1ST Source Bank lowered its position in ConocoPhillips (NYSE:COP) by 10.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,910 shares of the company’s stock after selling 2,701 shares during the period. 1ST Source Bank’s holdings in ConocoPhillips were worth $1,116,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Tocqueville Asset Management L.P. boosted its stake in shares of ConocoPhillips by 2.8% in the fourth quarter. Tocqueville Asset Management L.P. now owns 17,727 shares of the company’s stock worth $828,000 after buying an additional 482 shares in the last quarter. Highstreet Asset Management Inc. boosted its stake in shares of ConocoPhillips by 59.2% in the fourth quarter. Highstreet Asset Management Inc. now owns 22,600 shares of the company’s stock worth $1,055,000 after buying an additional 8,400 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of ConocoPhillips by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 404,921 shares of the company’s stock worth $18,906,000 after buying an additional 3,500 shares in the last quarter. YHB Investment Advisors Inc. boosted its stake in shares of ConocoPhillips by 0.4% in the fourth quarter. YHB Investment Advisors Inc. now owns 14,249 shares of the company’s stock worth $665,000 after buying an additional 50 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of ConocoPhillips by 1.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 94,873 shares of the company’s stock worth $4,430,000 after buying an additional 1,713 shares in the last quarter.

ConocoPhillips (NYSE:COP) opened at 39.08 on Friday. The stock’s 50 day moving average is $43.17 and its 200 day moving average is $49.52. ConocoPhillips has a one year low of $32.71 and a one year high of $70.11. The firm’s market capitalization is $48.25 billion.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, October 29th. The company reported ($0.38) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.38). During the same quarter in the previous year, the business posted $1.29 EPS. On average, equities research analysts predict that ConocoPhillips will post ($1.15) earnings per share for the current fiscal year.

COP has been the subject of a number of research analyst reports. Howard Weil reduced their price objective on ConocoPhillips from $59.00 to $55.00 in a report on Monday, December 14th. Jefferies Group reduced their price objective on ConocoPhillips to $45.00 in a report on Tuesday, January 12th. Argus reduced their price objective on ConocoPhillips from $82.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, December 9th. They noted that the move was a valuation call. Deutsche Bank restated a “buy” rating on shares of ConocoPhillips in a report on Sunday, November 1st. Finally, Bank of America boosted their price objective on ConocoPhillips from $74.00 to $77.00 and gave the stock a “buy” rating in a report on Tuesday, October 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $57.20.

In other ConocoPhillips news, Director Arjun N. Murti acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 16th. The stock was bought at an average cost of $49.90 per share, with a total value of $249,500.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $249,500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffrey Wayne Sheets sold 15,746 shares of the firm’s stock in a transaction that occurred on Thursday, November 19th. The stock was sold at an average price of $54.00, for a total transaction of $850,284.00. Following the completion of the transaction, the chief financial officer now directly owns 24,636 shares of the company’s stock, valued at $1,330,344. The disclosure for this sale can be found here.

ConocoPhillips (NYSE:COP) 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 six operating segments, which are primarily defined by geographic region: Alaska, Lower 48, Canada, Europe, Asia Pacific and Middle East, and Other International. The Company’s continuing operations are producing in the United States, Norway, the United Kingdom, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia, Qatar, Libya and Russia. The Company has major ownership interests in two of North America’s oil fields located on Alaska’s North Slope: Prudhoe Bay and Kuparuk.

12 Month Chart for NYSE:COP

Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.com's FREE daily email newsletter.