ConocoPhillips (NYSE:COP) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. grew its position in ConocoPhillips (NYSE:COP - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,420,058 shares of the energy producer's stock after acquiring an additional 862,707 shares during the period. Franklin Resources Inc. owned about 1.25% of ConocoPhillips worth $1,430,034,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in COP. Albion Financial Group UT grew its stake 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 worth $25,000 after purchasing an additional 228 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in ConocoPhillips during the fourth quarter worth about $26,000. Centricity Wealth Management LLC purchased a new position in ConocoPhillips in the fourth quarter valued at about $27,000. Crowley Wealth Management Inc. acquired a new stake in shares of ConocoPhillips during the 4th quarter valued at approximately $32,000. Finally, Global Wealth Strategies & Associates boosted its stake 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 worth $34,000 after acquiring an additional 153 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COP has been the subject of several research reports. Evercore ISI reaffirmed an "outperform" rating and set a $165.00 price objective on shares of ConocoPhillips in a report on Friday, December 6th. Truist Financial increased their price objective on shares of ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research note on Monday, January 13th. The Goldman Sachs Group set a $132.00 price target on shares of ConocoPhillips in a report on Thursday, January 30th. Raymond James downgraded ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their price target for the stock from $157.00 to $124.00 in a research report on Monday, February 10th. Finally, UBS Group reduced their price objective on ConocoPhillips from $140.00 to $137.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips currently has an average rating of "Moderate Buy" and a consensus price target of $132.95.

Remove Ads

ConocoPhillips Stock Up 0.3 %

COP traded up $0.33 on Tuesday, reaching $105.35. The company's stock had a trading volume of 6,809,304 shares, compared to its average volume of 6,781,207. ConocoPhillips has a 1 year low of $86.81 and a 1 year high of $135.18. The business's 50 day moving average is $98.94 and its 200 day moving average is $103.29. 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 stock has a market cap of $134.05 billion, a price-to-earnings ratio of 13.52, a price-to-earnings-growth 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 earnings per share for the quarter, topping the consensus estimate 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 forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 2.96%. 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.