Rokos Capital Management LLP Buys New Shares in ConocoPhillips $COP

Rokos Capital Management LLP purchased a new stake in ConocoPhillips (NYSE:COP) in the first quarter, HoldingsChannel reports. The fund purchased 30,800 shares of the energy producer’s stock, valued at approximately $4,065,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Capital International Investors lifted its stake in shares of ConocoPhillips by 5.9% in the fourth quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock valued at $4,527,230,000 after buying an additional 2,714,663 shares during the period. AQR Capital Management LLC grew its position 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 stake in ConocoPhillips by 6.0% during the fourth 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 acquiring an additional 2,350,645 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in ConocoPhillips by 46,105.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,310,281 shares of the energy producer’s stock valued at $304,957,000 after acquiring an additional 2,305,281 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of ConocoPhillips by 3,775.8% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,893,340 shares of the energy producer’s stock worth $249,921,000 after acquiring an additional 1,844,490 shares during the period. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Down 3.9%

COP stock opened at $115.54 on Tuesday. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.87. 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 business’s 50 day moving average is $113.32 and its 200-day moving average is $114.46. The firm has a market cap of $140.76 billion, a P/E ratio of 19.62, a P/E/G ratio of 1.45 and a beta of 0.12.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping 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%.ConocoPhillips’s revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the company earned $2.09 EPS. Equities analysts anticipate that ConocoPhillips will post 9.2 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.9%. The ex-dividend date was Monday, May 11th. ConocoPhillips’s dividend payout ratio is currently 57.05%.

Analysts Set New Price Targets

COP has been the topic of several recent research reports. BMO Capital Markets decreased their price objective on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Royal Bank Of Canada set a $130.00 target price on ConocoPhillips in a research report on Monday, June 22nd. Barclays lifted their price target on shares of ConocoPhillips from $136.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Scotiabank boosted their price target on shares of ConocoPhillips from $100.00 to $125.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Raymond James Financial dropped their price objective on shares of ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating for the company in a research note on Monday, June 1st. Eighteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $134.16.

ConocoPhillips 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.