D.A. Davidson & CO. Raises Stock Position in ConocoPhillips $COP

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D.A. Davidson & CO. increased its stake in ConocoPhillips (NYSE:COP) by 10.5% in the fourth quarter, bringing its total holdings to 155,662 shares valued at $14.57 million. Several other institutional investors also significantly boosted their positions in the energy producer. ConocoPhillips recently paid a quarterly dividend of $0.84 per share, and analysts have a “Moderate Buy” consensus rating on the stock with an average price target of $132.44.

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