V Square Quantitative Management LLC Acquires 4,233 Shares of ConocoPhillips (NYSE:COP)

V Square Quantitative Management LLC lifted its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 33.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,779 shares of the energy producer's stock after buying an additional 4,233 shares during the quarter. V Square Quantitative Management LLC's holdings in ConocoPhillips were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. AMF Tjanstepension AB boosted its holdings in ConocoPhillips by 4.7% in the third quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer's stock worth $122,628,000 after purchasing an additional 52,334 shares during the period. Wedge Capital Management L L P NC lifted its stake in ConocoPhillips by 7.4% in the third quarter. Wedge Capital Management L L P NC now owns 2,168 shares of the energy producer's stock valued at $228,000 after buying an additional 150 shares during the last quarter. Creative Planning lifted its stake in ConocoPhillips by 1.7% in the third quarter. Creative Planning now owns 248,439 shares of the energy producer's stock valued at $26,156,000 after buying an additional 4,214 shares during the last quarter. Asset Dedication LLC lifted its stake in ConocoPhillips by 2.5% in the third quarter. Asset Dedication LLC now owns 4,202 shares of the energy producer's stock valued at $442,000 after buying an additional 102 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in ConocoPhillips by 73.4% in the third quarter. Vontobel Holding Ltd. now owns 14,982 shares of the energy producer's stock valued at $1,577,000 after buying an additional 6,344 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Piper Sandler cut their price objective on shares of ConocoPhillips from $135.00 to $114.00 and set an "overweight" rating on the stock in a research note on Thursday, December 19th. UBS Group dropped their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a "buy" rating on the stock in a research report on Wednesday. Morgan Stanley assumed coverage on shares of ConocoPhillips in a research report on Monday, December 16th. They issued an "overweight" rating and a $128.00 price target on the stock. Truist Financial lifted their price target on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a research note on Monday, January 13th. Finally, Evercore ISI reissued an "outperform" rating and issued a $165.00 price target on shares of ConocoPhillips in a research note on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, ConocoPhillips has a consensus rating of "Moderate Buy" and an average target price of $133.56.

ConocoPhillips Stock Performance

COP traded down $0.52 on Friday, hitting $96.39. The company had a trading volume of 7,959,626 shares, compared to its average volume of 6,546,456. The company's fifty day moving average price is $100.58 and its 200 day moving average price is $105.85. ConocoPhillips has a 1-year low of $94.23 and a 1-year 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 1.16. The stock has a market cap of $110.93 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Equities analysts predict that ConocoPhillips will post 8.3 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Monday, February 17th will be issued a dividend of $0.78 per share. The ex-dividend date is Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.24%. ConocoPhillips's dividend payout ratio (DPR) is presently 40.05%.

Insider Transactions at ConocoPhillips

In other news, Director Arjun N. Murti acquired 2,500 shares of the stock in a transaction dated Friday, December 20th. The shares were acquired at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the transaction, the director now owns 21,500 shares in the company, valued at approximately $2,061,205. This trade represents a 13.16 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director R A. Walker acquired 10,400 shares of the stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the transaction, the director now owns 38,000 shares of the company's stock, valued at $3,716,400. This trade represents a 37.68 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.34% of the company's stock.

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.