DAVENPORT & Co LLC Has $5.60 Million Holdings in ConocoPhillips (NYSE:COP)

DAVENPORT & Co LLC boosted its stake in shares of ConocoPhillips (NYSE:COP) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,441 shares of the energy producer’s stock after purchasing an additional 1,552 shares during the quarter. DAVENPORT & Co LLC’s holdings in ConocoPhillips were worth $5,597,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of COP. AMF Tjanstepension AB raised its stake in ConocoPhillips by 4.7% during the 3rd quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer’s stock valued at $122,628,000 after purchasing an additional 52,334 shares during the last quarter. Czech National Bank raised its stake in shares of ConocoPhillips by 6.2% in the 3rd quarter. Czech National Bank now owns 236,559 shares of the energy producer’s stock valued at $24,905,000 after buying an additional 13,707 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of ConocoPhillips by 4.3% in the 3rd quarter. GAMMA Investing LLC now owns 20,384 shares of the energy producer’s stock valued at $2,146,000 after buying an additional 839 shares in the last quarter. Azzad Asset Management Inc. ADV raised its stake in shares of ConocoPhillips by 2.2% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 36,251 shares of the energy producer’s stock valued at $3,817,000 after buying an additional 794 shares in the last quarter. Finally, Smith Anglin Financial LLC raised its stake in shares of ConocoPhillips by 17.1% in the 3rd quarter. Smith Anglin Financial LLC now owns 3,023 shares of the energy producer’s stock valued at $318,000 after buying an additional 442 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Raymond James increased their price objective on shares of ConocoPhillips from $148.00 to $157.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 23rd. Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $132.00 to $134.00 in a research note on Monday, December 16th. TD Cowen initiated coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They set a “buy” rating and a $125.00 target price for the company. Barclays increased their target price on shares of ConocoPhillips from $135.00 to $137.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $120.00 to $123.00 in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips currently has an average rating of “Buy” and an average price target of $135.89.

ConocoPhillips Stock Down 0.4 %

Shares of NYSE:COP opened at $98.47 on Tuesday. The firm has a market cap of $113.33 billion, a P/E ratio of 11.71, a P/E/G ratio of 0.76 and a beta of 1.18. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12 month low of $94.23 and a 12 month high of $135.18. The company’s 50-day moving average price is $101.82 and its two-hundred day moving average price is $106.59.

Insider Activity

In other ConocoPhillips news, Director Arjun N. Murti bought 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The shares were bought at an average price of $95.87 per share, with a total value of $239,675.00. Following the purchase, the director now owns 21,500 shares of the company’s stock, valued at $2,061,205. This trade represents a 13.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director R A. Walker bought 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the purchase, the director now directly owns 38,000 shares in the company, valued at approximately $3,716,400. The trade was a 37.68 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.