Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 22,256 Shares of ConocoPhillips (NYSE:COP)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in ConocoPhillips (NYSE:COP - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 275,049 shares of the energy producer's stock after buying an additional 22,256 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in ConocoPhillips were worth $27,277,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of ConocoPhillips by 19.0% in the 3rd quarter. State Street Corp now owns 66,928,793 shares of the energy producer's stock valued at $7,046,263,000 after buying an additional 10,663,093 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of ConocoPhillips by 20.2% during the 3rd quarter. Wellington Management Group LLP now owns 31,161,897 shares of the energy producer's stock worth $3,280,725,000 after purchasing an additional 5,240,016 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of ConocoPhillips by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 24,733,928 shares of the energy producer's stock valued at $2,601,639,000 after purchasing an additional 924,289 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of ConocoPhillips by 10.6% in the 4th quarter. Fisher Asset Management LLC now owns 13,780,782 shares of the energy producer's stock valued at $1,366,640,000 after purchasing an additional 1,324,771 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in ConocoPhillips by 12.5% in the third quarter. Franklin Resources Inc. now owns 13,557,351 shares of the energy producer's stock worth $1,469,163,000 after purchasing an additional 1,506,599 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

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ConocoPhillips Stock Performance

COP traded up $0.25 during trading on Tuesday, reaching $102.44. 6,556,167 shares of the company's stock were exchanged, compared to its average volume of 6,431,063. ConocoPhillips has a fifty-two week low of $86.81 and a fifty-two week high of $135.18. The company has a market capitalization of $130.34 billion, a P/E ratio of 13.15, a PEG ratio of 0.79 and a beta of 1.12. 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 business has a 50 day moving average price of $99.17 and a 200 day moving average price of $103.33.

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

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's payout ratio is presently 40.05%.

Wall Street Analyst Weigh In

COP has been the topic of several recent research reports. Morgan Stanley began coverage on ConocoPhillips in a report on Monday, December 16th. They set an "overweight" rating and a $128.00 target price on the stock. TD Cowen initiated 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. Barclays decreased their target price on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Wells Fargo & Company dropped their price target on shares of 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 shares of 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. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $133.05.

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.