Kentucky Retirement Systems Increases Holdings in ConocoPhillips (NYSE:COP)

Kentucky Retirement Systems raised its stake in ConocoPhillips (NYSE:COP - Free Report) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,602 shares of the energy producer's stock after buying an additional 8,703 shares during the period. Kentucky Retirement Systems' holdings in ConocoPhillips were worth $8,886,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. One Day In July LLC increased its holdings in shares of ConocoPhillips by 11.3% in the 4th quarter. One Day In July LLC now owns 2,618 shares of the energy producer's stock worth $260,000 after buying an additional 266 shares during the last quarter. Cromwell Holdings LLC grew its holdings in shares of ConocoPhillips by 14.5% during the 4th quarter. Cromwell Holdings LLC now owns 4,149 shares of the energy producer's stock valued at $411,000 after purchasing an additional 526 shares during the last quarter. Mattern Capital Management LLC grew its holdings in shares of ConocoPhillips by 6.3% during the 4th quarter. Mattern Capital Management LLC now owns 8,119 shares of the energy producer's stock valued at $805,000 after purchasing an additional 482 shares during the last quarter. ING Groep NV grew its holdings in shares of ConocoPhillips by 642.4% during the 4th quarter. ING Groep NV now owns 270,234 shares of the energy producer's stock valued at $26,799,000 after purchasing an additional 233,833 shares during the last quarter. Finally, Boston Financial Mangement LLC grew its holdings in shares of ConocoPhillips by 31.7% during the 4th quarter. Boston Financial Mangement LLC now owns 4,469 shares of the energy producer's stock valued at $443,000 after purchasing an additional 1,075 shares during the last quarter. Institutional investors own 82.36% of the company's stock.

Insider Activity at ConocoPhillips

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

ConocoPhillips Trading Down 4.0 %

Shares of NYSE:COP traded down $4.10 on Friday, hitting $97.90. The company had a trading volume of 8,561,843 shares, compared to its average volume of 6,781,136. The firm's 50-day simple moving average is $100.17 and its two-hundred day simple moving average is $105.48. ConocoPhillips has a 1 year low of $94.23 and a 1 year high of $135.18. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The firm 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.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS 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%. Equities analysts anticipate 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 will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be given a dividend of $0.78 per share. The ex-dividend date is Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.19%. ConocoPhillips's dividend payout ratio (DPR) is currently 40.05%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Truist Financial increased their target price on shares of ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a report on Monday, January 13th. Morgan Stanley assumed coverage on shares of ConocoPhillips in a report on Monday, December 16th. They set an "overweight" rating and a $128.00 target price on the stock. TD Cowen assumed coverage on shares of ConocoPhillips in a report on Friday, January 17th. They set a "buy" rating and a $125.00 target price on the stock. Evercore ISI reaffirmed an "outperform" rating and set a $165.00 target price on shares of ConocoPhillips in a report on Friday, December 6th. Finally, Mizuho raised shares of ConocoPhillips from a "neutral" rating to an "outperform" rating and increased their price target for the company from $132.00 to $134.00 in a research report on Monday, December 16th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $133.56.

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.