7,135 Shares in ConocoPhillips (NYSE:COP) Purchased by GKV Capital Management Co. Inc.

GKV Capital Management Co. Inc. purchased a new position in shares of ConocoPhillips (NYSE:COP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,135 shares of the energy producer's stock, valued at approximately $708,000.

A number of other hedge funds have also modified their holdings of COP. Vanguard Group Inc. grew its position in ConocoPhillips by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 121,826,062 shares of the energy producer's stock worth $12,081,491,000 after buying an additional 12,751,120 shares in the last quarter. Geode Capital Management LLC lifted its position in ConocoPhillips by 13.7% during the 4th quarter. Geode Capital Management LLC now owns 28,131,288 shares of the energy producer's stock worth $2,792,521,000 after buying an additional 3,397,360 shares in the last quarter. Invesco Ltd. increased its position in ConocoPhillips by 37.1% in the 4th quarter. Invesco Ltd. now owns 15,570,246 shares of the energy producer's stock valued at $1,544,101,000 after acquiring an additional 4,211,939 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of ConocoPhillips by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 14,420,058 shares of the energy producer's stock valued at $1,430,034,000 after purchasing an additional 862,707 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in ConocoPhillips by 10.6% in the 4th quarter. Fisher Asset Management LLC now owns 13,780,782 shares of the energy producer's stock worth $1,366,640,000 after purchasing an additional 1,324,771 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

Shares of COP traded down $2.11 on Monday, reaching $86.87. 2,006,229 shares of the company's stock traded hands, compared to its average volume of 7,101,390. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $130.77. 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 stock's 50 day simple moving average is $95.25 and its two-hundred day simple moving average is $101.30. The stock has a market cap of $109.82 billion, a PE ratio of 11.15, a PEG ratio of 0.79 and a beta of 0.83.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. On average, analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.59%. ConocoPhillips's dividend payout ratio (DPR) is currently 40.05%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on COP shares. Royal Bank of Canada lowered their price objective on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. TD Cowen started coverage on ConocoPhillips in a report on Friday, January 17th. They set a "buy" rating and a $125.00 price objective for the company. UBS Group decreased their price objective on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Barclays lowered their price objective on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $116.00 price target on shares of ConocoPhillips in a research note on Tuesday, April 15th. Two investment 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 company. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of "Moderate Buy" and an average price target of $128.32.

ConocoPhillips 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.