ConocoPhillips (NYSE:COP) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 27.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,880 shares of the energy producer's stock after selling 89,974 shares during the quarter. Teacher Retirement System of Texas' holdings in ConocoPhillips were worth $23,789,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Albion Financial Group UT raised its position 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 acquiring an additional 228 shares during the period. Centricity Wealth Management LLC acquired a new position in ConocoPhillips in the 4th quarter worth about $27,000. Truvestments Capital LLC acquired a new position in ConocoPhillips in the 3rd quarter worth about $31,000. Global Wealth Strategies & Associates boosted its position in ConocoPhillips by 80.5% during the fourth quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock worth $34,000 after purchasing an additional 153 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC acquired a new stake in ConocoPhillips in the third quarter valued at approximately $35,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Trading Up 0.2 %

NYSE:COP traded up $0.25 on Tuesday, hitting $102.44. The stock had a trading volume of 6,556,167 shares, compared to its average volume of 6,428,549. The company has a fifty day moving average price of $99.12 and a two-hundred day moving average price of $103.31. ConocoPhillips has a 1-year low of $86.81 and a 1-year high of $135.18. 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 stock has a market cap of $130.34 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 0.79 and a beta of 1.12.

Remove Ads

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data 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%. Equities research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Friday, February 14th. ConocoPhillips's payout ratio is 40.05%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Wells Fargo & Company decreased their target price on ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. decreased their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. 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. Morgan Stanley started coverage on shares of ConocoPhillips in a research report on Monday, December 16th. They set an "overweight" rating and a $128.00 price target for the company. Finally, Evercore ISI reiterated an "outperform" rating and issued a $165.00 price objective on shares of ConocoPhillips in a report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $133.05.

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.