Royal London Asset Management Ltd. lifted its position in ConocoPhillips (NYSE:COP - Free Report) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 651,703 shares of the energy producer's stock after purchasing an additional 62,016 shares during the period. Royal London Asset Management Ltd. owned 0.06% of ConocoPhillips worth $64,629,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of the company. First Financial Bankshares Inc increased its holdings in ConocoPhillips by 1.3% during the fourth quarter. First Financial Bankshares Inc now owns 557,149 shares of the energy producer's stock valued at $55,252,000 after buying an additional 7,104 shares during the period. Generali Investments Management Co LLC bought a new stake in ConocoPhillips during the fourth quarter valued at about $2,447,000. GM Advisory Group LLC grew its stake in ConocoPhillips by 21.1% in the fourth quarter. GM Advisory Group LLC now owns 2,508 shares of the energy producer's stock valued at $249,000 after purchasing an additional 437 shares during the last quarter. Harvest Fund Management Co. Ltd raised its holdings in ConocoPhillips by 14,262.5% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,149 shares of the energy producer's stock worth $114,000 after purchasing an additional 1,141 shares in the last quarter. Finally, Vinva Investment Management Ltd lifted its position in shares of ConocoPhillips by 10.4% during the fourth quarter. Vinva Investment Management Ltd now owns 96,300 shares of the energy producer's stock valued at $9,350,000 after buying an additional 9,062 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.
ConocoPhillips Stock Performance
Shares of COP stock traded up $0.36 on Monday, hitting $102.28. The company had a trading volume of 6,767,381 shares, compared to its average volume of 6,434,778. ConocoPhillips has a twelve month low of $86.81 and a twelve month high of $135.18. 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 firm has a market cap of $130.14 billion, a P/E ratio of 13.13, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The company has a 50-day moving average price of $99.21 and a 200-day moving average price of $103.37.
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, beating analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. As a group, equities research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.
ConocoPhillips Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio is presently 40.05%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on COP. Truist Financial lifted their price objective on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. TD Cowen assumed coverage on ConocoPhillips in a research report on Friday, January 17th. They set a "buy" rating and a $125.00 price target on the stock. 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 note on Monday, December 16th. Wells Fargo & Company decreased their price target on ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, Evercore ISI reissued an "outperform" rating and issued a $165.00 price target on shares of ConocoPhillips in a report on Friday, December 6th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $133.05.
Check Out Our Latest Report on COP
ConocoPhillips Company Profile
(
Free Report)
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.
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