Fox Run Management L.L.C. Buys 32,100 Shares of ConocoPhillips (COP)

Fox Run Management L.L.C. lifted its stake in shares of ConocoPhillips (NYSE:COP) by 553.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,900 shares of the energy producer’s stock after buying an additional 32,100 shares during the quarter. ConocoPhillips makes up approximately 0.6% of Fox Run Management L.L.C.’s portfolio, making the stock its biggest position. Fox Run Management L.L.C.’s holdings in ConocoPhillips were worth $1,666,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in COP. Wellington Management Group LLP grew its position in shares of ConocoPhillips by 255.3% during the first quarter. Wellington Management Group LLP now owns 12,803,885 shares of the energy producer’s stock worth $638,530,000 after buying an additional 9,200,014 shares in the last quarter. FMR LLC grew its position in shares of ConocoPhillips by 6.9% during the first quarter. FMR LLC now owns 61,497,903 shares of the energy producer’s stock worth $3,066,900,000 after buying an additional 3,982,002 shares in the last quarter. State Street Corp grew its position in shares of ConocoPhillips by 3.9% during the first quarter. State Street Corp now owns 65,388,296 shares of the energy producer’s stock worth $3,260,918,000 after buying an additional 2,452,533 shares in the last quarter. First Eagle Investment Management LLC grew its position in shares of ConocoPhillips by 21.0% during the first quarter. First Eagle Investment Management LLC now owns 10,065,496 shares of the energy producer’s stock worth $501,966,000 after buying an additional 1,744,860 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in shares of ConocoPhillips by 74.3% during the first quarter. State of New Jersey Common Pension Fund D now owns 2,345,000 shares of the energy producer’s stock worth $116,945,000 after buying an additional 1,000,000 shares in the last quarter. 68.99% of the stock is owned by institutional investors and hedge funds.

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Several research firms recently weighed in on COP. J P Morgan Chase & Co restated an “overweight” rating on shares of ConocoPhillips in a research note on Saturday. BidaskClub upgraded ConocoPhillips from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada restated a “buy” rating and set a $62.00 target price on shares of ConocoPhillips in a research note on Thursday, June 15th. Zacks Investment Research upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Scotiabank set a $54.00 target price on ConocoPhillips and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $54.19.

ConocoPhillips (NYSE COP) traded up 1.48% on Friday, hitting $46.51. The stock had a trading volume of 11,895,013 shares. The company’s market cap is $56.60 billion. The company’s 50 day moving average price is $44.48 and its 200-day moving average price is $45.66. ConocoPhillips has a 12-month low of $39.00 and a 12-month high of $53.17.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, July 27th. The energy producer reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.16. The business had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $6.74 billion. ConocoPhillips had a negative return on equity of 2.86% and a negative net margin of 12.29%. During the same quarter last year, the business posted ($0.79) EPS. Equities research analysts anticipate that ConocoPhillips will post $0.26 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Monday, July 24th were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Thursday, July 20th. ConocoPhillips’s dividend payout ratio (DPR) is -34.98%.

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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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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