NTV Asset Management LLC Has $930,000 Stake in ConocoPhillips (COP)

NTV Asset Management LLC lowered its position in shares of ConocoPhillips (NYSE:COP) by 23.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,577 shares of the energy producer’s stock after selling 5,630 shares during the quarter. NTV Asset Management LLC’s holdings in ConocoPhillips were worth $930,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in COP. Financial Management Professionals Inc. increased its holdings in shares of ConocoPhillips by 0.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 2,294 shares of the energy producer’s stock valued at $100,000 after purchasing an additional 6 shares in the last quarter. First Command Bank increased its holdings in shares of ConocoPhillips by 9.4% in the 2nd quarter. First Command Bank now owns 2,313 shares of the energy producer’s stock valued at $101,000 after purchasing an additional 199 shares in the last quarter. Krilogy Financial LLC increased 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 purchasing an additional 782 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of ConocoPhillips by 468.4% in the 1st quarter. Westside Investment Management Inc. now owns 2,427 shares of the energy producer’s stock valued at $119,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Massey Quick & Co. LLC purchased a new position in shares of ConocoPhillips in the 1st quarter valued at about $123,000. Institutional investors own 69.63% of the company’s stock.

In related news, Director Charles E. Bunch bought 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average cost of $52.06 per share, with a total value of $104,120.00. Following the completion of the transaction, the director now owns 3,429 shares of the company’s stock, valued at $178,513.74. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.82% of the stock is currently owned by company insiders.

Shares of ConocoPhillips (NYSE COP) opened at $60.05 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.38 and a quick ratio of 2.23. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $60.24. The stock has a market cap of $71,790.00, a P/E ratio of -30.18, a P/E/G ratio of 2.90 and a beta of 1.26.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, October 26th. The energy producer reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.08. ConocoPhillips had a net margin of 6.47% and a return on equity of 5.54%. The business had revenue of $7.20 billion for the quarter, compared to analysts’ expectations of $6.55 billion. During the same period last year, the company earned ($0.66) earnings per share. analysts anticipate that ConocoPhillips will post 0.57 EPS for the current fiscal year.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective on the stock in a research note on Wednesday. Howard Weil cut shares of ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 price objective on the stock. in a research note on Friday, December 22nd. Royal Bank of Canada set a $61.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research note on Wednesday, December 20th. Piper Jaffray Companies reissued a “buy” rating and issued a $53.00 price objective on shares of ConocoPhillips in a research note on Friday, November 3rd. Finally, Credit Suisse Group assumed coverage on shares of ConocoPhillips in a research note on Monday, December 11th. They issued a “neutral” rating and a $50.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $55.47.

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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.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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