Charles Schwab Investment Management Inc. Has $747.11 Million Stock Position in ConocoPhillips (NYSE:COP)

Charles Schwab Investment Management Inc. lifted its stake in ConocoPhillips (NYSE:COP - Free Report) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,096,450 shares of the energy producer's stock after acquiring an additional 153,944 shares during the period. Charles Schwab Investment Management Inc. owned 0.62% of ConocoPhillips worth $747,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in ConocoPhillips by 35.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 32,192,580 shares of the energy producer's stock valued at $4,097,473,000 after buying an additional 8,479,963 shares in the last quarter. Pacer Advisors Inc. lifted its stake in ConocoPhillips by 5,422.3% during the third quarter. Pacer Advisors Inc. now owns 4,587,729 shares of the energy producer's stock valued at $482,996,000 after purchasing an additional 4,504,653 shares during the last quarter. Primecap Management Co. CA boosted its holdings in ConocoPhillips by 48.9% during the third quarter. Primecap Management Co. CA now owns 4,320,905 shares of the energy producer's stock worth $454,905,000 after buying an additional 1,418,900 shares in the last quarter. International Assets Investment Management LLC grew its position in ConocoPhillips by 10,634.2% in the third quarter. International Assets Investment Management LLC now owns 1,205,666 shares of the energy producer's stock worth $126,933,000 after buying an additional 1,194,434 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. increased its holdings in shares of ConocoPhillips by 19.3% in the third quarter. Diamond Hill Capital Management Inc. now owns 6,811,289 shares of the energy producer's stock valued at $717,093,000 after buying an additional 1,101,685 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COP has been the subject of several research reports. Royal Bank of Canada reissued an "outperform" rating and set a $140.00 price objective on shares of ConocoPhillips in a research note on Friday, September 13th. Susquehanna increased their price target on ConocoPhillips from $144.00 to $148.00 and gave the company a "positive" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. restated a "neutral" rating and set a $126.00 price objective (down previously from $139.00) on shares of ConocoPhillips in a report on Friday, October 11th. BMO Capital Markets lifted their target price on shares of ConocoPhillips from $123.00 to $125.00 and gave the stock an "outperform" rating in a research report on Friday, October 4th. Finally, Mizuho boosted their price target on shares of ConocoPhillips from $129.00 to $132.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $137.63.

ConocoPhillips Stock Performance

COP traded up $0.40 on Friday, hitting $112.30. The company had a trading volume of 3,989,846 shares, compared to its average volume of 5,888,730. ConocoPhillips has a 1-year low of $101.29 and a 1-year high of $135.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.30 and a quick ratio of 1.16. The company's fifty day moving average price is $108.74 and its 200 day moving average price is $111.48. The stock has a market cap of $129.25 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.92 and a beta of 1.21.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.10. The business had revenue of $13.60 billion during the quarter, compared to the consensus estimate of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. ConocoPhillips's quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.16 EPS. Equities analysts predict that ConocoPhillips will post 7.8 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 11th will be paid a $0.78 dividend. The ex-dividend date is Friday, November 8th. This is a positive change from ConocoPhillips's previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.78%. ConocoPhillips's payout ratio is presently 37.10%.

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.