ConocoPhillips (NYSE:COP) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its stake in ConocoPhillips (NYSE:COP - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,369,775 shares of the energy producer's stock after selling 504,906 shares during the quarter. American Century Companies Inc. owned about 0.12% of ConocoPhillips worth $135,841,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Albion Financial Group UT boosted its holdings in ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after purchasing an additional 228 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in ConocoPhillips in the fourth quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new position in ConocoPhillips in the third quarter worth approximately $31,000. Global Wealth Strategies & Associates increased its stake in ConocoPhillips by 80.5% during the fourth quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock worth $34,000 after acquiring an additional 153 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new stake in ConocoPhillips in the third quarter valued at $35,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analyst Upgrades and Downgrades

COP has been the subject of a number of research analyst reports. Morgan Stanley lowered their price target on ConocoPhillips from $131.00 to $126.00 and set an "overweight" rating for the company in a report on Thursday. The Goldman Sachs Group set a $132.00 price target on shares of ConocoPhillips in a research note on Thursday, January 30th. JPMorgan Chase & Co. lowered their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Evercore ISI reiterated an "outperform" rating and issued a $165.00 target price on shares of ConocoPhillips in a report on Friday, December 6th. Finally, Truist Financial upped their price target on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a research note on Monday, January 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $132.95.

Remove Ads

ConocoPhillips Stock Down 0.3 %

Shares of COP stock traded down $0.35 during trading hours on Thursday, reaching $102.86. 4,707,871 shares of the stock were exchanged, compared to its average volume of 6,428,385. ConocoPhillips has a 12-month low of $86.81 and a 12-month high of $135.18. The business's fifty day moving average is $99.08 and its two-hundred day moving average is $103.31. 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 market capitalization of $130.87 billion, a P/E ratio of 13.20, a P/E/G ratio of 0.79 and a beta of 1.12.

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, beating 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%. As a group, research analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 3.03%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is 40.05%.

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.