BTG Pactual Asset Management US LLC purchased a new stake in shares of ConocoPhillips (NYSE:COP - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 23,400 shares of the energy producer's stock, valued at approximately $2,321,000.
Several other institutional investors also recently modified their holdings of COP. Albion Financial Group UT grew its stake in shares of ConocoPhillips by 876.9% in the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock worth $25,000 after acquiring an additional 228 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in ConocoPhillips in the 4th quarter worth approximately $26,000. Centricity Wealth Management LLC purchased a new stake in ConocoPhillips during the 4th quarter valued at $27,000. Crowley Wealth Management Inc. purchased a new stake in ConocoPhillips during the 4th quarter valued at $32,000. Finally, Marshall Investment Management LLC bought a new position in shares of ConocoPhillips during the 4th quarter valued at $36,000. 82.36% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Truist Financial upped their price objective on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Raymond James lowered shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $157.00 to $124.00 in a research report on Monday, February 10th. UBS Group cut their target price on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research report on Tuesday. The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a report on Thursday, January 30th. Finally, TD Cowen initiated coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They set a "buy" rating and a $125.00 price target on the stock. 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 stock. According to MarketBeat.com, ConocoPhillips presently has an average rating of "Moderate Buy" and an average target price of $128.32.
Get Our Latest Analysis on ConocoPhillips
ConocoPhillips Price Performance
NYSE COP traded down $0.76 during trading hours on Tuesday, reaching $85.69. The company's stock had a trading volume of 5,739,237 shares, compared to its average volume of 7,070,399. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $130.80. 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 company has a market capitalization of $108.33 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.79 and a beta of 0.83. The firm's 50-day moving average price is $95.95 and its 200-day moving average price is $101.80.
ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.
ConocoPhillips Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.64%. The ex-dividend date was Friday, February 14th. ConocoPhillips's payout ratio is currently 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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