Baader Bank Aktiengesellschaft Sells 12,481 Shares of ConocoPhillips (NYSE:COP)

Baader Bank Aktiengesellschaft trimmed its position in ConocoPhillips (NYSE:COP - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,545 shares of the energy producer's stock after selling 12,481 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in ConocoPhillips were worth $3,921,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COP. Albion Financial Group UT increased its stake in shares of ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after acquiring an additional 228 shares during the last quarter. Values First Advisors Inc. acquired a new position in ConocoPhillips during the 3rd quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new stake in shares of ConocoPhillips in the 3rd quarter valued at approximately $31,000. Truvestments Capital LLC acquired a new stake in shares of ConocoPhillips in the 3rd quarter valued at approximately $31,000. Finally, Global Wealth Strategies & Associates boosted its holdings in shares of ConocoPhillips by 80.5% in the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock valued at $34,000 after buying an additional 153 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Up 0.0 %

Shares of NYSE COP traded up $0.04 during midday trading on Thursday, hitting $101.60. 1,992,366 shares of the stock traded hands, compared to its average volume of 5,568,820. The company has a market cap of $116.94 billion, a PE ratio of 12.08, a P/E/G ratio of 0.86 and a beta of 1.19. ConocoPhillips has a one year low of $94.23 and a one year high of $135.18. The business has a 50 day moving average price of $102.29 and a two-hundred day moving average price of $106.86. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.10. The company had revenue of $13.60 billion for the quarter, compared to analysts' expectations of $13.97 billion. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. ConocoPhillips's quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.16 earnings per share. On average, equities analysts predict that ConocoPhillips will post 7.65 EPS for the current year.

Insiders Place Their Bets

In other news, Director Arjun N. Murti purchased 2,500 shares of the company's stock in a transaction dated Friday, December 20th. The shares were purchased at an average price of $95.87 per share, with a total value of $239,675.00. Following the transaction, the director now directly owns 21,500 shares of the company's stock, valued at approximately $2,061,205. This represents a 13.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director R A. Walker purchased 10,400 shares of the company's stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the transaction, 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 ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on COP. Wells Fargo & Company dropped their price target on ConocoPhillips from $134.00 to $132.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 14th. TD Cowen assumed coverage on ConocoPhillips in a research report on Friday, January 17th. They issued a "buy" rating and a $125.00 price target on the stock. BMO Capital Markets raised their price target on ConocoPhillips from $123.00 to $125.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. Susquehanna raised their price objective on ConocoPhillips from $144.00 to $148.00 and gave the company a "positive" rating in a research note on Friday, November 1st. Finally, Evercore ISI reaffirmed an "outperform" rating and issued a $165.00 price objective on shares of ConocoPhillips in a research note on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, ConocoPhillips currently has a consensus rating of "Buy" and a consensus target price of $135.89.

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.