Oddo BHF Asset Management Sas acquired a new stake in ConocoPhillips (NYSE:COP - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 44,625 shares of the energy producer's stock, valued at approximately $4,698,000.
A number of other institutional investors also recently modified their holdings of the business. Vicus Capital lifted its position in shares of ConocoPhillips by 3.7% in the 2nd quarter. Vicus Capital now owns 2,637 shares of the energy producer's stock worth $302,000 after purchasing an additional 94 shares during the period. Montag A & Associates Inc. boosted its position in ConocoPhillips by 2.5% during the 2nd quarter. Montag A & Associates Inc. now owns 3,900 shares of the energy producer's stock valued at $446,000 after acquiring an additional 96 shares in the last quarter. Excalibur Management Corp boosted its position in ConocoPhillips by 2.4% during the 2nd quarter. Excalibur Management Corp now owns 4,037 shares of the energy producer's stock valued at $462,000 after acquiring an additional 96 shares in the last quarter. Cypress Capital Group raised its position in shares of ConocoPhillips by 0.5% in the 3rd quarter. Cypress Capital Group now owns 18,790 shares of the energy producer's stock worth $1,978,000 after acquiring an additional 96 shares in the last quarter. Finally, Bank OZK lifted its stake in shares of ConocoPhillips by 1.6% during the 2nd quarter. Bank OZK now owns 6,251 shares of the energy producer's stock worth $715,000 after purchasing an additional 97 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.
ConocoPhillips Price Performance
Shares of COP stock traded up $0.11 during trading hours on Friday, hitting $101.02. 6,885,312 shares of the company's stock were exchanged, compared to its average volume of 6,018,133. ConocoPhillips has a fifty-two week low of $100.58 and a fifty-two week high of $135.18. The firm has a market cap of $116.26 billion, a P/E ratio of 12.00, a P/E/G ratio of 0.84 and a beta of 1.18. The company has a quick ratio of 1.16, a current ratio of 1.30 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $108.03 and a two-hundred day moving average of $109.85.
ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.10. The business had revenue of $13.60 billion during the quarter, compared to analysts' expectations of $13.97 billion. ConocoPhillips had a net margin of 17.29% and a return on equity of 19.53%. The company's quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.16 earnings per share. Sell-side analysts forecast that ConocoPhillips will post 7.77 EPS for the current year.
ConocoPhillips Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 11th were paid a $0.78 dividend. This is an increase from ConocoPhillips's previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Friday, November 8th. ConocoPhillips's dividend payout ratio is currently 37.10%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on COP. Mizuho boosted their target price on shares of ConocoPhillips from $129.00 to $132.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Scotiabank decreased their target price on shares of ConocoPhillips from $120.00 to $115.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. UBS Group reduced their price target on ConocoPhillips from $153.00 to $140.00 and set a "buy" rating on the stock in a research report on Wednesday, September 18th. Barclays raised their price objective on ConocoPhillips from $135.00 to $137.00 and gave the stock an "overweight" rating in a research report on Friday, November 1st. Finally, Truist Financial decreased their price target on ConocoPhillips from $145.00 to $138.00 and set a "buy" rating for the company in a research note on Monday, September 30th. Four research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, ConocoPhillips currently has an average rating of "Moderate Buy" and a consensus price target of $139.18.
Get Our Latest Analysis on COP
About ConocoPhillips
(
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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