Financial Engines Advisors L.L.C. raised its holdings in ConocoPhillips (NYSE:COP) by 749.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,217 shares of the energy producer’s stock after purchasing an additional 8,132 shares during the period. Financial Engines Advisors L.L.C.’s holdings in ConocoPhillips were worth $575,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in COP. Athena Capital Advisors LLC acquired a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $32,000. Ironwood Financial llc raised its position in shares of ConocoPhillips by 294.1% in the fourth quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after buying an additional 400 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $47,000. Moody National Bank Trust Division raised its position in shares of ConocoPhillips by 536.6% in the fourth quarter. Moody National Bank Trust Division now owns 853 shares of the energy producer’s stock valued at $53,000 after buying an additional 719 shares during the last quarter. Finally, Arlington Partners LLC raised its position in shares of ConocoPhillips by 28.6% in the fourth quarter. Arlington Partners LLC now owns 900 shares of the energy producer’s stock valued at $56,000 after buying an additional 200 shares during the last quarter. 71.32% of the stock is currently owned by institutional investors.
Shares of COP stock opened at $69.01 on Wednesday. ConocoPhillips has a one year low of $52.92 and a one year high of $80.24. The company has a quick ratio of 1.66, a current ratio of 1.79 and a debt-to-equity ratio of 0.46. The company has a market cap of $79.37 billion, a P/E ratio of 15.23, a P/E/G ratio of 2.92 and a beta of 1.11.
ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, January 31st. The energy producer reported $1.13 EPS for the quarter, topping the consensus estimate of $1.05 by $0.08. ConocoPhillips had a net margin of 16.16% and a return on equity of 16.91%. The firm had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the business posted $0.45 earnings per share. Research analysts anticipate that ConocoPhillips will post 3.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 11th were given a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Friday, February 8th. ConocoPhillips’s dividend payout ratio (DPR) is 26.93%.
A number of equities analysts have recently weighed in on COP shares. Zacks Investment Research lowered shares of ConocoPhillips from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 3rd. Bank of America lowered shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $75.00 price objective for the company. in a research report on Friday, January 4th. Barclays reissued a “buy” rating and issued a $79.00 price objective on shares of ConocoPhillips in a research report on Friday, January 11th. BMO Capital Markets set a $78.00 price objective on shares of ConocoPhillips and gave the company a “buy” rating in a research report on Monday, November 12th. Finally, Mizuho set a $68.00 price objective on shares of ConocoPhillips and gave the company a “hold” rating in a research report on Monday, December 3rd. Nine equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $76.47.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.
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