Aquatic Capital Management LLC bought a new position in ConocoPhillips (NYSE:COP - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 246,980 shares of the energy producer's stock, valued at approximately $24,493,000. ConocoPhillips makes up 0.7% of Aquatic Capital Management LLC's investment portfolio, making the stock its 29th largest holding.
A number of other large investors also recently modified their holdings of COP. Price T Rowe Associates Inc. MD lifted its stake in ConocoPhillips by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock valued at $4,546,706,000 after acquiring an additional 5,549,078 shares in the last quarter. Tidal Investments LLC lifted its stake in ConocoPhillips by 42.7% during the 3rd quarter. Tidal Investments LLC now owns 103,553 shares of the energy producer's stock valued at $10,902,000 after acquiring an additional 31,011 shares in the last quarter. Leavell Investment Management Inc. lifted its stake in ConocoPhillips by 59.8% during the 4th quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock valued at $1,901,000 after acquiring an additional 7,174 shares in the last quarter. Brookstone Capital Management lifted its stake in ConocoPhillips by 4.5% during the 4th quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock valued at $878,000 after acquiring an additional 383 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in ConocoPhillips by 2.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,474,270 shares of the energy producer's stock valued at $155,211,000 after acquiring an additional 32,948 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts have weighed in on the company. The Goldman Sachs Group set a $132.00 price objective on ConocoPhillips in a research note on Thursday, January 30th. UBS Group cut their price target on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Scotiabank decreased their price objective on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Wells Fargo & Company dropped their target price on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $116.00 target price on shares of ConocoPhillips in a research note on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of "Moderate Buy" and a consensus price target of $126.89.
Read Our Latest Report on ConocoPhillips
ConocoPhillips Price Performance
NYSE COP traded up $1.20 on Monday, hitting $92.92. The stock had a trading volume of 4,667,117 shares, compared to its average volume of 7,153,343. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $130.44. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The company has a market capitalization of $117.47 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The firm has a 50-day moving average of $94.43 and a 200-day moving average of $100.39.
ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Equities analysts expect that ConocoPhillips will post 8.16 EPS for the current year.
ConocoPhillips Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's payout ratio is 40.05%.
About ConocoPhillips
(
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, 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.
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