Hexavest Inc. Sells 3,324 Shares of ConocoPhillips (NYSE:COP)

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Hexavest Inc. trimmed its holdings in shares of ConocoPhillips (NYSE:COP) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 685,569 shares of the energy producer’s stock after selling 3,324 shares during the period. Hexavest Inc. owned 0.06% of ConocoPhillips worth $44,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Mitchell Mcleod Pugh & Williams Inc. increased its holdings in ConocoPhillips by 6.7% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 8,727 shares of the energy producer’s stock worth $567,000 after purchasing an additional 550 shares during the last quarter. Country Trust Bank raised its position in ConocoPhillips by 2.8% during the fourth quarter. Country Trust Bank now owns 307,543 shares of the energy producer’s stock valued at $20,000,000 after acquiring an additional 8,428 shares in the last quarter. Weather Gauge Advisory LLC raised its position in ConocoPhillips by 4.8% during the fourth quarter. Weather Gauge Advisory LLC now owns 6,793 shares of the energy producer’s stock valued at $442,000 after acquiring an additional 310 shares in the last quarter. Accurate Investment Solutions Inc. lifted its holdings in ConocoPhillips by 129.9% in the fourth quarter. Accurate Investment Solutions Inc. now owns 3,531 shares of the energy producer’s stock valued at $230,000 after acquiring an additional 1,995 shares during the period. Finally, M&R Capital Management Inc. lifted its holdings in ConocoPhillips by 38.4% in the fourth quarter. M&R Capital Management Inc. now owns 11,974 shares of the energy producer’s stock valued at $778,000 after acquiring an additional 3,325 shares during the period. 71.63% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently commented on the stock. Robert W. Baird initiated coverage on shares of ConocoPhillips in a research note on Tuesday. They set an “outperform” rating and a $72.00 price objective on the stock. Wells Fargo & Co reiterated a “buy” rating on shares of ConocoPhillips in a report on Tuesday, November 19th. Piper Jaffray Companies initiated coverage on shares of ConocoPhillips in a report on Tuesday, November 26th. They issued a “buy” rating and a $74.00 price target on the stock. MKM Partners assumed coverage on shares of ConocoPhillips in a research note on Thursday, December 5th. They set a “buy” rating and a $72.00 price objective for the company. Finally, Morgan Stanley dropped their price objective on shares of ConocoPhillips from $81.00 to $79.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. ConocoPhillips presently has a consensus rating of “Buy” and an average price target of $74.00.

COP traded up $0.35 on Thursday, hitting $65.35. 1,423,361 shares of the stock traded hands, compared to its average volume of 5,216,964. ConocoPhillips has a 52 week low of $50.13 and a 52 week 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 firm has a market capitalization of $71.48 billion, a PE ratio of 14.43, a P/E/G ratio of 2.14 and a beta of 1.13. The business has a fifty day moving average price of $63.46 and a two-hundred day moving average price of $58.50.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Tuesday, October 29th. The energy producer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. ConocoPhillips had a return on equity of 13.54% and a net margin of 21.44%. The firm had revenue of $10.09 billion for the quarter, compared to analyst estimates of $7.06 billion. During the same period in the previous year, the company posted $1.36 earnings per share. On average, equities research analysts forecast that ConocoPhillips will post 3.64 EPS for the current fiscal year.

In other news, President William L. Jr. Bullock sold 25,628 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $63.17, for a total value of $1,618,920.76. Following the sale, the president now directly owns 32,926 shares in the company, valued at approximately $2,079,935.42. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.66% of the company’s stock.

About ConocoPhillips

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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