Applied Finance Capital Management LLC Has $22.66 Million Holdings in ConocoPhillips (NYSE:COP)

Applied Finance Capital Management LLC grew its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 228,503 shares of the energy producer's stock after buying an additional 3,608 shares during the period. Applied Finance Capital Management LLC's holdings in ConocoPhillips were worth $22,661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Tidal Investments LLC boosted its holdings in ConocoPhillips by 42.7% in the third quarter. Tidal Investments LLC now owns 103,553 shares of the energy producer's stock valued at $10,902,000 after purchasing an additional 31,011 shares in the last quarter. Leavell Investment Management Inc. boosted its holdings in shares of ConocoPhillips by 59.8% in the 4th quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock valued at $1,901,000 after buying an additional 7,174 shares in the last quarter. Brookstone Capital Management raised its stake in ConocoPhillips by 4.5% during the 4th quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock worth $878,000 after acquiring an additional 383 shares in the last quarter. Principal Financial Group Inc. lifted its position in ConocoPhillips by 2.3% in the third quarter. Principal Financial Group Inc. now owns 1,474,270 shares of the energy producer's stock valued at $155,211,000 after acquiring an additional 32,948 shares during the last quarter. Finally, Fiduciary Alliance LLC boosted its stake in ConocoPhillips by 13.6% in the fourth quarter. Fiduciary Alliance LLC now owns 186,535 shares of the energy producer's stock valued at $18,499,000 after acquiring an additional 22,378 shares in the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

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ConocoPhillips Stock Performance

Shares of COP stock traded up $3.07 during trading hours on Friday, reaching $86.36. The stock had a trading volume of 9,231,132 shares, compared to its average volume of 7,058,038. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The firm has a 50-day simple moving average of $96.51 and a 200-day simple moving average of $102.04. The firm has a market capitalization of $109.17 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $135.18.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) 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 analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Friday, February 14th. ConocoPhillips's payout ratio is currently 40.05%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on COP. Barclays lowered their target price on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a research note on Thursday, January 30th. Wells Fargo & Company dropped their price target on ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Finally, Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Two 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's stock. According to data from MarketBeat, ConocoPhillips currently has an average rating of "Moderate Buy" and an average price target of $130.79.

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.