ConocoPhillips (NYSE:COP) Holdings Boosted by Capital World Investors

Capital World Investors lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 0.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,653,331 shares of the energy producer’s stock after buying an additional 26,157 shares during the period. Capital World Investors owned approximately 0.75% of ConocoPhillips worth $858,150,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Albion Financial Group UT raised its holdings in shares of 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 in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in shares of ConocoPhillips in the fourth quarter valued at $26,000. Centricity Wealth Management LLC acquired a new stake in shares of ConocoPhillips during the 4th quarter valued at $27,000. Crowley Wealth Management Inc. acquired a new position in shares of ConocoPhillips in the 4th quarter worth $32,000. Finally, Global Wealth Strategies & Associates increased 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. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Trading Up 3.0 %

Shares of ConocoPhillips stock opened at $88.96 on Friday. The company has a market cap of $112.46 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 0.79 and a beta of 0.83. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $130.77. The company’s fifty day simple moving average is $95.25 and its 200-day simple moving average is $101.37. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data 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%. As a group, sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders 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 annualized dividend and a dividend yield of 3.51%. ConocoPhillips’s dividend payout ratio (DPR) is currently 40.05%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on COP shares. Scotiabank decreased their price objective on shares of ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. decreased their target price on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. Wells Fargo & Company lowered their price target on ConocoPhillips from $131.00 to $116.00 and set an “overweight” rating on the stock in a report on Tuesday, April 15th. UBS Group reduced their price objective on ConocoPhillips from $116.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Finally, Raymond James cut ConocoPhillips from a “strong-buy” rating to an “outperform” rating and lowered their target price for the company from $157.00 to $124.00 in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.32.

ConocoPhillips Company 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.