Royal Bank of Scotland Group PLC Has $23.06 Million Stock Position in ConocoPhillips (NYSE:COP)

Royal Bank of Scotland Group PLC increased its stake in shares of ConocoPhillips (NYSE:COP) by 1.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 377,980 shares of the energy producer’s stock after buying an additional 4,700 shares during the period. ConocoPhillips accounts for approximately 4.2% of Royal Bank of Scotland Group PLC’s holdings, making the stock its 11th biggest holding. Royal Bank of Scotland Group PLC’s holdings in ConocoPhillips were worth $23,056,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. HCR Wealth Advisors increased its stake in shares of ConocoPhillips by 46.0% in the 2nd quarter. HCR Wealth Advisors now owns 29,483 shares of the energy producer’s stock valued at $1,798,000 after acquiring an additional 9,290 shares during the last quarter. Brookstone Capital Management increased its stake in shares of ConocoPhillips by 6.4% in the 2nd quarter. Brookstone Capital Management now owns 3,926 shares of the energy producer’s stock valued at $240,000 after acquiring an additional 235 shares during the last quarter. Hemenway Trust Co LLC increased its stake in shares of ConocoPhillips by 13.9% in the 2nd quarter. Hemenway Trust Co LLC now owns 3,748 shares of the energy producer’s stock valued at $229,000 after acquiring an additional 458 shares during the last quarter. First Quadrant L P CA increased its stake in shares of ConocoPhillips by 43.8% in the 2nd quarter. First Quadrant L P CA now owns 47,018 shares of the energy producer’s stock valued at $2,868,000 after acquiring an additional 14,315 shares during the last quarter. Finally, Westside Investment Management Inc. bought a new stake in shares of ConocoPhillips in the 2nd quarter valued at about $141,000. Institutional investors and hedge funds own 72.18% of the company’s stock.

NYSE:COP traded down $2.06 during trading hours on Monday, reaching $54.41. 3,314,626 shares of the stock were exchanged, compared to its average volume of 5,718,416. ConocoPhillips has a twelve month low of $56.32 and a twelve month high of $80.24. The company has a current ratio of 1.76, a quick ratio of 1.72 and a debt-to-equity ratio of 0.45. The company’s 50 day simple moving average is $60.13. The stock has a market capitalization of $62.33 billion, a PE ratio of 12.01, a PEG ratio of 1.47 and a beta of 0.99.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Tuesday, July 30th. The energy producer reported $1.01 earnings per share for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.02). ConocoPhillips had a return on equity of 15.96% and a net margin of 18.33%. The firm had revenue of $8.38 billion for the quarter, compared to analyst estimates of $9.42 billion. During the same period last year, the company earned $1.09 EPS. The company’s revenue was down 9.3% compared to the same quarter last year. Analysts forecast that ConocoPhillips will post 4.04 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, July 22nd will be given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Friday, July 19th. ConocoPhillips’s dividend payout ratio (DPR) is currently 26.93%.

A number of analysts recently issued reports on COP shares. Mizuho raised ConocoPhillips from a “neutral” rating to a “buy” rating and increased their target price for the stock from $74.00 to $80.00 in a research note on Wednesday, June 26th. JPMorgan Chase & Co. lowered their target price on ConocoPhillips from $83.00 to $80.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Bank of America raised ConocoPhillips from a “neutral” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Wednesday, July 17th. Credit Suisse Group cut ConocoPhillips from an “outperform” rating to a “neutral” rating and set a $64.00 target price for the company. in a research note on Wednesday, May 1st. Finally, Zacks Investment Research raised ConocoPhillips from a “strong sell” rating to a “hold” rating and set a $52.00 target price for the company in a research note on Thursday, July 11th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $77.07.

ConocoPhillips 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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