Flossbach Von Storch SE Cuts Stake in ConocoPhillips (NYSE:COP)

Flossbach Von Storch SE lessened its holdings in ConocoPhillips (NYSE:COP - Free Report) by 16.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 223,128 shares of the energy producer's stock after selling 44,196 shares during the quarter. Flossbach Von Storch SE's holdings in ConocoPhillips were worth $22,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Albion Financial Group UT increased its holdings in ConocoPhillips by 876.9% during the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock worth $25,000 after buying an additional 228 shares during the last quarter. Values First Advisors Inc. bought a new position in shares of ConocoPhillips during the 3rd quarter valued at approximately $26,000. Reston Wealth Management LLC purchased a new stake in shares of ConocoPhillips during the 3rd quarter worth approximately $31,000. Truvestments Capital LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter worth approximately $31,000. Finally, Global Wealth Strategies & Associates grew its holdings in ConocoPhillips by 80.5% during the fourth 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 during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director R A. Walker bought 10,400 shares of the stock in a transaction on Tuesday, December 17th. The shares were bought at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the acquisition, the director now owns 38,000 shares in the company, valued at $3,716,400. The trade was a 37.68 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Arjun N. Murti purchased 2,500 shares of the business's stock in a transaction on Friday, December 20th. The shares were purchased at an average price of $95.87 per share, with a total value of $239,675.00. Following the completion of the purchase, the director now owns 21,500 shares in the company, valued at approximately $2,061,205. This trade represents a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

ConocoPhillips Stock Down 4.0 %

Shares of COP traded down $4.10 during trading hours on Friday, hitting $97.90. The company had a trading volume of 4,889,560 shares, compared to its average volume of 6,645,845. The stock has a market capitalization of $124.57 billion, a price-to-earnings ratio of 12.57, a P/E/G ratio of 0.78 and a beta of 1.18. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a 52-week low of $94.23 and a 52-week high of $135.18. The firm has a fifty day moving average price of $100.17 and a 200-day moving average price of $105.48.

ConocoPhillips (NYSE:COP - Get Free Report) last posted 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 net margin of 16.23% and a return on equity of 17.26%. On average, equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, February 14th. ConocoPhillips's dividend payout ratio is currently 40.05%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on COP. Barclays reduced their target price on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. JPMorgan Chase & Co. upgraded ConocoPhillips from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $120.00 to $123.00 in a research note on Thursday, December 5th. UBS Group dropped their price objective on ConocoPhillips from $140.00 to $137.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. TD Cowen started coverage on ConocoPhillips in a report on Friday, January 17th. They set a "buy" rating and a $125.00 target price for the company. Finally, Susquehanna increased their price target on shares of ConocoPhillips from $144.00 to $148.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Two investment 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $133.56.

ConocoPhillips Company 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.