Stevens Capital Management LP Takes Position in ConocoPhillips (NYSE:COP)

Stevens Capital Management LP bought a new position in shares of ConocoPhillips (NYSE:COP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,038 shares of the energy producer's stock, valued at approximately $995,000.

A number of other hedge funds have also added to or reduced their stakes in COP. State Street Corp boosted its stake in shares of ConocoPhillips by 19.0% during the 3rd quarter. State Street Corp now owns 66,928,793 shares of the energy producer's stock worth $7,046,263,000 after buying an additional 10,663,093 shares during the last quarter. Wellington Management Group LLP boosted its position in ConocoPhillips by 20.2% during the third quarter. Wellington Management Group LLP now owns 31,161,897 shares of the energy producer's stock valued at $3,280,725,000 after purchasing an additional 5,240,016 shares during the last quarter. Fisher Asset Management LLC grew its stake in ConocoPhillips by 59.7% in the third quarter. Fisher Asset Management LLC now owns 12,456,011 shares of the energy producer's stock valued at $1,311,369,000 after purchasing an additional 4,656,040 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of ConocoPhillips by 401.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 4,423,611 shares of the energy producer's stock worth $438,690,000 after purchasing an additional 3,541,504 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of ConocoPhillips during the 4th quarter worth approximately $232,859,000. Institutional investors own 82.36% of the company's stock.

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ConocoPhillips Stock Performance

Shares of NYSE:COP traded up $0.25 on Tuesday, reaching $102.44. 6,555,589 shares of the company's stock were exchanged, compared to its average volume of 6,431,063. ConocoPhillips has a twelve month low of $86.81 and a twelve month high of $135.18. The company has a fifty day moving average of $99.17 and a 200-day moving average of $103.33. The company has a market capitalization of $130.34 billion, a price-to-earnings ratio of 13.15, a PEG 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 posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 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%. On average, research analysts predict 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 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 of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is presently 40.05%.

Wall Street Analysts Forecast Growth

COP has been the topic of a number of recent analyst reports. Morgan Stanley began coverage on shares of ConocoPhillips in a report on Monday, December 16th. They set an "overweight" rating and a $128.00 target price on the stock. Raymond James lowered shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Piper Sandler cut their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a report on Thursday, January 30th. Finally, Truist Financial upped their price objective on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $133.05.

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.