Sei Investments Co. Increases Stock Holdings in ConocoPhillips (NYSE:COP)

Sei Investments Co. raised its holdings in ConocoPhillips (NYSE:COP - Free Report) by 22.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 750,440 shares of the energy producer's stock after purchasing an additional 140,026 shares during the quarter. Sei Investments Co. owned 0.07% of ConocoPhillips worth $74,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of COP. State Street Corp grew its position in ConocoPhillips by 19.0% in the third quarter. State Street Corp now owns 66,928,793 shares of the energy producer's stock valued at $7,046,263,000 after acquiring an additional 10,663,093 shares during the last quarter. Wellington Management Group LLP increased its position in ConocoPhillips by 20.2% during the 3rd quarter. Wellington Management Group LLP now owns 31,161,897 shares of the energy producer's stock worth $3,280,725,000 after purchasing an additional 5,240,016 shares in the last quarter. Geode Capital Management LLC lifted its stake in ConocoPhillips by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 24,733,928 shares of the energy producer's stock valued at $2,601,639,000 after purchasing an additional 924,289 shares during the last quarter. Fisher Asset Management LLC boosted its position in ConocoPhillips by 10.6% in the fourth quarter. Fisher Asset Management LLC now owns 13,780,782 shares of the energy producer's stock valued at $1,366,640,000 after buying an additional 1,324,771 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of ConocoPhillips by 12.5% during the third quarter. Franklin Resources Inc. now owns 13,557,351 shares of the energy producer's stock worth $1,469,163,000 after buying an additional 1,506,599 shares during the last quarter. Institutional investors own 82.36% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and increased their price target for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Truist Financial increased their target price on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research report on Monday, January 13th. Morgan Stanley started coverage on ConocoPhillips in a report on Monday, December 16th. They set an "overweight" rating and a $128.00 price target on the stock. Evercore ISI reiterated an "outperform" rating and issued a $165.00 price objective on shares of ConocoPhillips in a report on Friday, December 6th. Finally, The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, ConocoPhillips currently has a consensus rating of "Moderate Buy" and an average price target of $133.05.

ConocoPhillips Stock Up 0.2 %

Shares of NYSE COP traded up $0.25 during trading on Tuesday, hitting $102.44. 4,399,989 shares of the company traded hands, compared to its average volume of 6,431,063. The firm has a market capitalization of $130.34 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 0.79 and a beta of 1.12. The business's fifty day moving average is $99.17 and its 200 day moving average is $103.33. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a fifty-two week low of $86.81 and a fifty-two week high of $135.18.

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, topping 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%. Equities research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid 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 yield of 3.05%. ConocoPhillips's dividend payout ratio (DPR) is presently 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.