Tower Research Capital LLC TRC increased its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 79.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 60,099 shares of the energy producer's stock after buying an additional 26,691 shares during the quarter. Tower Research Capital LLC TRC's holdings in ConocoPhillips were worth $5,960,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new position in ConocoPhillips in the third quarter valued at $805,000. Anchor Investment Management LLC lifted its stake in shares of ConocoPhillips by 5.5% in the 3rd quarter. Anchor Investment Management LLC now owns 11,322 shares of the energy producer's stock valued at $1,192,000 after purchasing an additional 589 shares in the last quarter. Fulcrum Equity Management grew its holdings in shares of ConocoPhillips by 24.1% during the 3rd quarter. Fulcrum Equity Management now owns 5,939 shares of the energy producer's stock worth $625,000 after purchasing an additional 1,155 shares during the period. World Investment Advisors LLC increased its position in ConocoPhillips by 746.7% during the 3rd quarter. World Investment Advisors LLC now owns 43,928 shares of the energy producer's stock worth $4,625,000 after purchasing an additional 38,740 shares in the last quarter. Finally, Arvest Bank Trust Division purchased a new position in ConocoPhillips in the third quarter valued at approximately $11,549,000. Hedge funds and other institutional investors own 82.36% of the company's stock.
ConocoPhillips Stock Performance
COP traded up $1.88 during trading hours on Thursday, hitting $91.81. 6,517,979 shares of the stock were exchanged, compared to its average volume of 7,136,520. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $130.77. The stock has a 50-day simple moving average of $94.76 and a 200-day simple moving average of $100.95. The stock has a market cap of $116.06 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83.
ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 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%. Analysts anticipate that ConocoPhillips will post 8.16 earnings per share 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 given 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 is currently 40.05%.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. TD Cowen began coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They issued a "buy" rating and a $125.00 price objective for the company. Truist Financial boosted their price objective on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Susquehanna set a $136.00 target price on ConocoPhillips in a research note on Tuesday. Raymond James cut ConocoPhillips from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Finally, Wells Fargo & Company dropped their price target on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, ConocoPhillips has an average rating of "Moderate Buy" and an average target price of $126.89.
Check Out Our Latest Analysis on ConocoPhillips
ConocoPhillips Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider ConocoPhillips, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ConocoPhillips wasn't on the list.
While ConocoPhillips currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
