10,038 Shares in ConocoPhillips (NYSE:COP) Bought by Stevens Capital Management LP

Stevens Capital Management LP acquired a new position in ConocoPhillips (NYSE:COP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,038 shares of the energy producer’s stock, valued at approximately $995,000.

Several other institutional investors also recently modified their holdings of the business. LPL Financial LLC grew its stake in shares of ConocoPhillips by 8.8% in the fourth quarter. LPL Financial LLC now owns 1,111,391 shares of the energy producer’s stock worth $110,217,000 after purchasing an additional 90,067 shares during the last quarter. Richwood Investment Advisors LLC lifted its holdings in ConocoPhillips by 3.7% in the fourth quarter. Richwood Investment Advisors LLC now owns 5,136 shares of the energy producer’s stock valued at $509,000 after buying an additional 182 shares during the period. KLP Kapitalforvaltning AS acquired a new position in ConocoPhillips in the fourth quarter valued at $54,597,000. Umpqua Bank lifted its holdings in ConocoPhillips by 3.2% in the fourth quarter. Umpqua Bank now owns 7,386 shares of the energy producer’s stock valued at $775,000 after buying an additional 231 shares during the period. Finally, Sei Investments Co. lifted its holdings in ConocoPhillips by 22.9% in the fourth quarter. Sei Investments Co. now owns 750,440 shares of the energy producer’s stock valued at $74,424,000 after buying an additional 140,026 shares during the period. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on COP shares. Piper Sandler dropped their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $132.00 to $134.00 in a report on Monday, December 16th. Barclays dropped their target price on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Wells Fargo & Company dropped their target price on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, UBS Group dropped their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $133.05.

ConocoPhillips Trading Down 0.3 %

NYSE:COP opened at $102.05 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The firm has a 50-day moving average of $99.21 and a 200-day moving average of $103.40. The company has a market cap of $129.84 billion, a PE ratio of 13.10, a PEG ratio of 0.79 and a beta of 1.12. ConocoPhillips has a one year low of $86.81 and a one year high of $135.18.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share 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 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Friday, February 14th. ConocoPhillips’s payout ratio is currently 40.05%.

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.