ConocoPhillips (NYSE:COP) Shares Sold by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL reduced its position in ConocoPhillips (NYSE:COP) by 4.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 51,015 shares of the energy producer’s stock after selling 2,165 shares during the quarter. Gamco Investors INC. ET AL’s holdings in ConocoPhillips were worth $5,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Morse Asset Management Inc acquired a new position in ConocoPhillips in the third quarter valued at $805,000. Anchor Investment Management LLC increased its position in ConocoPhillips by 5.5% in the 3rd quarter. Anchor Investment Management LLC now owns 11,322 shares of the energy producer’s stock valued at $1,192,000 after acquiring an additional 589 shares during the period. Fulcrum Equity Management raised its stake in ConocoPhillips by 24.1% during the 3rd quarter. Fulcrum Equity Management now owns 5,939 shares of the energy producer’s stock valued at $625,000 after acquiring an additional 1,155 shares during the last quarter. World Investment Advisors LLC lifted its position in ConocoPhillips by 746.7% during the 3rd quarter. World Investment Advisors LLC now owns 43,928 shares of the energy producer’s stock worth $4,625,000 after acquiring an additional 38,740 shares during the period. Finally, Arvest Bank Trust Division purchased a new position in shares of ConocoPhillips in the 3rd quarter valued at approximately $11,549,000. 82.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank of Canada cut their price target on ConocoPhillips from $133.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday. The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research report on Thursday, January 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $116.00 target price on shares of ConocoPhillips in a report on Tuesday. Raymond James cut shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and cut their price target for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Finally, Scotiabank lowered their price objective on ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.32.

ConocoPhillips Stock Performance

ConocoPhillips stock opened at $86.32 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $130.77. The stock has a fifty day moving average of $95.71 and a two-hundred day moving average of $101.69. The company has a market capitalization of $109.12 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.79 and a beta of 0.83.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 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, analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Friday, February 14th. ConocoPhillips’s payout ratio is 40.05%.

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.