United Services Automobile Association Grows Position in ConocoPhillips (NYSE:COP)

United Services Automobile Association grew its position in ConocoPhillips (NYSE:COP - Free Report) by 1.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 162,762 shares of the energy producer's stock after buying an additional 2,528 shares during the period. United Services Automobile Association's holdings in ConocoPhillips were worth $16,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Albion Financial Group UT grew its position in ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock worth $25,000 after purchasing an additional 228 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of ConocoPhillips during the 4th quarter worth $27,000. Truvestments Capital LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter valued at $31,000. Crowley Wealth Management Inc. purchased a new stake in shares of ConocoPhillips in the 4th quarter worth $32,000. Finally, RPg Family Wealth Advisory LLC purchased a new position in ConocoPhillips during the third quarter valued at approximately $35,000. Institutional investors own 82.36% of the company's stock.

Analyst Upgrades and Downgrades

COP has been the subject of a number of recent analyst reports. Morgan Stanley started coverage on ConocoPhillips in a research note on Monday, December 16th. They issued an "overweight" rating and a $128.00 price objective for the company. The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a research report on Thursday, January 30th. UBS Group reduced their price objective on ConocoPhillips from $140.00 to $137.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Piper Sandler lowered their price objective on ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating for the company in a research note on Thursday, December 19th. Finally, TD Cowen began coverage on ConocoPhillips in a report on Friday, January 17th. They issued a "buy" rating and a $125.00 target price for the company. Two 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $133.05.

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ConocoPhillips Stock Up 0.2 %

Shares of COP stock traded up $0.25 during mid-day trading on Tuesday, hitting $102.44. 6,556,167 shares of the stock traded hands, compared to its average volume of 6,428,560. The stock's fifty day moving average is $99.12 and its two-hundred day moving average is $103.31. 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 52-week low of $86.81 and a 52-week high of $135.18. The stock has a market cap of $130.34 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.79 and a beta of 1.12.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced 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. The ex-dividend date was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.05%. ConocoPhillips's dividend payout ratio is presently 40.05%.

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.