Vanguard Group Inc. Raises Stock Holdings in ConocoPhillips (NYSE:COP)

Vanguard Group Inc. lifted its stake in ConocoPhillips (NYSE:COP - Free Report) by 11.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 121,826,062 shares of the energy producer's stock after purchasing an additional 12,751,120 shares during the quarter. Vanguard Group Inc. owned about 10.59% of ConocoPhillips worth $12,081,491,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Albion Financial Group UT raised its stake in shares of ConocoPhillips by 876.9% in the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after acquiring an additional 228 shares during the period. Centricity Wealth Management LLC purchased a new position in shares of ConocoPhillips during the fourth quarter valued at approximately $27,000. Truvestments Capital LLC purchased a new stake in shares of ConocoPhillips in the third quarter worth approximately $31,000. RPg Family Wealth Advisory LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter worth approximately $35,000. Finally, Marshall Investment Management LLC bought a new position in ConocoPhillips in the 4th quarter valued at $36,000. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Down 0.3 %

Shares of COP stock traded down $0.35 during trading hours on Thursday, reaching $102.86. 4,707,871 shares of the company's stock were exchanged, compared to its average volume of 6,438,707. ConocoPhillips has a fifty-two week low of $86.81 and a fifty-two week high of $135.18. The stock's 50 day moving average is $99.02 and its 200-day moving average is $103.30. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The company has a market cap of $130.87 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 0.79 and a beta of 1.12.

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

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is presently 40.05%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on COP shares. The Goldman Sachs Group set a $132.00 price target on shares of ConocoPhillips in a report on Thursday, January 30th. Raymond James downgraded shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their target price for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Truist Financial boosted their price target on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a report on Monday, January 13th. Wells Fargo & Company lowered their target price on ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. cut their price target on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $132.95.

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.