Canada Pension Plan Investment Board Sells 5,444 Shares of ConocoPhillips (NYSE:COP)

Canada Pension Plan Investment Board lessened its position in ConocoPhillips (NYSE:COP - Free Report) by 22.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,166 shares of the energy producer's stock after selling 5,444 shares during the quarter. Canada Pension Plan Investment Board's holdings in ConocoPhillips were worth $1,901,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in COP. Orrstown Financial Services Inc. boosted its position in shares of ConocoPhillips by 3.0% during the fourth quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after buying an additional 96 shares during the period. Principle Wealth Partners LLC boosted its holdings in ConocoPhillips by 0.3% during the 4th quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock valued at $3,695,000 after acquiring an additional 100 shares during the period. Arlington Trust Co LLC boosted its holdings in ConocoPhillips by 1.2% during the 4th quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock valued at $857,000 after acquiring an additional 102 shares during the period. Courier Capital LLC grew its position in ConocoPhillips by 0.5% in the 4th quarter. Courier Capital LLC now owns 20,481 shares of the energy producer's stock valued at $2,031,000 after acquiring an additional 103 shares during the last quarter. Finally, Gray Wealth Management Inc. lifted its position in shares of ConocoPhillips by 5.0% during the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock worth $215,000 after purchasing an additional 104 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Stock Up 0.2 %

ConocoPhillips stock opened at $89.95 on Thursday. The business has a fifty day moving average price of $94.76 and a 200-day moving average price of $100.95. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $130.77. The stock has a market capitalization of $113.72 billion, a price-to-earnings ratio of 11.55, a PEG ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP - Get Free Report) last posted 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%. Equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is presently 40.05%.

Analyst Ratings Changes

A number of research analysts have recently commented on COP shares. TD Cowen assumed coverage on shares of ConocoPhillips in a report on Friday, January 17th. They issued a "buy" rating and a $125.00 price target on the stock. Raymond James downgraded shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. JPMorgan Chase & Co. decreased their price target on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Morgan Stanley reissued an "overweight" rating and issued a $116.00 price objective on shares of ConocoPhillips in a research note on Tuesday, April 15th. Finally, The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a research report on Thursday, January 30th. Two equities 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 company's stock. According to MarketBeat.com, ConocoPhillips currently has an average rating of "Moderate Buy" and an average price target of $126.89.

About ConocoPhillips

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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