FUKOKU MUTUAL LIFE INSURANCE Co Sells 329 Shares of ConocoPhillips (NYSE:COP)

FUKOKU MUTUAL LIFE INSURANCE Co lessened its position in ConocoPhillips (NYSE:COPFree Report) by 5.2% during the third quarter, Holdings Channel reports. The institutional investor owned 5,981 shares of the energy producer’s stock after selling 329 shares during the quarter. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in ConocoPhillips were worth $717,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of ConocoPhillips by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 22,756,145 shares of the energy producer’s stock worth $2,354,009,000 after purchasing an additional 334,277 shares during the last quarter. Morgan Stanley increased its position in shares of ConocoPhillips by 26.6% during the 4th quarter. Morgan Stanley now owns 16,647,723 shares of the energy producer’s stock worth $1,964,432,000 after purchasing an additional 3,497,750 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of ConocoPhillips by 10.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 12,028,061 shares of the energy producer’s stock worth $1,440,962,000 after purchasing an additional 1,152,907 shares during the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of ConocoPhillips by 98,832.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,584,373 shares of the energy producer’s stock worth $1,012,956,000 after purchasing an additional 8,575,696 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of ConocoPhillips by 2.1% during the 2nd quarter. Fisher Asset Management LLC now owns 7,168,823 shares of the energy producer’s stock worth $742,865,000 after purchasing an additional 146,064 shares during the last quarter. Institutional investors and hedge funds own 80.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Royal Bank of Canada boosted their price target on ConocoPhillips from $130.00 to $135.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 14th. JPMorgan Chase & Co. reduced their target price on ConocoPhillips from $153.00 to $141.00 and set a “neutral” rating for the company in a research note on Friday, December 8th. Raymond James reduced their target price on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Mizuho reduced their target price on ConocoPhillips from $139.00 to $132.00 and set a “neutral” rating for the company in a research note on Wednesday, January 3rd. Finally, Susquehanna reduced their target price on ConocoPhillips from $152.00 to $133.00 and set a “positive” rating for the company in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.18.

Read Our Latest Stock Report on COP

ConocoPhillips Price Performance

Shares of NYSE:COP traded up $1.58 during trading on Thursday, reaching $113.90. 7,699,267 shares of the company traded hands, compared to its average volume of 5,343,980. The company’s 50 day moving average is $113.21 and its two-hundred day moving average is $116.60. The firm has a market capitalization of $135.25 billion, a PE ratio of 12.44, a PEG ratio of 0.65 and a beta of 1.24. The company has a quick ratio of 1.53, a current ratio of 1.66 and a debt-to-equity ratio of 0.38. ConocoPhillips has a 52 week low of $91.53 and a 52 week high of $127.35.

ConocoPhillips Company Profile

(Free Report)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States and internationally. The company's 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 global exploration prospects.

Further Reading

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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