Dai Ichi Life Insurance Company Ltd raised its holdings in ConocoPhillips (NYSE:COP) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,256 shares of the energy producer’s stock after buying an additional 2,174 shares during the period. Dai Ichi Life Insurance Company Ltd’s holdings in ConocoPhillips were worth $5,819,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of the business. Financial Management Professionals Inc. grew its holdings in shares of ConocoPhillips by 0.3% during the second quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock worth $100,000 after purchasing an additional 6 shares during the last quarter. WFG Advisors LP grew its holdings in shares of ConocoPhillips by 0.4% during the second quarter. WFG Advisors LP now owns 9,611 shares of the energy producer’s stock worth $423,000 after purchasing an additional 39 shares during the last quarter. Genesee Valley Trust Co. grew its holdings in shares of ConocoPhillips by 0.6% during the second quarter. Genesee Valley Trust Co. now owns 7,095 shares of the energy producer’s stock worth $312,000 after purchasing an additional 45 shares during the last quarter. Girard Partners LTD. grew its holdings in shares of ConocoPhillips by 0.6% during the second quarter. Girard Partners LTD. now owns 8,434 shares of the energy producer’s stock worth $371,000 after purchasing an additional 49 shares during the last quarter. Finally, First City Capital Management Inc. grew its holdings in shares of ConocoPhillips by 1.4% during the second quarter. First City Capital Management Inc. now owns 5,459 shares of the energy producer’s stock worth $240,000 after purchasing an additional 75 shares during the last quarter. Institutional investors own 69.63% of the company’s stock.
ConocoPhillips (NYSE COP) opened at $56.88 on Monday. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64. ConocoPhillips has a twelve month low of $42.26 and a twelve month high of $57.19. The stock has a market capitalization of $68,000.95, a PE ratio of -30.75, a P/E/G ratio of 2.90 and a beta of 1.26.
In related news, Director Charles E. Bunch purchased 2,000 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were purchased at an average price of $52.06 per share, with a total value of $104,120.00. Following the completion of the acquisition, the director now directly owns 3,429 shares in the company, valued at approximately $178,513.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.82% of the company’s stock.
COP has been the topic of several research reports. Barclays raised their price objective on ConocoPhillips from $55.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. Royal Bank of Canada raised their price objective on ConocoPhillips from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Zacks Investment Research lowered ConocoPhillips from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Scotiabank reaffirmed a “buy” rating and set a $53.00 price objective on shares of ConocoPhillips in a report on Wednesday, November 1st. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of ConocoPhillips in a report on Saturday, September 16th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $55.41.
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ConocoPhillips Company Profile
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
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