Vinva Investment Management Ltd Raises Stock Position in ConocoPhillips (NYSE:COP)

Vinva Investment Management Ltd increased its stake in ConocoPhillips (NYSE:COP - Free Report) by 10.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 96,300 shares of the energy producer's stock after buying an additional 9,062 shares during the quarter. Vinva Investment Management Ltd's holdings in ConocoPhillips were worth $9,350,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in 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 buying an additional 228 shares during the period. Centricity Wealth Management LLC purchased a new stake in ConocoPhillips in the 4th quarter worth about $27,000. Truvestments Capital LLC bought a new stake in ConocoPhillips in the 3rd quarter valued at about $31,000. Global Wealth Strategies & Associates lifted its stake in ConocoPhillips by 80.5% in the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock worth $34,000 after purchasing an additional 153 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new position in ConocoPhillips in the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Barclays lowered their price objective on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Raymond James cut ConocoPhillips from a "strong-buy" rating to an "outperform" rating and lowered their price target for the company from $157.00 to $124.00 in a report on Monday, February 10th. The Goldman Sachs Group set a $132.00 price objective on ConocoPhillips in a report on Thursday, January 30th. Truist Financial raised their target price on shares of ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research note on Monday, January 13th. Finally, UBS Group cut their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ConocoPhillips currently has an average rating of "Moderate Buy" and a consensus price target of $133.05.

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ConocoPhillips Trading Down 0.3 %

COP stock traded down $0.26 during midday trading on Friday, hitting $102.05. The company had a trading volume of 55,090,100 shares, compared to its average volume of 6,433,374. The stock has a market cap of $129.84 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 0.79 and a beta of 1.12. ConocoPhillips has a 52 week low of $86.81 and a 52 week high of $135.18. 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 stock's 50 day moving average price is $99.21 and its 200 day moving average price is $103.40.

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, beating analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. As a group, equities research analysts expect 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. Stockholders of record on Monday, February 17th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.06%. ConocoPhillips's dividend payout ratio is currently 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.