Rathbones Group PLC Has $1.99 Million Position in ConocoPhillips (NYSE:COP)

Rathbones Group PLC trimmed its stake in ConocoPhillips (NYSE:COP - Free Report) by 32.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,108 shares of the energy producer's stock after selling 9,649 shares during the period. Rathbones Group PLC's holdings in ConocoPhillips were worth $1,994,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Albion Financial Group UT lifted its position in ConocoPhillips by 876.9% in the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock worth $25,000 after purchasing an additional 228 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of ConocoPhillips during the 4th quarter worth about $26,000. Centricity Wealth Management LLC acquired a new stake in shares of ConocoPhillips during the 4th quarter valued at about $27,000. Crowley Wealth Management Inc. bought a new stake in ConocoPhillips in the fourth quarter valued at about $32,000. Finally, Marshall Investment Management LLC acquired a new position in ConocoPhillips in the fourth quarter worth about $36,000. Institutional investors own 82.36% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price objective on ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Piper Sandler dropped their price objective on ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. Mizuho upgraded shares of ConocoPhillips from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Barclays dropped their target price on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Finally, Raymond James lowered shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and reduced their price target 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 given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $130.79.

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ConocoPhillips Trading Up 3.7 %

Shares of NYSE:COP traded up $3.07 during trading on Friday, hitting $86.36. 9,231,132 shares of the company's stock were exchanged, compared to its average volume of 7,066,449. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $132.61. The firm has a market cap of $109.17 billion, a P/E ratio of 11.09, a PEG ratio of 0.79 and a beta of 0.83. 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 50-day moving average price of $96.51 and a two-hundred day moving average price of $102.04.

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

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a dividend of $0.78 per share. The ex-dividend date was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.61%. ConocoPhillips's payout ratio 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.