Aviva PLC Purchases 5,472 Shares of ConocoPhillips (NYSE:COP)

Aviva PLC increased its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 12.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,453 shares of the energy producer's stock after purchasing an additional 5,472 shares during the period. Aviva PLC's holdings in ConocoPhillips were worth $5,003,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Brown Financial Advisors increased its position in shares of ConocoPhillips by 9.9% during the third quarter. Brown Financial Advisors now owns 12,266 shares of the energy producer's stock worth $1,291,000 after acquiring an additional 1,105 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in ConocoPhillips by 7.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 19,274 shares of the energy producer's stock valued at $2,029,000 after acquiring an additional 1,414 shares during the last quarter. Soltis Investment Advisors LLC grew its holdings in ConocoPhillips by 1.1% during the 3rd quarter. Soltis Investment Advisors LLC now owns 14,076 shares of the energy producer's stock worth $1,482,000 after acquiring an additional 148 shares in the last quarter. Unigestion Holding SA increased its position in shares of ConocoPhillips by 1.1% in the 3rd quarter. Unigestion Holding SA now owns 225,307 shares of the energy producer's stock worth $23,718,000 after purchasing an additional 2,378 shares during the last quarter. Finally, Morse Asset Management Inc acquired a new stake in shares of ConocoPhillips in the 3rd quarter valued at about $805,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Barclays dropped their price target on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Morgan Stanley decreased their price target on shares of ConocoPhillips from $131.00 to $126.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research note on Thursday, January 30th. Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Finally, TD Cowen started coverage on ConocoPhillips in a report on Friday, January 17th. They issued a "buy" rating and a $125.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $130.79.

ConocoPhillips Trading Up 0.6 %

Shares of NYSE COP traded up $0.54 during mid-day trading on Monday, hitting $86.93. 1,041,702 shares of the company traded hands, compared to its average volume of 7,043,286. The business has a 50 day moving average of $96.51 and a two-hundred day moving average of $102.04. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $109.89 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 0.79 and a beta of 0.83. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $132.61.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. On average, sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.59%. ConocoPhillips's dividend payout ratio is 40.05%.

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.