Are ConocoPhillips’ Colossal Investors Buying Ahead of Future Growth?

In 2012, ConocoPhillips’s (NYSE:COP) shares are down 23.64 percent. On Wednesday, the company announced that it has resumed shipments of liquefied natural gas (AMEX:LNG) from its Alaska plant; the venue has been a prior target for closure. According to corporate spokeswoman, Natalia Lowman, in May, the company sent a LNG shipment to Japan and will deliver an additional four or five cargoes this year. The customer has not been disclosed.

The plant is the only one in the United States that is a LNG export facility.

With the plant up and running and conducting business with Japan, will ConocoPhillip’s largest shareholders increase their positions? 1468 institutional firms indicated owning shares of ConocoPhillips (NYSE:COP) in Q1 2012. These firms reported owning a total of 864.885 million shares on 03/31/2012. The shares closed at $57.21 on 03/31/2012.

Here are the ten largest positions in ConocoPhillips at the end of March 31st, 2012.

Vanguard Group Inc held 54,182,845 shares on 03/31/2012 worth $4,118,438,164. This brought the portfolio total to 0.56%.

State Street Corp held 50,458,068 shares on 03/31/2012 worth $3,835,317,856. This brought the portfolio total to 0.59%.

Capital Research Global Investors held 35,499,860 shares on 03/31/2012 worth $2,698,344,434. This brought the portfolio total to 1.15%.

Blackrock Institutional Trust Company N.A. held 34,022,776 shares on 03/31/2012 worth $2,586,071,276. This brought the portfolio total to 0.59%.

Berkshire Hathaway Inc held 29,100,937 shares on 03/31/2012 worth $2,211,962,284. This brought the portfolio total to 2.94%.

Capital World Investors held 26,298,000 shares on 03/31/2012 worth $1,998,911,036. This brought the portfolio total to 0.7%.

Waddell & Reed Financial Inc held 23,626,397 shares on 03/31/2012 worth $1,795,842,486. This brought the portfolio total to 4.1%.

Barrow Hanley Mewhinney & Strauss LLC held 21,148,949 shares on 03/31/2012 worth $1,607,531,659. This brought the portfolio total to 3.16%.

Bank of New York Mellon Corp held 19,233,585 shares on 03/31/2012 worth $1,461,944,837. This brought the portfolio total to 0.56%.

Northern Trust Corp held 17,103,320 shares on 03/31/2012 worth $1,300,023,390. This brought the portfolio total to 0.6%.

About the company: ConocoPhillips is an international, integrated energy company which operates in several business segments. The Company explores for and produces petroleum, and refines, markets, supplies, and transports petroleum. ConocoPhillips also gathers and processes natural gas, and produces and distributes chemicals and plastics.

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