Mutual of America Capital Management LLC Sells 17,939 Shares of ConocoPhillips (NYSE:COP)

Mutual of America Capital Management LLC lessened its position in ConocoPhillips (NYSE:COP - Free Report) by 10.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 161,975 shares of the energy producer's stock after selling 17,939 shares during the period. Mutual of America Capital Management LLC's holdings in ConocoPhillips were worth $17,053,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Values First Advisors Inc. bought a new stake in shares of ConocoPhillips in the 3rd quarter worth $26,000. Stephens Consulting LLC increased its holdings in ConocoPhillips by 69.3% in the 2nd quarter. Stephens Consulting LLC now owns 254 shares of the energy producer's stock worth $29,000 after buying an additional 104 shares in the last quarter. Reston Wealth Management LLC purchased a new position in ConocoPhillips in the 3rd quarter worth about $31,000. Y.D. More Investments Ltd bought a new position in ConocoPhillips during the 2nd quarter valued at about $35,000. Finally, Fairway Wealth LLC boosted its holdings in shares of ConocoPhillips by 95.6% during the 2nd quarter. Fairway Wealth LLC now owns 313 shares of the energy producer's stock valued at $36,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

ConocoPhillips Price Performance

COP traded down $0.60 on Friday, hitting $112.32. 4,124,037 shares of the company's stock traded hands, compared to its average volume of 5,431,788. ConocoPhillips has a one year low of $101.29 and a one year high of $135.18. 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 firm has a market cap of $129.27 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 0.92 and a beta of 1.21. The company's 50 day simple moving average is $108.01 and its 200-day simple moving average is $111.68.

ConocoPhillips (NYSE:COP - Get Free Report) last released 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. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The firm had revenue of $13.60 billion for the quarter, compared to analysts' expectations of $13.97 billion. During the same quarter last year, the business posted $2.16 earnings per share. The company's revenue for the quarter was down 8.5% compared to the same quarter last year. As a group, research analysts anticipate that ConocoPhillips will post 7.8 EPS for the current year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 11th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, November 8th. This is an increase from ConocoPhillips's previous quarterly dividend of $0.58. ConocoPhillips's dividend payout ratio is 37.10%.

Analyst Ratings Changes

Several research firms have recently weighed in on COP. JPMorgan Chase & Co. reissued a "neutral" rating and set a $126.00 price objective (down from $139.00) on shares of ConocoPhillips in a report on Friday, October 11th. Scotiabank reduced their price objective on ConocoPhillips from $120.00 to $115.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. Royal Bank of Canada reissued an "outperform" rating and issued a $140.00 target price on shares of ConocoPhillips in a research report on Friday, September 13th. Susquehanna upped their price target on shares of ConocoPhillips from $144.00 to $148.00 and gave the company a "positive" rating in a research report on Friday, November 1st. Finally, Barclays boosted their target price on shares of ConocoPhillips from $135.00 to $137.00 and gave the company an "overweight" rating in a research report on Friday, November 1st. Six analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, ConocoPhillips presently has a consensus rating of "Moderate Buy" and a consensus target price of $137.63.

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.