Huber Capital Management LLC lessened its holdings in ConocoPhillips (NYSE:COP - Free Report) by 32.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,700 shares of the energy producer's stock after selling 4,700 shares during the period. Huber Capital Management LLC's holdings in ConocoPhillips were worth $962,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Uniting Wealth Partners LLC acquired a new position in ConocoPhillips during the fourth quarter worth approximately $452,000. Pitcairn Co. boosted its holdings in ConocoPhillips by 16.8% in the fourth quarter. Pitcairn Co. now owns 16,417 shares of the energy producer's stock valued at $1,628,000 after acquiring an additional 2,356 shares during the last quarter. ExodusPoint Capital Management LP boosted its holdings in ConocoPhillips by 79.5% in the fourth quarter. ExodusPoint Capital Management LP now owns 748,450 shares of the energy producer's stock valued at $74,224,000 after acquiring an additional 331,558 shares during the last quarter. Arete Wealth Advisors LLC increased its stake in ConocoPhillips by 27.0% during the fourth quarter. Arete Wealth Advisors LLC now owns 15,500 shares of the energy producer's stock worth $1,535,000 after acquiring an additional 3,296 shares during the last quarter. Finally, World Investment Advisors raised its holdings in shares of ConocoPhillips by 10.0% in the 4th quarter. World Investment Advisors now owns 48,332 shares of the energy producer's stock worth $4,793,000 after purchasing an additional 4,404 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.
ConocoPhillips Price Performance
Shares of NYSE COP traded down $9.07 during mid-day trading on Friday, reaching $86.18. The company had a trading volume of 15,154,674 shares, compared to its average volume of 6,885,837. The company has a 50-day moving average price of $98.53 and a two-hundred day moving average price of $103.10. The stock has a market cap of $108.95 billion, a PE ratio of 11.06, a P/E/G ratio of 0.79 and a beta of 0.83. ConocoPhillips has a 1-year low of $85.55 and a 1-year high of $135.18. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.
ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share 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%. On average, equities analysts anticipate 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. Stockholders of record on Monday, February 17th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio is currently 40.05%.
Wall Street Analyst Weigh In
COP has been the topic of a number of research reports. UBS Group cut their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Barclays lowered their target price on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $132.00 to $134.00 in a research note on Monday, December 16th. TD Cowen began coverage on ConocoPhillips in a report on Friday, January 17th. They set a "buy" rating and a $125.00 price objective on the stock. Finally, JPMorgan Chase & Co. reduced their target price on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $132.95.
Check Out Our Latest Stock Analysis on COP
About ConocoPhillips
(
Free Report)
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.
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