Savvy Advisors Inc. Boosts Stake in ConocoPhillips (NYSE:COP)

Savvy Advisors Inc. increased its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,792 shares of the energy producer's stock after buying an additional 3,654 shares during the quarter. Savvy Advisors Inc.'s holdings in ConocoPhillips were worth $1,566,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tidal Investments LLC grew its holdings in ConocoPhillips by 42.7% during the third quarter. Tidal Investments LLC now owns 103,553 shares of the energy producer's stock worth $10,902,000 after acquiring an additional 31,011 shares during the period. Leavell Investment Management Inc. grew its stake in shares of ConocoPhillips by 59.8% during the 4th quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock worth $1,901,000 after purchasing an additional 7,174 shares during the period. Brookstone Capital Management increased its holdings in shares of ConocoPhillips by 4.5% in the 4th quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock valued at $878,000 after purchasing an additional 383 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of ConocoPhillips by 2.3% in the third quarter. Principal Financial Group Inc. now owns 1,474,270 shares of the energy producer's stock valued at $155,211,000 after purchasing an additional 32,948 shares during the period. Finally, Fiduciary Alliance LLC boosted its holdings in ConocoPhillips by 13.6% during the fourth quarter. Fiduciary Alliance LLC now owns 186,535 shares of the energy producer's stock worth $18,499,000 after buying an additional 22,378 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on COP shares. JPMorgan Chase & Co. reduced their price target 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. Raymond James downgraded ConocoPhillips from a "strong-buy" rating to an "outperform" rating and decreased their target price for the stock from $157.00 to $124.00 in a research report on Monday, February 10th. The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a research note on Thursday, January 30th. Barclays lowered 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. Finally, Morgan Stanley restated an "overweight" rating and set a $116.00 target price on shares of ConocoPhillips in a research report on Tuesday. 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 stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.32.

ConocoPhillips Trading Up 0.7 %

Shares of COP traded up $0.60 during trading hours on Wednesday, hitting $86.32. The stock had a trading volume of 6,090,492 shares, compared to its average volume of 7,079,219. The company's fifty day simple moving average is $95.95 and its 200 day simple moving average is $101.80. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $130.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The firm has a market cap of $109.12 billion, a P/E ratio of 11.08, a P/E/G ratio of 0.79 and a beta of 0.83.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results 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%. Equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

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