Tortoise Capital Advisors L.L.C. Sells 26,711 Shares of ConocoPhillips (NYSE:COP)

Tortoise Capital Advisors L.L.C. lowered its stake in ConocoPhillips (NYSE:COP - Free Report) by 22.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,961 shares of the energy producer's stock after selling 26,711 shares during the period. Tortoise Capital Advisors L.L.C.'s holdings in ConocoPhillips were worth $9,120,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Albion Financial Group UT grew its holdings in shares of ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in ConocoPhillips in the 4th quarter worth about $26,000. Centricity Wealth Management LLC purchased a new stake in shares of ConocoPhillips during the 4th quarter worth about $27,000. Crowley Wealth Management Inc. bought a new stake in shares of ConocoPhillips in the 4th quarter valued at approximately $32,000. Finally, Global Wealth Strategies & Associates raised its holdings in shares of ConocoPhillips by 80.5% during the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock valued at $34,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Up 2.0 %

Shares of COP stock traded up $1.77 on Thursday, hitting $91.70. 3,160,511 shares of the stock were exchanged, compared to its average volume of 7,123,678. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $115.92 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $130.77. The business has a 50-day moving average of $94.76 and a 200 day moving average of $100.95.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Equities analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a $0.78 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.40%. ConocoPhillips's dividend payout ratio is 40.05%.

Analysts Set New Price Targets

A number of brokerages have issued reports on COP. Wells Fargo & Company decreased their target price on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Barclays cut their target price on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday. Susquehanna set a $136.00 target price on ConocoPhillips in a report on Tuesday. The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $126.89.

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.