4,766 Shares in ConocoPhillips (NYSE:COP) Acquired by Polymer Capital Management US LLC

Polymer Capital Management US LLC bought a new stake in shares of ConocoPhillips (NYSE:COP - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 4,766 shares of the energy producer's stock, valued at approximately $473,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position 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 worth $12,081,491,000 after acquiring an additional 12,751,120 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of ConocoPhillips by 401.5% during 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 acquiring an additional 3,541,504 shares during the last quarter. Geode Capital Management LLC lifted its position in ConocoPhillips by 13.7% during the fourth quarter. Geode Capital Management LLC now owns 28,131,288 shares of the energy producer's stock worth $2,792,521,000 after acquiring an additional 3,397,360 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of ConocoPhillips in the fourth quarter valued at about $232,859,000. Finally, Franklin Resources Inc. raised its holdings in ConocoPhillips by 12.5% in the 3rd quarter. Franklin Resources Inc. now owns 13,557,351 shares of the energy producer's stock valued at $1,469,163,000 after acquiring an additional 1,506,599 shares in the last quarter. Institutional investors own 82.36% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently commented on COP shares. UBS Group dropped their price objective on shares of ConocoPhillips from $130.00 to $116.00 and set a "buy" rating for the company in a research note on Monday. Barclays reduced their price objective on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company lowered their target price on ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. The Goldman Sachs Group set a $132.00 price objective on ConocoPhillips in a research report on Thursday, January 30th. Finally, Raymond James downgraded shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $157.00 to $124.00 in a research report on Monday, February 10th. Two investment 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $131.84.

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ConocoPhillips Price Performance

NYSE:COP traded down $8.33 during midday trading on Thursday, hitting $83.18. The company had a trading volume of 8,288,968 shares, compared to its average volume of 7,000,496. The company has a market capitalization of $105.16 billion, a PE ratio of 10.59, a P/E/G 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. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $135.18. The stock's fifty day moving average price is $97.11 and its 200-day moving average price is $102.35.

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

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a $0.78 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.75%. ConocoPhillips's dividend payout ratio (DPR) is 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.