Sciencast Management LP Grows Holdings in ConocoPhillips (NYSE:COP)

Sciencast Management LP boosted its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 56.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,667 shares of the energy producer's stock after acquiring an additional 11,027 shares during the period. ConocoPhillips comprises 0.8% of Sciencast Management LP's portfolio, making the stock its 24th largest holding. Sciencast Management LP's holdings in ConocoPhillips were worth $3,041,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Albion Financial Group UT raised 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 worth $25,000 after purchasing an additional 228 shares during the last quarter. Centricity Wealth Management LLC purchased a new position in ConocoPhillips during the fourth quarter worth $27,000. Truvestments Capital LLC acquired a new position in shares of ConocoPhillips in the third quarter worth $31,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of ConocoPhillips in the third quarter valued at $35,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of ConocoPhillips during the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on COP. Morgan Stanley began coverage on shares of ConocoPhillips in a report on Monday, December 16th. They issued an "overweight" rating and a $128.00 target price on the stock. JPMorgan Chase & Co. reduced their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. TD Cowen started coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They set a "buy" rating and a $125.00 target price on the stock. The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a report on Thursday, January 30th. Finally, Barclays lowered their price objective on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Two research 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. Based on data from MarketBeat, ConocoPhillips currently has an average rating of "Moderate Buy" and an average price target of $133.05.

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ConocoPhillips Trading Up 0.6 %

COP traded up $0.60 during trading on Wednesday, hitting $103.15. 7,168,167 shares of the company's stock were exchanged, compared to its average volume of 6,429,379. ConocoPhillips has a 1 year low of $86.81 and a 1 year high of $135.18. The stock has a 50 day moving average price of $99.12 and a 200 day moving average price of $103.31. The firm has a market cap of $131.25 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. 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 (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 3.02%. ConocoPhillips's payout ratio is currently 40.05%.

ConocoPhillips Company 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.