Teachers Retirement System of The State of Kentucky Has $25.92 Million Stake in ConocoPhillips (NYSE:COP)

Teachers Retirement System of The State of Kentucky reduced its position in ConocoPhillips (NYSE:COP - Free Report) by 24.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 246,189 shares of the energy producer's stock after selling 81,167 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in ConocoPhillips were worth $25,918,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Diversified Trust Co grew its holdings in shares of ConocoPhillips by 6.8% in the second quarter. Diversified Trust Co now owns 10,127 shares of the energy producer's stock valued at $1,158,000 after purchasing an additional 648 shares during the period. ORG Partners LLC grew its position in ConocoPhillips by 17,969.2% in the 2nd quarter. ORG Partners LLC now owns 7,047 shares of the energy producer's stock valued at $806,000 after buying an additional 7,008 shares during the last quarter. 180 Wealth Advisors LLC lifted its holdings in ConocoPhillips by 11.8% in the second quarter. 180 Wealth Advisors LLC now owns 3,592 shares of the energy producer's stock valued at $409,000 after acquiring an additional 379 shares during the period. AlphaMark Advisors LLC lifted its holdings in ConocoPhillips by 41.3% in the second quarter. AlphaMark Advisors LLC now owns 445 shares of the energy producer's stock valued at $51,000 after acquiring an additional 130 shares during the period. Finally, J.Safra Asset Management Corp raised its stake in shares of ConocoPhillips by 38.4% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,732 shares of the energy producer's stock worth $198,000 after buying an additional 481 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COP has been the subject of several analyst reports. Barclays boosted their target price on shares of ConocoPhillips from $135.00 to $137.00 and gave the company an "overweight" rating in a research note on Friday, November 1st. Susquehanna upped their price target on ConocoPhillips from $144.00 to $148.00 and gave the stock a "positive" rating in a report on Friday, November 1st. Evercore ISI reiterated an "outperform" rating and set a $165.00 target price on shares of ConocoPhillips in a research note on Friday, December 6th. UBS Group reduced their price objective on ConocoPhillips from $153.00 to $140.00 and set a "buy" rating on the stock in a research note on Wednesday, September 18th. Finally, Wells Fargo & Company raised their target price on ConocoPhillips from $131.00 to $134.00 and gave the company an "overweight" rating in a research note on Monday. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, ConocoPhillips currently has an average rating of "Moderate Buy" and an average price target of $139.18.

ConocoPhillips Trading Down 0.2 %

COP traded down $0.17 during trading on Wednesday, reaching $102.19. The company had a trading volume of 7,978,105 shares, compared to its average volume of 6,015,916. ConocoPhillips has a 12-month low of $101.29 and a 12-month high of $135.18. The company has a market cap of $117.61 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 0.85 and a beta of 1.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.16 and a current ratio of 1.30. The firm's 50-day simple moving average is $108.43 and its 200 day simple moving average is $109.97.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The energy producer reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $0.10. ConocoPhillips had a return on equity of 19.53% and a net margin of 17.29%. The firm had revenue of $13.60 billion during the quarter, compared to analyst estimates of $13.97 billion. During the same period last year, the company posted $2.16 EPS. The business's quarterly revenue was down 8.5% compared to the same quarter last year. Equities research analysts anticipate that ConocoPhillips will post 7.76 earnings per share for the current year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from ConocoPhillips's previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a yield of 3.05%. ConocoPhillips's dividend payout ratio (DPR) is presently 37.10%.

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.