ConocoPhillips (NYSE:COP) Position Increased by Geode Capital Management LLC

Geode Capital Management LLC boosted its holdings in ConocoPhillips (NYSE:COP - Free Report) by 3.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 24,733,928 shares of the energy producer's stock after buying an additional 924,289 shares during the period. Geode Capital Management LLC owned approximately 2.15% of ConocoPhillips worth $2,601,639,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Alpha DNA Investment Management LLC raised its stake in shares of ConocoPhillips by 83.8% during the second quarter. Alpha DNA Investment Management LLC now owns 16,427 shares of the energy producer's stock valued at $1,879,000 after purchasing an additional 7,490 shares during the period. Prospera Financial Services Inc lifted its holdings in ConocoPhillips by 23.6% in the 3rd quarter. Prospera Financial Services Inc now owns 71,097 shares of the energy producer's stock worth $7,488,000 after buying an additional 13,595 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in ConocoPhillips by 1.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,489,514 shares of the energy producer's stock valued at $262,094,000 after buying an additional 46,621 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of ConocoPhillips by 5,422.3% during the third quarter. Pacer Advisors Inc. now owns 4,587,729 shares of the energy producer's stock valued at $482,996,000 after acquiring an additional 4,504,653 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of ConocoPhillips by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 7,096,450 shares of the energy producer's stock worth $747,114,000 after acquiring an additional 153,944 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Price Performance

COP traded down $0.80 on Tuesday, reaching $102.36. The company had a trading volume of 5,497,043 shares, compared to its average volume of 6,006,270. The company has a market capitalization of $117.81 billion, a P/E ratio of 12.17, a PEG ratio of 0.85 and a beta of 1.18. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. The company has a fifty day moving average of $108.57 and a 200-day moving average of $110.07. ConocoPhillips has a one year low of $101.29 and a one year high of $135.18.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.10. The business had revenue of $13.60 billion during the quarter, compared to analysts' expectations of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The business's revenue was down 8.5% on a year-over-year basis. During the same period last year, the firm posted $2.16 earnings per share. As a group, equities research analysts anticipate that ConocoPhillips will post 7.76 earnings per share for the current year.

ConocoPhillips Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.05%. This is a boost from ConocoPhillips's previous quarterly dividend of $0.58. The ex-dividend date was Friday, November 8th. ConocoPhillips's dividend payout ratio (DPR) is presently 37.10%.

Analysts Set New Price Targets

A number of brokerages have weighed in on COP. Royal Bank of Canada restated an "outperform" rating and set a $140.00 price objective on shares of ConocoPhillips in a research note on Friday, September 13th. BMO Capital Markets lifted their price target on shares of ConocoPhillips from $123.00 to $125.00 and gave the stock an "outperform" rating in a research note on Friday, October 4th. Mizuho increased their price objective on shares of ConocoPhillips from $129.00 to $132.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. JPMorgan Chase & Co. raised shares of ConocoPhillips from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $120.00 to $123.00 in a research report on Thursday, December 5th. Finally, Susquehanna lifted their price target on ConocoPhillips from $144.00 to $148.00 and gave the stock a "positive" rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, ConocoPhillips has a consensus rating of "Moderate Buy" and an average target price of $139.18.

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.