Barnett & Company Inc. Has $2.34 Million Stake in ConocoPhillips (NYSE:COP)

Barnett & Company Inc. lifted its holdings in ConocoPhillips (NYSE:COP) by 2.5% during the fourth quarter, HoldingsChannel reports. The firm owned 23,556 shares of the energy producer’s stock after purchasing an additional 565 shares during the period. ConocoPhillips comprises 1.5% of Barnett & Company Inc.’s investment portfolio, making the stock its 21st biggest position. Barnett & Company Inc.’s holdings in ConocoPhillips were worth $2,336,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in COP. Eagle Asset Management Inc. boosted its holdings in ConocoPhillips by 2.8% in the 3rd quarter. Eagle Asset Management Inc. now owns 32,985 shares of the energy producer’s stock valued at $3,681,000 after purchasing an additional 910 shares during the period. Nwam LLC acquired a new stake in ConocoPhillips during the 3rd quarter valued at $483,000. Cerity Partners LLC raised its position in ConocoPhillips by 20.5% in the 3rd quarter. Cerity Partners LLC now owns 267,329 shares of the energy producer’s stock valued at $28,144,000 after purchasing an additional 45,542 shares during the last quarter. Algert Global LLC acquired a new position in ConocoPhillips in the third quarter worth $3,421,000. Finally, Larson Financial Group LLC grew its holdings in shares of ConocoPhillips by 13.0% during the third quarter. Larson Financial Group LLC now owns 23,659 shares of the energy producer’s stock worth $2,491,000 after purchasing an additional 2,724 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Price Performance

COP opened at $102.05 on Monday. The company has a fifty day simple moving average of $99.21 and a 200 day simple moving average of $103.37. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock has a market cap of $129.84 billion, a P/E ratio of 13.10, a P/E/G ratio of 0.79 and a beta of 1.12. ConocoPhillips has a 12 month low of $86.81 and a 12 month high of $135.18.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

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

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $132.00 to $134.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. decreased their price target on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Morgan Stanley assumed coverage on shares of ConocoPhillips in a research report on Monday, December 16th. They issued an “overweight” rating and a $128.00 price objective for the company. Raymond James lowered ConocoPhillips from a “strong-buy” rating to an “outperform” rating and decreased their price objective for the company from $157.00 to $124.00 in a research report on Monday, February 10th. Finally, TD Cowen began coverage on ConocoPhillips in a research note on Friday, January 17th. They set a “buy” rating and a $125.00 price target on the stock. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ConocoPhillips 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.