Capital International Ltd. CA Decreases Holdings in ConocoPhillips (NYSE:COP)

Capital International Ltd. CA cut its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 57,167 shares of the energy producer's stock after selling 4,415 shares during the quarter. Capital International Ltd. CA's holdings in ConocoPhillips were worth $5,669,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Orrstown Financial Services Inc. increased its holdings in ConocoPhillips by 3.0% in the fourth quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after purchasing an additional 96 shares during the last quarter. 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 acquiring an additional 100 shares in the last quarter. Arlington Trust Co LLC increased its holdings in shares of ConocoPhillips by 1.2% in the fourth quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock worth $857,000 after acquiring an additional 102 shares in the last quarter. Courier Capital LLC grew its position in shares of 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 purchasing an additional 103 shares during the period. Finally, Gray Wealth Management Inc. increased 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 acquiring an additional 104 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Price Performance

Shares of COP traded up $2.57 during mid-day trading on Tuesday, reaching $90.12. The company had a trading volume of 1,518,519 shares, compared to its average volume of 8,631,346. The company's 50 day simple moving average is $95.03 and its 200 day simple moving average is $101.11. The company has a market capitalization of $113.93 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 0.79 and a beta of 0.83. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $130.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29.

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%. Analysts expect that ConocoPhillips will post 8.16 EPS for the current 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 paid 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 currently 40.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on COP shares. Morgan Stanley reissued an "overweight" rating and set a $116.00 price target on shares of ConocoPhillips in a research report on Tuesday, April 15th. Barclays reduced their price target on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Royal Bank of Canada dropped their price objective on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. The Goldman Sachs Group set a $132.00 price target on shares of ConocoPhillips in a research report on Thursday, January 30th. Finally, Truist Financial boosted their price objective on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.32.

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.