Syntax Research Inc. Sells 9,723 Shares of ConocoPhillips (NYSE:COP)

Syntax Research Inc. cut its position in ConocoPhillips (NYSE:COP - Free Report) by 31.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,004 shares of the energy producer's stock after selling 9,723 shares during the quarter. ConocoPhillips comprises 1.5% of Syntax Research Inc.'s investment portfolio, making the stock its 26th biggest position. Syntax Research Inc.'s holdings in ConocoPhillips were worth $2,083,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Albion Financial Group UT increased its holdings in shares of ConocoPhillips by 876.9% in the fourth 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 period. Centricity Wealth Management LLC purchased a new position in ConocoPhillips during the fourth quarter worth about $27,000. Truvestments Capital LLC bought a new position in ConocoPhillips in the 3rd quarter worth about $31,000. Crowley Wealth Management Inc. bought a new position in ConocoPhillips in the 4th quarter worth about $32,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of ConocoPhillips in the 3rd quarter valued at about $35,000. 82.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on COP shares. UBS Group cut their price objective on ConocoPhillips from $140.00 to $137.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Evercore ISI reissued an "outperform" rating and issued a $165.00 price target on shares of ConocoPhillips in a research note on Friday, December 6th. Barclays lowered their price objective on shares of ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. 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 objective for the company. Finally, The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a research note on Thursday, January 30th. Two investment 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $133.05.

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ConocoPhillips Trading Up 0.2 %

COP traded up $0.25 during midday trading on Tuesday, reaching $102.44. 6,556,167 shares of the company's stock traded hands, compared to its average volume of 6,428,560. ConocoPhillips has a 52 week low of $86.81 and a 52 week high of $135.18. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The firm has a fifty day moving average of $99.12 and a two-hundred day moving average of $103.31. The stock 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.

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

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a $0.78 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.05%. ConocoPhillips's dividend 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.