ConocoPhillips (NYSE:COP) Shares Purchased by Boston Partners

Boston Partners increased its position in ConocoPhillips (NYSE:COP - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,475,842 shares of the energy producer's stock after purchasing an additional 1,078,063 shares during the quarter. Boston Partners owned approximately 0.48% of ConocoPhillips worth $543,976,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of COP. Cypress Capital Group lifted its holdings in ConocoPhillips by 0.5% during the third quarter. Cypress Capital Group now owns 18,790 shares of the energy producer's stock worth $1,978,000 after buying an additional 96 shares during the period. Orrstown Financial Services Inc. lifted its holdings in ConocoPhillips by 3.0% during the fourth quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock worth $331,000 after buying an additional 96 shares during the period. Smithfield Trust Co lifted its holdings in ConocoPhillips by 3.3% during the third quarter. Smithfield Trust Co now owns 3,132 shares of the energy producer's stock worth $332,000 after buying an additional 100 shares during the period. Principle Wealth Partners LLC lifted its holdings in ConocoPhillips by 0.3% during the fourth quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock worth $3,695,000 after buying an additional 100 shares during the period. Finally, Arlington Trust Co LLC lifted its holdings in ConocoPhillips by 1.2% during the fourth quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock worth $857,000 after buying an additional 102 shares during the period. Institutional investors own 82.36% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have weighed in on COP shares. UBS Group lowered their target price on ConocoPhillips from $140.00 to $137.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Morgan Stanley started coverage on ConocoPhillips in a report on Monday, December 16th. They set an "overweight" rating and a $128.00 target price for the company. Barclays lowered their target price on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $132.00 to $134.00 in a report on Monday, December 16th. Finally, Evercore ISI reiterated an "outperform" rating and set a $165.00 price objective on shares of ConocoPhillips in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $133.05.

ConocoPhillips Stock Performance

COP stock traded down $0.26 during midday trading on Friday, reaching $102.05. The stock had a trading volume of 55,090,100 shares, compared to its average volume of 6,427,545. The stock has a market cap of $129.84 billion, a PE ratio of 13.10, a P/E/G ratio of 0.79 and a beta of 1.12. 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 firm has a fifty day simple moving average of $99.21 and a two-hundred day simple moving average of $103.45. ConocoPhillips has a 52-week low of $86.81 and a 52-week high of $135.18.

ConocoPhillips (NYSE:COP - Get Free Report) last issued 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 return on equity of 17.26% and a net margin of 16.23%. As a group, equities research analysts anticipate 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. Shareholders of record on Monday, February 17th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.06%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio is currently 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.