The ConocoPhillips (COP) Shares Bought by Rockefeller Financial Services Inc.

The ConocoPhillips (COP) Shares Bought by Rockefeller Financial Services Inc.

Rockefeller Financial Services Inc. increased its stake in shares of ConocoPhillips (NYSE:COP) by 8.3% during the third quarter, Holdings Channel reports. The fund owned 1,509,828 shares of the company’s stock after buying an additional 116,250 shares during the period. ConocoPhillips makes up approximately 1.4% of Rockefeller Financial Services Inc.’s portfolio, making the stock its 29th largest position. Rockefeller Financial Services Inc. owned approximately 0.12% of ConocoPhillips worth $65,632,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. National Pension Service boosted its position in ConocoPhillips by 8.7% in the third quarter. National Pension Service now owns 818,970 shares of the company’s stock valued at $35,601,000 after buying an additional 65,460 shares during the last quarter. Adams Asset Advisors LLC boosted its position in ConocoPhillips by 5.8% in the third quarter. Adams Asset Advisors LLC now owns 173,418 shares of the company’s stock valued at $7,538,000 after buying an additional 9,560 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in ConocoPhillips by 1.7% in the second quarter. Nisa Investment Advisors LLC now owns 457,168 shares of the company’s stock valued at $19,933,000 after buying an additional 7,636 shares during the last quarter. Strs Ohio boosted its position in ConocoPhillips by 1.1% in the second quarter. Strs Ohio now owns 1,004,958 shares of the company’s stock valued at $43,816,000 after buying an additional 10,603 shares during the last quarter. Finally, Bollard Group LLC boosted its position in ConocoPhillips by 1.7% in the third quarter. Bollard Group LLC now owns 132,908 shares of the company’s stock valued at $5,778,000 after buying an additional 2,219 shares during the last quarter. Hedge funds and other institutional investors own 63.41% of the company’s stock.

Shares of ConocoPhillips (NYSE:COP) opened at 50.27 on Thursday. The company’s market cap is $62.29 billion. The firm’s 50-day moving average is $50.59 and its 200-day moving average is $44.35. ConocoPhillips has a one year low of $31.05 and a one year high of $53.17.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, October 27th. The company reported ($0.66) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.69) by $0.03. ConocoPhillips had a negative return on equity of 10.68% and a negative net margin of 29.45%. During the same quarter in the prior year, the company earned ($0.38) earnings per share. Analysts expect that ConocoPhillips will post ($2.83) EPS for the current fiscal year.

COP has been the subject of several research analyst reports. cut shares of ConocoPhillips from an “outperform” rating to an “underperform” rating in a research note on Tuesday, November 15th. Zacks Investment Research cut shares of ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Monday, October 24th. Nomura reiterated a “hold” rating and set a $49.00 target price on shares of ConocoPhillips in a research note on Monday, October 3rd. Vetr upgraded shares of ConocoPhillips from a “buy” rating to a “strong-buy” rating and set a $50.61 target price for the company in a research note on Tuesday, November 8th. Finally, RBC Capital Markets reiterated a “buy” rating and set a $57.00 target price on shares of ConocoPhillips in a research note on Tuesday, January 3rd. Three analysts have rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $54.12.

ConocoPhillips Company Profile

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). The Company operates through six operating segments, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.

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