Barrow Hanley Mewhinney & Strauss LLC Sells 486 Shares of ConocoPhillips (NYSE:COP)

Barrow Hanley Mewhinney & Strauss LLC reduced its stake in ConocoPhillips (NYSE:COP) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,392 shares of the energy producer’s stock after selling 486 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in ConocoPhillips were worth $1,031,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in COP. Bridgewater Associates LP raised its stake in ConocoPhillips by 58.9% during the 3rd quarter. Bridgewater Associates LP now owns 3,079 shares of the energy producer’s stock worth $324,000 after buying an additional 1,141 shares during the period. Semmax Financial Advisors Inc. increased its holdings in shares of ConocoPhillips by 10.9% during the third quarter. Semmax Financial Advisors Inc. now owns 10,851 shares of the energy producer’s stock valued at $1,209,000 after acquiring an additional 1,070 shares in the last quarter. True Wealth Design LLC raised its position in shares of ConocoPhillips by 89.3% during the third quarter. True Wealth Design LLC now owns 653 shares of the energy producer’s stock worth $69,000 after purchasing an additional 308 shares during the period. Erste Asset Management GmbH bought a new position in shares of ConocoPhillips in the 3rd quarter worth $7,017,000. Finally, FSA Wealth Management LLC acquired a new stake in ConocoPhillips in the 3rd quarter valued at $108,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Trading Down 0.4 %

NYSE:COP opened at $102.37 on Monday. The firm’s 50 day moving average is $98.95 and its 200 day moving average is $103.28. ConocoPhillips has a 12 month low of $86.81 and a 12 month high of $135.18. The stock has a market capitalization of $130.26 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS 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%. Sell-side analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given 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 yield of 3.05%. ConocoPhillips’s dividend payout ratio is presently 40.05%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Piper Sandler decreased their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research report on Thursday, December 19th. Evercore ISI reissued an “outperform” rating and set a $165.00 price objective on shares of ConocoPhillips in a report on Friday, December 6th. Morgan Stanley dropped their target price on ConocoPhillips from $131.00 to $126.00 and set an “overweight” rating on the stock in a report on Thursday. Raymond James downgraded ConocoPhillips from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Finally, Mizuho upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $132.00 to $134.00 in a research note on Monday, December 16th. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus target price of $132.95.

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.