Harel Insurance Investments & Financial Services Ltd. Raises Stock Holdings in ConocoPhillips (NYSE:COP)

Harel Insurance Investments & Financial Services Ltd. increased its position in ConocoPhillips (NYSE:COP) by 960.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,699 shares of the energy producer’s stock after acquiring an additional 7,879 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in ConocoPhillips were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of COP. Fishman Jay A Ltd. MI grew its position in ConocoPhillips by 0.4% during the 4th quarter. Fishman Jay A Ltd. MI now owns 38,267 shares of the energy producer’s stock worth $2,386,000 after purchasing an additional 152 shares during the period. Farmers & Merchants Investments Inc. grew its position in shares of ConocoPhillips by 0.5% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 34,226 shares of the energy producer’s stock valued at $2,284,000 after acquiring an additional 160 shares during the period. Kanawha Capital Management LLC grew its position in shares of ConocoPhillips by 0.9% during the 1st quarter. Kanawha Capital Management LLC now owns 18,026 shares of the energy producer’s stock valued at $1,203,000 after acquiring an additional 165 shares during the period. CNB Bank grew its position in shares of ConocoPhillips by 4.6% during the 1st quarter. CNB Bank now owns 3,980 shares of the energy producer’s stock valued at $266,000 after acquiring an additional 175 shares during the period. Finally, Full Sail Capital LLC grew its position in shares of ConocoPhillips by 4.6% during the 1st quarter. Full Sail Capital LLC now owns 4,031 shares of the energy producer’s stock valued at $269,000 after acquiring an additional 179 shares during the period. Institutional investors own 72.06% of the company’s stock.

A number of equities research analysts have recently commented on COP shares. Credit Suisse Group cut ConocoPhillips from an “outperform” rating to a “neutral” rating and set a $64.00 target price on the stock. in a research report on Wednesday, May 1st. ValuEngine upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Thursday, June 27th. Bank of America upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and set a $75.00 target price on the stock in a research report on Wednesday, July 17th. Mizuho upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and raised their target price for the company from $74.00 to $80.00 in a research report on Wednesday, June 26th. Finally, Morgan Stanley dropped their target price on ConocoPhillips from $84.00 to $81.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Five equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $77.07.

Shares of ConocoPhillips stock opened at $59.11 on Thursday. The stock has a market cap of $65.76 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 1.49 and a beta of 1.00. ConocoPhillips has a twelve month low of $56.75 and a twelve month high of $80.24. The company has a 50-day moving average of $60.17. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.86 and a quick ratio of 1.72.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Tuesday, July 30th. The energy producer reported $1.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.02). The company had revenue of $8.38 billion during the quarter, compared to analysts’ expectations of $9.42 billion. ConocoPhillips had a net margin of 18.08% and a return on equity of 16.65%. The company’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.09 earnings per share. On average, equities analysts anticipate that ConocoPhillips will post 4.06 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, July 22nd will be paid a $0.305 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Friday, July 19th. ConocoPhillips’s dividend payout ratio is presently 26.93%.

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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