Trek Financial LLC boosted its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 49.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,578 shares of the energy producer's stock after acquiring an additional 4,182 shares during the period. Trek Financial LLC's holdings in ConocoPhillips were worth $1,247,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. FMR LLC boosted its position in shares of ConocoPhillips by 7.5% during the 4th quarter. FMR LLC now owns 4,277,367 shares of the energy producer's stock worth $424,186,000 after acquiring an additional 299,319 shares in the last quarter. Federated Hermes Inc. lifted its stake in ConocoPhillips by 0.9% during the fourth quarter. Federated Hermes Inc. now owns 331,975 shares of the energy producer's stock worth $32,922,000 after purchasing an additional 2,883 shares during the last quarter. Sepio Capital LP boosted its holdings in ConocoPhillips by 14.6% in the fourth quarter. Sepio Capital LP now owns 2,725 shares of the energy producer's stock valued at $270,000 after purchasing an additional 347 shares in the last quarter. Waterloo Capital L.P. boosted its holdings in shares of ConocoPhillips by 18.0% in the 4th quarter. Waterloo Capital L.P. now owns 3,667 shares of the energy producer's stock valued at $364,000 after buying an additional 559 shares in the last quarter. Finally, Titleist Asset Management LLC grew its position in shares of ConocoPhillips by 28.0% in the 4th quarter. Titleist Asset Management LLC now owns 4,491 shares of the energy producer's stock valued at $445,000 after buying an additional 983 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on COP shares. Piper Sandler reduced their price target on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating for the company in a research report on Thursday, December 19th. UBS Group reduced their target price on ConocoPhillips from $130.00 to $116.00 and set a "buy" rating for the company in a report on Monday. Wells Fargo & Company decreased their target price on ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a research report on Thursday, January 30th. Finally, Truist Financial boosted their price objective on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, ConocoPhillips has an average rating of "Moderate Buy" and a consensus price target of $131.84.
Check Out Our Latest Report on ConocoPhillips
ConocoPhillips Stock Performance
NYSE COP traded down $0.56 on Monday, hitting $85.74. 12,868,881 shares of the company's stock were exchanged, compared to its average volume of 6,909,675. The firm has a market cap of $108.38 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 0.79 and a beta of 0.83. The firm's 50-day moving average price is $98.19 and its two-hundred day moving average price is $102.89. ConocoPhillips has a fifty-two week low of $81.34 and a fifty-two 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.
ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping 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, research analysts expect that ConocoPhillips will post 8.16 EPS 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 $0.78 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.64%. ConocoPhillips's dividend payout ratio is presently 40.05%.
About ConocoPhillips
(
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.
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