Qtron Investments LLC Buys 9,902 Shares of ConocoPhillips (NYSE:COP)

Qtron Investments LLC grew its position in ConocoPhillips (NYSE:COP - Free Report) by 67.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,539 shares of the energy producer's stock after buying an additional 9,902 shares during the period. Qtron Investments LLC's holdings in ConocoPhillips were worth $2,434,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Albion Financial Group UT grew its position in shares of ConocoPhillips by 876.9% in the 4th 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 acquired a new stake in ConocoPhillips during the 4th quarter worth approximately $26,000. Centricity Wealth Management LLC bought a new position in ConocoPhillips during the 4th quarter worth approximately $27,000. Crowley Wealth Management Inc. bought a new stake in shares of ConocoPhillips in the 4th quarter valued at $32,000. Finally, Global Wealth Strategies & Associates raised its holdings in shares of ConocoPhillips by 80.5% in the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock worth $34,000 after acquiring an additional 153 shares during the last quarter. Institutional investors own 82.36% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on COP. Morgan Stanley reaffirmed an "overweight" rating and set a $116.00 price objective on shares of ConocoPhillips in a report on Tuesday. UBS Group decreased their price target on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research note on Tuesday. Piper Sandler decreased their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. Barclays cut their target price on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, ConocoPhillips currently has a consensus rating of "Moderate Buy" and a consensus price target of $128.32.

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ConocoPhillips Stock Performance

Shares of COP stock traded up $2.50 on Wednesday, hitting $88.22. 2,170,318 shares of the stock were exchanged, compared to its average volume of 8,719,839. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $111.52 billion, a PE ratio of 11.32, a P/E/G ratio of 0.79 and a beta of 0.83. ConocoPhillips has a one year low of $79.88 and a one year high of $130.77. The firm's 50 day moving average is $95.95 and its two-hundred day moving average is $101.80.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping 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%. Sell-side analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.54%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is 40.05%.

ConocoPhillips 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.