ConocoPhillips $COP Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its stake in shares of ConocoPhillips (NYSE:COP) by 9.8% during the first quarter, HoldingsChannel.com reports. The firm owned 262,373 shares of the energy producer’s stock after selling 28,458 shares during the period. Boston Trust Walden Corp’s holdings in ConocoPhillips were worth $34,633,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital International Investors increased its position in ConocoPhillips by 18.2% during the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock worth $4,318,239,000 after acquiring an additional 7,037,873 shares during the period. AQR Capital Management LLC boosted its stake in ConocoPhillips by 229.2% during the fourth quarter. AQR Capital Management LLC now owns 3,595,177 shares of the energy producer’s stock worth $336,544,000 after buying an additional 2,503,156 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in ConocoPhillips by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock valued at $3,880,151,000 after buying an additional 2,350,645 shares during the period. Ameriprise Financial Inc. raised its stake in shares of ConocoPhillips by 20.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,994,674 shares of the energy producer’s stock valued at $1,228,886,000 after buying an additional 2,216,010 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new stake in shares of ConocoPhillips in the 3rd quarter valued at approximately $135,265,000. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Down 0.1%

COP opened at $104.64 on Friday. The stock has a market cap of $127.48 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.20 and a beta of 0.12. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The stock’s fifty day simple moving average is $115.76 and its 200 day simple moving average is $112.13. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.87.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.17. The business had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 EPS. As a group, research analysts expect that ConocoPhillips will post 9.66 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a $0.84 dividend. The ex-dividend date was Monday, May 11th. This represents a $3.36 annualized dividend and a dividend yield of 3.2%. ConocoPhillips’s payout ratio is presently 57.05%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on COP shares. Barclays raised their price target on ConocoPhillips from $136.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Citigroup lifted their target price on ConocoPhillips from $135.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Scotiabank boosted their target price on ConocoPhillips from $100.00 to $125.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Sanford C. Bernstein upped their price target on ConocoPhillips from $98.00 to $121.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Finally, Mizuho raised their price target on ConocoPhillips from $136.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $134.76.

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.