Unigestion Holding SA Decreases Holdings in ConocoPhillips (NYSE:COP)

Unigestion Holding SA lowered its position in ConocoPhillips (NYSE:COP - Free Report) by 17.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 185,786 shares of the energy producer's stock after selling 39,521 shares during the quarter. Unigestion Holding SA's holdings in ConocoPhillips were worth $18,423,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of COP. Tidal Investments LLC increased its holdings in ConocoPhillips by 42.7% in the 3rd quarter. Tidal Investments LLC now owns 103,553 shares of the energy producer's stock valued at $10,902,000 after buying an additional 31,011 shares during the period. Leavell Investment Management Inc. lifted its stake in ConocoPhillips by 59.8% during the fourth quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock worth $1,901,000 after purchasing an additional 7,174 shares during the last quarter. Brookstone Capital Management boosted its holdings in shares of ConocoPhillips by 4.5% in the 4th quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock valued at $878,000 after purchasing an additional 383 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of ConocoPhillips by 2.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,474,270 shares of the energy producer's stock worth $155,211,000 after buying an additional 32,948 shares in the last quarter. Finally, Fiduciary Alliance LLC lifted its position in shares of ConocoPhillips by 13.6% during the 4th quarter. Fiduciary Alliance LLC now owns 186,535 shares of the energy producer's stock worth $18,499,000 after buying an additional 22,378 shares during the last quarter. Institutional investors own 82.36% of the company's stock.

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ConocoPhillips Stock Down 9.4 %

Shares of NYSE COP traded down $8.61 during trading on Thursday, reaching $82.90. The company had a trading volume of 8,288,968 shares, compared to its average volume of 7,000,329. The stock has a market cap of $104.80 billion, a PE ratio of 10.59, a P/E/G ratio of 0.79 and a beta of 0.83. ConocoPhillips has a 12-month low of $79.88 and a 12-month 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 business's 50-day moving average is $97.11 and its 200 day moving average is $102.35.

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, 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%. As a group, equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.76%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio is 40.05%.

Wall Street Analysts Forecast Growth

COP has been the topic of a number of research analyst reports. Piper Sandler cut their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating on the stock in a research report on Thursday, December 19th. UBS Group cut their price target on ConocoPhillips from $130.00 to $116.00 and set a "buy" rating on the stock in a research note on Monday. Raymond James lowered ConocoPhillips from a "strong-buy" rating to an "outperform" rating and lowered their target price for the stock from $157.00 to $124.00 in a research report on Monday, February 10th. Wells Fargo & Company dropped their price target on ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Finally, The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research report on Thursday, January 30th. 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 company. According to MarketBeat.com, ConocoPhillips has a consensus rating of "Moderate Buy" and an average target price of $131.84.

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.