Ossiam Trims Stake in ConocoPhillips (NYSE:COP)

Ossiam lowered its holdings in ConocoPhillips (NYSE:COP - Free Report) by 99.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,266 shares of the energy producer's stock after selling 478,858 shares during the period. Ossiam's holdings in ConocoPhillips were worth $225,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Morse Asset Management Inc bought a new stake in ConocoPhillips during the 3rd quarter worth approximately $805,000. Anchor Investment Management LLC increased its stake in ConocoPhillips by 5.5% in the 3rd quarter. Anchor Investment Management LLC now owns 11,322 shares of the energy producer's stock worth $1,192,000 after acquiring an additional 589 shares during the last quarter. Fulcrum Equity Management boosted its position in shares of ConocoPhillips by 24.1% during the 3rd quarter. Fulcrum Equity Management now owns 5,939 shares of the energy producer's stock valued at $625,000 after acquiring an additional 1,155 shares during the last quarter. World Investment Advisors LLC grew its holdings in shares of ConocoPhillips by 746.7% during the third quarter. World Investment Advisors LLC now owns 43,928 shares of the energy producer's stock worth $4,625,000 after purchasing an additional 38,740 shares in the last quarter. Finally, Arvest Bank Trust Division bought a new position in shares of ConocoPhillips in the third quarter worth approximately $11,549,000. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Trading Down 0.0 %

Shares of ConocoPhillips stock 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 7,140,070. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $130.77. The firm has a market cap of $116.03 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock's fifty day moving average is $94.67 and its 200 day moving average is $100.80.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, equities research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

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. This represents a $3.12 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's payout ratio is currently 40.05%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Morgan Stanley reiterated an "overweight" rating and set a $116.00 target price on shares of ConocoPhillips in a research report on Tuesday, April 15th. The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a research note on Thursday, January 30th. Truist Financial upped their price objective on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Royal Bank of Canada decreased their price objective on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, Wells Fargo & Company cut their target price on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, ConocoPhillips presently has an average rating of "Moderate Buy" and a consensus price target of $126.89.

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.