Nippon Life Global Investors Americas Inc. Sells 15,120 Shares of ConocoPhillips (NYSE:COP)

Nippon Life Global Investors Americas Inc. lessened its stake in ConocoPhillips (NYSE:COP - Free Report) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,600 shares of the energy producer's stock after selling 15,120 shares during the period. Nippon Life Global Investors Americas Inc.'s holdings in ConocoPhillips were worth $16,423,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Albion Financial Group UT raised its position in shares of ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after acquiring an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips during the fourth quarter worth about $26,000. Centricity Wealth Management LLC acquired a new position in shares of ConocoPhillips during the 4th quarter worth about $27,000. Crowley Wealth Management Inc. acquired a new stake in shares of ConocoPhillips in the 4th quarter valued at approximately $32,000. Finally, Global Wealth Strategies & Associates boosted 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 worth $34,000 after acquiring an additional 153 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

Analyst Upgrades and Downgrades

COP has been the topic of a number of recent analyst reports. Scotiabank reduced their price target on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Morgan Stanley restated an "overweight" rating and issued a $116.00 price target on shares of ConocoPhillips in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price objective on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Susquehanna set a $136.00 price objective on ConocoPhillips in a research report on Tuesday. Finally, Barclays dropped their target price on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday. 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's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $126.89.

ConocoPhillips Stock Down 0.0 %

COP traded down $0.02 during trading on Friday, reaching $91.78. 4,736,631 shares of the stock were exchanged, compared to its average volume of 7,140,068. The stock's 50 day moving average price is $94.67 and its two-hundred day moving average price is $100.80. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $130.77. The stock has a market cap of $116.03 billion, a P/E ratio of 11.78, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping 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%. Equities analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio is presently 40.05%.

About ConocoPhillips

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.