ConocoPhillips (NYSE:COP) Shares Bought by Capital International Inc. CA

Capital International Inc. CA increased its position in ConocoPhillips (NYSE:COP - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 367,619 shares of the energy producer's stock after purchasing an additional 45,460 shares during the quarter. Capital International Inc. CA's holdings in ConocoPhillips were worth $36,457,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of COP. Tidal Investments LLC increased its stake in shares of ConocoPhillips by 42.7% during the third quarter. Tidal Investments LLC now owns 103,553 shares of the energy producer's stock valued at $10,902,000 after buying an additional 31,011 shares during the period. Leavell Investment Management Inc. raised its holdings in shares of ConocoPhillips by 59.8% in the 4th quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock valued at $1,901,000 after purchasing an additional 7,174 shares in the last quarter. Brookstone Capital Management lifted its position in shares of ConocoPhillips by 4.5% in the 4th quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock worth $878,000 after purchasing an additional 383 shares during the period. Principal Financial Group Inc. boosted its stake in shares of ConocoPhillips by 2.3% during the third quarter. Principal Financial Group Inc. now owns 1,474,270 shares of the energy producer's stock valued at $155,211,000 after purchasing an additional 32,948 shares in the last quarter. Finally, Fiduciary Alliance LLC lifted its stake in shares of ConocoPhillips by 13.6% during the 4th quarter. Fiduciary Alliance LLC now owns 186,535 shares of the energy producer's stock worth $18,499,000 after purchasing an additional 22,378 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on COP shares. Scotiabank decreased their price target on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. TD Cowen started coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They issued a "buy" rating and a $125.00 target price for the company. Wells Fargo & Company decreased their price objective on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. JPMorgan Chase & Co. dropped their price target on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Finally, Raymond James lowered shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the company from $157.00 to $124.00 in a research report on Monday, February 10th. Two 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. Based on data from MarketBeat, ConocoPhillips currently has an average rating of "Moderate Buy" and a consensus target price of $127.68.

ConocoPhillips Price Performance

COP traded up $0.34 during midday trading on Wednesday, hitting $90.10. 4,597,506 shares of the company traded hands, compared to its average volume of 7,113,649. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $130.77. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The business 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 market capitalization of $113.90 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 0.79 and a beta of 0.83.

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

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.78 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.46%. ConocoPhillips's dividend payout ratio is presently 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.