Norinchukin Bank The Raises Holdings in ConocoPhillips (NYSE:COP)

Norinchukin Bank The increased its holdings in ConocoPhillips (NYSE:COP - Free Report) by 30.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 70,474 shares of the energy producer's stock after purchasing an additional 16,589 shares during the period. Norinchukin Bank The's holdings in ConocoPhillips were worth $6,989,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of ConocoPhillips by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 121,826,062 shares of the energy producer's stock valued at $12,081,491,000 after acquiring an additional 12,751,120 shares in the last quarter. Invesco Ltd. raised its holdings in ConocoPhillips by 37.1% in the 4th quarter. Invesco Ltd. now owns 15,570,246 shares of the energy producer's stock worth $1,544,101,000 after purchasing an additional 4,211,939 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of ConocoPhillips by 401.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 4,423,611 shares of the energy producer's stock worth $438,690,000 after purchasing an additional 3,541,504 shares during the period. Geode Capital Management LLC lifted its position in shares of ConocoPhillips by 13.7% in 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 purchasing an additional 3,397,360 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of ConocoPhillips during the 4th quarter valued at about $232,859,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on COP shares. Susquehanna set a $136.00 price objective on shares of ConocoPhillips in a report on Tuesday. Morgan Stanley restated an "overweight" rating and issued a $116.00 target price on shares of ConocoPhillips in a research note on Tuesday, April 15th. Wells Fargo & Company lowered their price objective on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Raymond James lowered shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their price objective for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Finally, TD Cowen began coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They set a "buy" rating and a $125.00 target price for the company. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, ConocoPhillips currently has an average rating of "Moderate Buy" and a consensus price target of $127.68.

ConocoPhillips Price Performance

ConocoPhillips stock traded up $0.34 during mid-day trading on Wednesday, hitting $90.10. The stock had a trading volume of 4,597,506 shares, compared to its average volume of 7,113,682. The firm has a market capitalization of $113.90 billion, a P/E ratio of 11.57, a P/E/G ratio of 0.79 and a beta of 0.83. 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 firm's 50 day moving average is $94.89 and its 200 day moving average is $101.03. ConocoPhillips has a one year low of $79.88 and a one year high of $130.77.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly 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%. On average, sell-side analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders 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 3.46%. ConocoPhillips's dividend payout ratio (DPR) 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.