ING Groep NV Acquires 50,422 Shares of ConocoPhillips (COP)

ING Groep NV raised its holdings in shares of ConocoPhillips (NYSE:COP) by 58.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 136,723 shares of the energy producer’s stock after acquiring an additional 50,422 shares during the period. ING Groep NV’s holdings in ConocoPhillips were worth $7,505,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in COP. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of ConocoPhillips by 468.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,820 shares of the energy producer’s stock valued at $100,000 after buying an additional 1,500 shares during the period. Krilogy Financial LLC grew its holdings in shares of ConocoPhillips by 48.6% in the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock valued at $105,000 after buying an additional 782 shares during the period. Rocky Mountain Advisers LLC grew its holdings in shares of ConocoPhillips by 140.2% in the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,392 shares of the energy producer’s stock valued at $120,000 after buying an additional 1,396 shares during the period. Clear Perspective Advisors LLC grew its holdings in shares of ConocoPhillips by 75.5% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,790 shares of the energy producer’s stock valued at $123,000 after buying an additional 1,200 shares during the period. Finally, TLP Group LLC acquired a new position in shares of ConocoPhillips in the 2nd quarter valued at $142,000. 70.93% of the stock is owned by institutional investors.

In other ConocoPhillips news, Director Charles E. Bunch acquired 2,000 shares of ConocoPhillips stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $52.06 per share, for a total transaction of $104,120.00. Following the purchase, the director now directly owns 3,429 shares in the company, valued at approximately $178,513.74. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.82% of the company’s stock.

ConocoPhillips (NYSE:COP) opened at $54.65 on Friday. ConocoPhillips has a one year low of $42.26 and a one year high of $61.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38. The company has a market cap of $64,328.90, a PE ratio of 74.86, a PEG ratio of 1.74 and a beta of 1.32.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 1st. The energy producer reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. ConocoPhillips had a negative net margin of 2.04% and a positive return on equity of 2.78%. The company had revenue of $8.74 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same period in the prior year, the business posted ($0.26) EPS. research analysts anticipate that ConocoPhillips will post 2.85 earnings per share for the current year.

ConocoPhillips declared that its board has approved a share buyback program on Wednesday, November 8th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the energy producer to repurchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.09%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, February 9th. ConocoPhillips’s dividend payout ratio is currently -228.00%.

COP has been the subject of several research analyst reports. Wells Fargo & Co boosted their price target on shares of ConocoPhillips from $57.00 to $60.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Barclays boosted their price target on shares of ConocoPhillips from $55.00 to $59.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Royal Bank of Canada set a $58.00 price target on shares of ConocoPhillips and gave the company a “buy” rating in a report on Monday, October 30th. Scotiabank reaffirmed a “buy” rating and issued a $53.00 target price on shares of ConocoPhillips in a research note on Wednesday, November 1st. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $53.00 target price on shares of ConocoPhillips in a research note on Friday, November 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $58.53.

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About ConocoPhillips

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.

Want to see what other hedge funds are holding COP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP).

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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ING Groep NV Acquires 50,422 Shares of ConocoPhillips (COP)

ING Groep NV lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 58.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,723 shares of the energy producer’s stock after buying an additional 50,422 shares during the period. ING Groep NV’s holdings in ConocoPhillips were worth $7,505,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Royal Bank of Scotland Group PLC bought a new stake in shares of ConocoPhillips in the 4th quarter valued at about $21,216,000. Crossmark Global Holdings Inc. raised its holdings in ConocoPhillips by 4.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 93,955 shares of the energy producer’s stock valued at $5,157,000 after acquiring an additional 3,910 shares during the period. NorthCoast Asset Management LLC bought a new position in ConocoPhillips in the 4th quarter valued at about $6,550,000. AT Bancorp raised its holdings in ConocoPhillips by 9.2% in the 4th quarter. AT Bancorp now owns 10,969 shares of the energy producer’s stock valued at $602,000 after acquiring an additional 928 shares during the period. Finally, Bourgeon Capital Management LLC raised its holdings in ConocoPhillips by 35.6% in the 4th quarter. Bourgeon Capital Management LLC now owns 23,511 shares of the energy producer’s stock valued at $1,291,000 after acquiring an additional 6,175 shares during the period. 70.93% of the stock is currently owned by institutional investors.

ConocoPhillips (NYSE COP) opened at $54.65 on Friday. ConocoPhillips has a fifty-two week low of $42.26 and a fifty-two week high of $61.31. The company has a market cap of $64,328.90, a P/E ratio of 74.86, a PEG ratio of 1.74 and a beta of 1.32. 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 (NYSE:COP) last announced its earnings results on Thursday, February 1st. The energy producer reported $0.45 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. ConocoPhillips had a negative net margin of 2.04% and a positive return on equity of 2.78%. The company had revenue of $8.74 billion for the quarter, compared to analysts’ expectations of $7.70 billion. During the same period last year, the firm earned ($0.26) earnings per share. research analysts predict that ConocoPhillips will post 2.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be issued a dividend of $0.285 per share. The ex-dividend date of this dividend is Friday, February 9th. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.27. This represents a $1.14 annualized dividend and a dividend yield of 2.09%. ConocoPhillips’s dividend payout ratio (DPR) is currently -228.00%.

ConocoPhillips announced that its board has initiated a stock buyback program on Wednesday, November 8th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the energy producer to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Several research firms have weighed in on COP. Zacks Investment Research raised shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating and set a $66.00 price target on the stock in a report on Wednesday, January 10th. Credit Suisse Group began coverage on shares of ConocoPhillips in a report on Monday, December 11th. They issued a “neutral” rating and a $50.00 price target on the stock. Piper Jaffray Companies reissued a “buy” rating and issued a $63.00 price target on shares of ConocoPhillips in a report on Wednesday, January 24th. Macquarie began coverage on shares of ConocoPhillips in a report on Wednesday, January 17th. They issued an “outperform” rating on the stock. Finally, Argus lowered their price target on shares of ConocoPhillips from $65.00 to $54.54 and set a “buy” rating on the stock in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. ConocoPhillips presently has an average rating of “Buy” and an average price target of $58.53.

In other ConocoPhillips news, Director Charles E. Bunch bought 2,000 shares of the stock in a transaction dated Monday, December 11th. The shares were bought at an average cost of $52.06 per share, with a total value of $104,120.00. Following the completion of the acquisition, the director now owns 3,429 shares of the company’s stock, valued at $178,513.74. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.82% of the stock is currently owned by company insiders.

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About ConocoPhillips

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.

Want to see what other hedge funds are holding COP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP).

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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