer’s stock valued at $127,000 after purchasing an additional 7,781,667 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in ConocoPhillips by 28.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,387,748 shares of the energy producer’s stock valued at $710,012,000 after purchasing an additional 2,532,290 shares in the last quarter. Finally, Morgan Stanley boosted its position in ConocoPhillips by 30.0% during the third quarter. Morgan Stanley now owns 6,275,872 shares of the energy producer’s stock valued at $485,752,000 after purchasing an additional 1,449,736 shares in the last quarter. Hedge funds and other institutional investors own 73.59% of the company’s stock.

Shares of NYSE COP opened at $65.90 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.79 and a quick ratio of 1.66. The stock has a market capitalization of $74.76 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 1.67 and a beta of 1.11. ConocoPhillips has a fifty-two week low of $56.75 and a fifty-two week high of $80.24.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, January 31st. The energy producer reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.08. The business 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 quarter last year, the company earned $0.45 earnings per share. On average, equities analysts anticipate that ConocoPhillips will post 3.96 earnings per share for the current year.

COP has been the topic of a number of recent research reports. Piper Jaffray Companies raised ConocoPhillips from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $68.00 to $75.00 in a research report on Thursday, March 21st. Zacks Investment Research downgraded ConocoPhillips from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. Morgan Stanley raised their price objective on ConocoPhillips from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Barclays reaffirmed a “buy” rating and set a $79.00 price objective on shares of ConocoPhillips in a research report on Friday, January 11th. Finally, Goldman Sachs Group raised ConocoPhillips from a “neutral” rating to a “buy” rating and raised their price objective for the company from $76.00 to $82.00 in a research report on Sunday, February 3rd. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $79.00.

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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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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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