ConocoPhillips (NYSE:COP) Shares Bought by Syon Capital LLC

Syon Capital LLC lifted its stake in ConocoPhillips (NYSE:COP - Free Report) by 27.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 33,403 shares of the energy producer's stock after acquiring an additional 7,207 shares during the quarter. Syon Capital LLC's holdings in ConocoPhillips were worth $3,313,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in COP. Vanguard Group Inc. increased its holdings in ConocoPhillips by 11.7% during the 4th quarter. Vanguard Group Inc. now owns 121,826,062 shares of the energy producer's stock worth $12,081,491,000 after purchasing an additional 12,751,120 shares during the period. Price T Rowe Associates Inc. MD raised its stake in ConocoPhillips by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock valued at $4,546,706,000 after buying an additional 5,549,078 shares in the last quarter. Capital International Investors lifted its holdings in ConocoPhillips by 4.9% during the 4th quarter. Capital International Investors now owns 31,287,113 shares of the energy producer's stock worth $3,101,989,000 after buying an additional 1,473,027 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of ConocoPhillips by 13.7% during the 4th quarter. Geode Capital Management LLC now owns 28,131,288 shares of the energy producer's stock worth $2,792,521,000 after acquiring an additional 3,397,360 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of ConocoPhillips by 37.1% in the 4th quarter. Invesco Ltd. now owns 15,570,246 shares of the energy producer's stock valued at $1,544,101,000 after acquiring an additional 4,211,939 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on COP shares. Barclays lowered their price target on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday. Raymond James lowered shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and cut their price target for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. TD Cowen assumed coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They issued a "buy" rating and a $125.00 price objective for the company. Scotiabank dropped their price objective on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Finally, Truist Financial upped their target price on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, ConocoPhillips has an average rating of "Moderate Buy" and an average price target of $126.89.

ConocoPhillips Price Performance

ConocoPhillips stock traded down $0.02 during midday trading on Friday, reaching $91.78. The company's stock had a trading volume of 4,736,631 shares, compared to its average volume of 7,153,968. 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 has a fifty-two week low of $79.88 and a fifty-two week high of $130.77. The firm has a market capitalization of $116.03 billion, a PE ratio of 11.78, a P/E/G ratio of 0.79 and a beta of 0.83. The stock's 50 day simple moving average is $94.56 and its 200 day simple moving average is $100.67.

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, topping analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. On average, equities research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is presently 40.05%.

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.