TD Waterhouse Canada Inc. Purchases 16,086 Shares of ConocoPhillips (NYSE:COP)

TD Waterhouse Canada Inc. boosted its stake in ConocoPhillips (NYSE:COP - Free Report) by 111.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,460 shares of the energy producer's stock after purchasing an additional 16,086 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in ConocoPhillips were worth $3,020,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Albion Financial Group UT boosted its stake in 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 acquiring an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of ConocoPhillips during the fourth quarter worth about $26,000. Centricity Wealth Management LLC bought a new position in shares of ConocoPhillips during the 4th quarter valued at about $27,000. Crowley Wealth Management Inc. bought a new stake in ConocoPhillips during the 4th quarter worth approximately $32,000. Finally, Global Wealth Strategies & Associates lifted its stake in ConocoPhillips by 80.5% in the fourth quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock valued at $34,000 after buying an additional 153 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock traded down $0.02 during trading on Friday, reaching $91.78. The company's stock had a trading volume of 4,736,631 shares, compared to its average volume of 7,153,964. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The business's 50-day moving average price is $94.56 and its 200-day moving average price is $100.67. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $130.77. The firm has a market cap of $116.03 billion, a PE ratio of 11.78, a P/E/G ratio of 0.79 and a beta of 0.83.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.40%. ConocoPhillips's dividend payout ratio (DPR) is presently 40.05%.

Analyst Upgrades and Downgrades

Several research firms recently commented on COP. TD Cowen started coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They issued a "buy" rating and a $125.00 price objective on the stock. Raymond James cut ConocoPhillips from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $157.00 to $124.00 in a research note on Monday, February 10th. Scotiabank cut their price objective on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Susquehanna set a $136.00 target price on shares of ConocoPhillips in a research report on Tuesday. Finally, Truist Financial boosted their price target on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a research report on Monday, January 13th. Two investment 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $126.89.

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.