Cohen & Steers Inc. Has $16.55 Million Position in ConocoPhillips (NYSE:COP)

Cohen & Steers Inc. boosted its holdings in ConocoPhillips (NYSE:COP - Free Report) by 27.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 166,882 shares of the energy producer's stock after acquiring an additional 36,022 shares during the period. Cohen & Steers Inc.'s holdings in ConocoPhillips were worth $16,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Orrstown Financial Services Inc. grew its stake in shares of ConocoPhillips by 3.0% in the 4th quarter. Orrstown Financial Services Inc. now owns 3,342 shares of the energy producer's stock valued at $331,000 after purchasing an additional 96 shares during the period. Principle Wealth Partners LLC boosted its stake in ConocoPhillips by 0.3% in the 4th quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock valued at $3,695,000 after buying an additional 100 shares in the last quarter. Arlington Trust Co LLC grew its position in ConocoPhillips by 1.2% in the fourth quarter. Arlington Trust Co LLC now owns 8,640 shares of the energy producer's stock valued at $857,000 after acquiring an additional 102 shares during the period. Courier Capital LLC raised its stake in ConocoPhillips by 0.5% during the fourth quarter. Courier Capital LLC now owns 20,481 shares of the energy producer's stock worth $2,031,000 after acquiring an additional 103 shares in the last quarter. Finally, Gray Wealth Management Inc. lifted its holdings in shares of ConocoPhillips by 5.0% during the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock valued at $215,000 after acquiring an additional 104 shares during the period. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COP. Raymond James lowered shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Scotiabank cut their price objective on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research report on Friday. TD Cowen began coverage on ConocoPhillips in a research note on Friday, January 17th. They issued a "buy" rating and a $125.00 price objective on the stock. Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and raised their target price for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Finally, Wells Fargo & Company reduced their price target on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a research report on Tuesday. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $128.32.

ConocoPhillips Trading Down 0.9 %

NYSE COP traded down $0.76 on Tuesday, reaching $85.69. The company had a trading volume of 5,739,237 shares, compared to its average volume of 7,070,392. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $130.80. The stock's 50 day moving average is $96.24 and its 200-day moving average is $101.91. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock has a market cap of $108.33 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 0.79 and a beta of 0.83.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Equities analysts predict 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. Shareholders of record on Monday, February 17th were issued a $0.78 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.64%. ConocoPhillips's dividend payout ratio (DPR) is presently 40.05%.

ConocoPhillips 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.