Schroder Investment Management Group Reduces Position in ConocoPhillips (NYSE:COP)

Schroder Investment Management Group cut its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 9.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,469,962 shares of the energy producer's stock after selling 250,938 shares during the period. Schroder Investment Management Group owned approximately 0.21% of ConocoPhillips worth $244,946,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Albion Financial Group UT boosted its position in shares of ConocoPhillips by 876.9% during 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 last quarter. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips during the fourth quarter valued at $26,000. Centricity Wealth Management LLC purchased a new position in shares of ConocoPhillips in the 4th quarter worth $27,000. Crowley Wealth Management Inc. bought a new stake in shares of ConocoPhillips in the 4th quarter worth about $32,000. Finally, Marshall Investment Management LLC bought a new stake in shares of ConocoPhillips in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Up 0.4 %

Shares of NYSE:COP traded up $0.41 during trading on Wednesday, reaching $105.80. The stock had a trading volume of 2,287,990 shares, compared to its average volume of 6,763,895. The firm's 50-day simple moving average is $98.96 and its 200 day simple moving average is $103.31. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. ConocoPhillips has a one year low of $86.81 and a one year high of $135.18. The company has a market capitalization of $134.62 billion, a P/E ratio of 13.58, a PEG ratio of 0.79 and a beta of 1.12.

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

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 2.95%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio is presently 40.05%.

Analyst Ratings Changes

COP has been the topic of several analyst reports. Piper Sandler reduced their price objective on ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. Morgan Stanley cut their target price on ConocoPhillips from $131.00 to $126.00 and set an "overweight" rating on the stock in a research report on Thursday, March 27th. JPMorgan Chase & Co. lowered their price target on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. TD Cowen began coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They set a "buy" rating and a $125.00 price objective on the stock. Finally, The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a report on Thursday, January 30th. Two 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $132.95.

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.