Stifel Financial Corp Increases Stock Position in ConocoPhillips (NYSE:COP)

Stifel Financial Corp raised its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 889,133 shares of the energy producer's stock after buying an additional 95,090 shares during the quarter. Stifel Financial Corp owned about 0.08% of ConocoPhillips worth $88,175,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of ConocoPhillips by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 121,826,062 shares of the energy producer's stock worth $12,081,491,000 after acquiring an additional 12,751,120 shares in the last quarter. Invesco Ltd. grew its holdings in shares of ConocoPhillips by 37.1% during the 4th quarter. Invesco Ltd. now owns 15,570,246 shares of the energy producer's stock valued at $1,544,101,000 after purchasing an additional 4,211,939 shares during the last quarter. Assenagon Asset Management S.A. raised its position in ConocoPhillips by 401.5% in 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 period. Geode Capital Management LLC lifted its stake in ConocoPhillips by 13.7% in the fourth quarter. Geode Capital Management LLC now owns 28,131,288 shares of the energy producer's stock worth $2,792,521,000 after purchasing an additional 3,397,360 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in ConocoPhillips during the fourth quarter valued at about $232,859,000. 82.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Scotiabank lowered their target price on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Raymond James downgraded ConocoPhillips from a "strong-buy" rating to an "outperform" rating and lowered their price objective for the company from $157.00 to $124.00 in a research report on Monday, February 10th. Royal Bank of Canada cut their target price on shares of ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. TD Cowen initiated coverage on shares of ConocoPhillips in a report on Friday, January 17th. They set a "buy" rating and a $125.00 price target for the company. Finally, Susquehanna set a $136.00 price target on shares of ConocoPhillips in a research report on Tuesday. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $126.89.

ConocoPhillips Stock Down 0.0 %

Shares of COP traded down $0.02 on Friday, reaching $91.78. The stock had a trading volume of 4,736,631 shares, compared to its average volume of 7,153,968. The company has a 50-day simple moving average of $94.56 and a 200-day simple moving average of $100.67. 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 capitalization of $116.03 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $130.77.

ConocoPhillips (NYSE:COP - Get Free Report) last released its 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 net margin of 16.23% and a return on equity of 17.26%. Sell-side analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Friday, February 14th. ConocoPhillips's payout ratio is 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.