Edmond DE Rothschild Holding S.A. Has $27.64 Million Stake in ConocoPhillips (NYSE:COP)

Edmond DE Rothschild Holding S.A. reduced its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 13.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 278,748 shares of the energy producer's stock after selling 43,520 shares during the quarter. Edmond DE Rothschild Holding S.A.'s holdings in ConocoPhillips were worth $27,643,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of COP. Albion Financial Group UT grew its holdings in ConocoPhillips by 876.9% during the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after purchasing an additional 228 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of ConocoPhillips during the fourth quarter worth $26,000. Centricity Wealth Management LLC acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $27,000. Crowley Wealth Management Inc. bought a new stake in shares of ConocoPhillips in the 4th quarter valued at $32,000. Finally, Global Wealth Strategies & Associates raised its stake in ConocoPhillips by 80.5% during the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock worth $34,000 after buying an additional 153 shares during the period. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Stock Down 8.9 %

NYSE COP traded down $9.39 during trading hours on Thursday, hitting $96.71. 5,482,451 shares of the company traded hands, compared to its average volume of 6,783,415. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The business's 50-day moving average is $99.02 and its 200-day moving average is $103.33. The stock has a market capitalization of $123.05 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 0.79 and a beta of 1.12. ConocoPhillips has a twelve month low of $86.81 and a twelve month high of $135.18.

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ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is presently 40.05%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on COP. Raymond James cut ConocoPhillips from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $157.00 to $124.00 in a research note on Monday, February 10th. Wells Fargo & Company decreased their price objective on ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Barclays dropped their target price on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Morgan Stanley reduced their price target on shares of ConocoPhillips from $131.00 to $126.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. Finally, UBS Group dropped their price objective on shares of ConocoPhillips from $140.00 to $137.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $132.95.

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.