BI Asset Management Fondsmaeglerselskab A S Sells 41,457 Shares of ConocoPhillips (NYSE:COP)

BI Asset Management Fondsmaeglerselskab A S decreased its stake in ConocoPhillips (NYSE:COP - Free Report) by 38.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,659 shares of the energy producer's stock after selling 41,457 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in ConocoPhillips were worth $6,710,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of COP. Albion Financial Group UT boosted its stake in ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after buying an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in shares of ConocoPhillips during the 4th quarter worth about $26,000. Centricity Wealth Management LLC bought a new position in shares of ConocoPhillips during the fourth quarter worth $27,000. Crowley Wealth Management Inc. bought a new stake in shares of ConocoPhillips in the 4th quarter valued at $32,000. Finally, Global Wealth Strategies & Associates lifted its holdings in ConocoPhillips by 80.5% during the fourth quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock worth $34,000 after acquiring an additional 153 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

COP stock traded up $0.19 during trading hours on Wednesday, hitting $89.95. 7,691,676 shares of the stock were exchanged, compared to its average volume of 7,125,547. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $130.77. The firm has a market capitalization of $113.72 billion, a P/E ratio of 11.55, a P/E/G ratio of 0.79 and a beta of 0.83. The company has a 50-day simple moving average of $94.89 and a two-hundred day simple moving average of $101.03. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping 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, analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.78 per share. 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 3.47%. ConocoPhillips's payout ratio is 40.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Raymond James lowered ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $157.00 to $124.00 in a research report on Monday, February 10th. Barclays cut their price objective on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Wells Fargo & Company lowered their target price on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Morgan Stanley reaffirmed an "overweight" rating and set a $116.00 price target on shares of ConocoPhillips in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada decreased their target price on shares of ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $127.68.

ConocoPhillips 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.