ConocoPhillips (COP) Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd cut its position in shares of ConocoPhillips (NYSE:COP) by 0.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 278,445 shares of the energy producer’s stock after selling 1,141 shares during the quarter. Gulf International Bank UK Ltd’s holdings in ConocoPhillips were worth $18,583,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in COP. Bank of New York Mellon Corp increased its stake 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 worth $947,125,000 after acquiring an additional 12,214,426 shares during the last quarter. Norges Bank purchased a new stake in shares of ConocoPhillips in the fourth quarter worth about $738,471,000. Oregon Public Employees Retirement Fund boosted its position in shares of ConocoPhillips by 6,059.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,910,095 shares of the energy producer’s stock worth $127,000 after buying an additional 7,781,667 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of ConocoPhillips by 28.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,387,748 shares of the energy producer’s stock worth $710,012,000 after buying an additional 2,532,290 shares during the period. Finally, Morgan Stanley boosted its position in shares of ConocoPhillips by 30.0% in the third quarter. Morgan Stanley now owns 6,275,872 shares of the energy producer’s stock worth $485,752,000 after buying an additional 1,449,736 shares during the period. Institutional investors own 73.59% of the company’s stock.

COP opened at $65.90 on Monday. ConocoPhillips has a 12 month low of $56.75 and a 12 month high of $80.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.66 and a current ratio of 1.79. The company has a market capitalization of $74.76 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 1.67 and a beta of 1.11.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, January 31st. The energy producer reported $1.13 EPS for the quarter, beating the consensus estimate of $1.05 by $0.08. The firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.60 billion. ConocoPhillips had a return on equity of 16.91% and a net margin of 16.16%. During the same period last year, the firm earned $0.45 EPS. As a group, research analysts expect that ConocoPhillips will post 3.96 earnings per share for the current fiscal year.

COP has been the subject of several analyst reports. Zacks Investment Research downgraded ConocoPhillips from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. Bank of America downgraded ConocoPhillips from a “buy” rating to a “neutral” rating and set a $75.00 price target for the company. in a report on Friday, January 4th. Barclays reissued a “buy” rating and issued a $79.00 price target on shares of ConocoPhillips in a report on Friday, January 11th. Morgan Stanley set a $77.00 price target on ConocoPhillips and gave the company a “buy” rating in a report on Tuesday, January 29th. Finally, Goldman Sachs Group raised ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price target for the company from $76.00 to $82.00 in a report on Sunday, February 3rd. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock currently 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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