Mizuho Securities USA LLC lifted its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 62.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 122,600 shares of the energy producer's stock after purchasing an additional 47,299 shares during the period. Mizuho Securities USA LLC's holdings in ConocoPhillips were worth $12,158,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Albion Financial Group UT boosted its position in ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after buying an additional 228 shares during the last quarter. Centricity Wealth Management LLC acquired a new position in shares of ConocoPhillips in the fourth quarter worth about $27,000. Truvestments Capital LLC purchased a new position in ConocoPhillips in the third quarter valued at about $31,000. Global Wealth Strategies & Associates grew its stake in ConocoPhillips by 80.5% during the 4th 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 in the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of ConocoPhillips during the third quarter worth approximately $35,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.
ConocoPhillips Stock Performance
ConocoPhillips stock traded down $0.45 during mid-day trading on Tuesday, hitting $101.74. 2,047,205 shares of the company's stock traded hands, compared to its average volume of 6,431,063. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a one year low of $86.81 and a one year high of $135.18. The firm has a 50 day moving average price of $99.17 and a 200 day moving average price of $103.33. The company has a market cap of $129.46 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12.
ConocoPhillips (NYSE:COP - Get Free Report) last issued 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 return on equity of 17.26% and a net margin of 16.23%. On average, equities analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.
ConocoPhillips Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio is currently 40.05%.
Analyst Ratings Changes
A number of equities analysts recently commented on COP shares. Evercore ISI reiterated an "outperform" rating and issued a $165.00 price target on shares of ConocoPhillips in a research note on Friday, December 6th. JPMorgan Chase & Co. decreased their target price on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Raymond James lowered ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $157.00 to $124.00 in a research report on Monday, February 10th. Piper Sandler decreased their price objective on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating for the company in a report on Thursday, December 19th. Finally, TD Cowen began 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. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $133.05.
Read Our Latest Stock Analysis on ConocoPhillips
ConocoPhillips Profile
(
Free Report)
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.
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