ConocoPhillips (NYSE:COP) Stake Lifted by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its holdings in ConocoPhillips (NYSE:COP - Free Report) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 299,089 shares of the energy producer's stock after purchasing an additional 15,797 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in ConocoPhillips were worth $29,661,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in shares of ConocoPhillips by 42.7% during the 3rd quarter. Tidal Investments LLC now owns 103,553 shares of the energy producer's stock worth $10,902,000 after acquiring an additional 31,011 shares during the period. Leavell Investment Management Inc. raised its stake in ConocoPhillips by 59.8% during the fourth quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock worth $1,901,000 after purchasing an additional 7,174 shares during the period. Brookstone Capital Management boosted its holdings in shares of ConocoPhillips by 4.5% in the 4th quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock valued at $878,000 after purchasing an additional 383 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of ConocoPhillips by 2.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,474,270 shares of the energy producer's stock valued at $155,211,000 after buying an additional 32,948 shares during the period. Finally, Fiduciary Alliance LLC boosted its holdings in ConocoPhillips by 13.6% in the fourth quarter. Fiduciary Alliance LLC now owns 186,535 shares of the energy producer's stock valued at $18,499,000 after acquiring an additional 22,378 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

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ConocoPhillips Stock Performance

Shares of NYSE COP traded up $0.33 during trading on Tuesday, reaching $105.35. The stock had a trading volume of 6,809,004 shares, compared to its average volume of 6,766,344. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The stock has a market cap of $134.05 billion, a PE ratio of 13.52, a P/E/G ratio of 0.79 and a beta of 1.12. ConocoPhillips has a one year low of $86.81 and a one year high of $135.18. The firm's 50 day moving average price is $98.94 and its two-hundred day moving average price is $103.29.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating 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, research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 2.96%. ConocoPhillips's dividend payout ratio (DPR) is 40.05%.

Analyst Ratings Changes

COP has been the subject of several research analyst reports. Truist Financial upped their price target on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. dropped their target price on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company reduced their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. TD Cowen assumed coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They issued a "buy" rating and a $125.00 price objective for the company. Finally, UBS Group reduced their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $132.95.

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.