Prudential PLC Has $1.88 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Prudential PLC increased its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 149.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,924 shares of the energy producer's stock after buying an additional 11,345 shares during the period. Prudential PLC's holdings in ConocoPhillips were worth $1,877,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Albion Financial Group UT lifted its stake in shares of ConocoPhillips by 876.9% during the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after acquiring an additional 228 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in ConocoPhillips during the 4th quarter worth about $26,000. Centricity Wealth Management LLC acquired a new position in ConocoPhillips during the 4th quarter valued at about $27,000. Crowley Wealth Management Inc. bought a new position in shares of ConocoPhillips in the 4th quarter valued at about $32,000. Finally, Global Wealth Strategies & Associates grew its position in shares of ConocoPhillips by 80.5% during the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock worth $34,000 after buying an additional 153 shares during the period. Institutional investors own 82.36% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COP. The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research note on Thursday, January 30th. Piper Sandler reduced their price target on ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. Barclays decreased their price objective on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Truist Financial increased their target price on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $132.00 to $134.00 in a research report on Monday, December 16th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, ConocoPhillips presently has a consensus rating of "Moderate Buy" and an average price target of $131.84.

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ConocoPhillips Stock Down 0.6 %

COP stock traded down $0.56 during trading hours on Monday, reaching $85.74. 12,868,881 shares of the stock were exchanged, compared to its average volume of 6,909,675. The firm's 50-day moving average is $98.19 and its 200-day moving average is $102.89. ConocoPhillips has a 12 month low of $81.34 and a 12 month high of $135.18. The company has a market cap of $108.38 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14.

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

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio 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.