ConocoPhillips (NYSE:COP) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,021,394 shares of the energy producer's stock after acquiring an additional 1,078,707 shares during the quarter. Dimensional Fund Advisors LP owned about 1.04% of ConocoPhillips worth $1,191,984,000 at the end of the most recent quarter.

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

ConocoPhillips Stock Performance

COP stock traded up $0.87 during midday trading on Wednesday, reaching $90.63. The stock had a trading volume of 4,331,650 shares, compared to its average volume of 7,112,947. 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 52-week low of $79.88 and a 52-week high of $130.77. The stock has a market cap of $114.57 billion, a PE ratio of 11.63, a P/E/G ratio of 0.79 and a beta of 0.83. The firm has a fifty day simple moving average of $94.89 and a two-hundred day simple moving average of $101.03.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping 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%. As a group, equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.78 per share. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.44%. ConocoPhillips's dividend payout ratio is presently 40.05%.

Analysts Set New Price Targets

COP has been the topic of several research reports. Barclays reduced their target price on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Morgan Stanley reaffirmed an "overweight" rating and set a $116.00 target price on shares of ConocoPhillips in a research note on Tuesday, April 15th. Royal Bank of Canada decreased their price objective on shares of ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 14th. TD Cowen started coverage on ConocoPhillips in a research report on Friday, January 17th. They set a "buy" rating and a $125.00 price target on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Two equities research 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $127.68.

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.