6,545 Shares in ConocoPhillips (NYSE:COP) Acquired by Sava Infond d.o.o.

Sava Infond d.o.o. bought a new position in shares of ConocoPhillips (NYSE:COP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,545 shares of the energy producer’s stock, valued at approximately $649,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Albion Financial Group UT grew 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 acquiring an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in ConocoPhillips during the 4th quarter worth about $26,000. Centricity Wealth Management LLC acquired a new position in shares of ConocoPhillips in the fourth quarter worth about $27,000. Truvestments Capital LLC acquired a new position in shares of ConocoPhillips in the third quarter worth about $31,000. Finally, Crowley Wealth Management Inc. purchased a new position in ConocoPhillips during the 4th quarter worth approximately $32,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Trading Up 0.6 %

COP stock opened at $103.15 on Thursday. ConocoPhillips has a 1-year low of $86.81 and a 1-year 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 business’s 50 day moving average is $99.08 and its 200-day moving average is $103.31. The firm has a market cap of $131.25 billion, a P/E ratio of 13.24, a P/E/G ratio of 0.79 and a beta of 1.12.

ConocoPhillips (NYSE:COP) last announced its quarterly 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 return on equity of 17.26% and a net margin of 16.23%. Equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a $0.78 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.02%. ConocoPhillips’s payout ratio is 40.05%.

Wall Street Analyst Weigh In

COP has been the subject of a number of research analyst reports. Morgan Stanley started coverage on ConocoPhillips in a report on Monday, December 16th. They issued an “overweight” rating and a $128.00 target price for the company. The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a report on Thursday, January 30th. UBS Group lowered their target price on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Barclays reduced their price target on ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Mizuho upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $132.00 to $134.00 in a report on Monday, December 16th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.05.

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.