Grantham Mayo Van Otterloo & Co. LLC Has $27.40 Million Stake in ConocoPhillips (NYSE:COP)

Grantham Mayo Van Otterloo & Co. LLC lessened its stake in ConocoPhillips (NYSE:COP) by 59.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,295 shares of the energy producer’s stock after selling 400,894 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in ConocoPhillips were worth $27,400,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of ConocoPhillips by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 121,826,062 shares of the energy producer’s stock worth $12,081,491,000 after acquiring an additional 12,751,120 shares during the last quarter. Geode Capital Management LLC increased its position in ConocoPhillips by 13.7% in the fourth quarter. Geode Capital Management LLC now owns 28,131,288 shares of the energy producer’s stock worth $2,792,521,000 after purchasing an additional 3,397,360 shares during the period. Franklin Resources Inc. raised its holdings in ConocoPhillips by 6.4% during the 4th quarter. Franklin Resources Inc. now owns 14,420,058 shares of the energy producer’s stock worth $1,430,034,000 after purchasing an additional 862,707 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of ConocoPhillips by 10.6% in the 4th quarter. Fisher Asset Management LLC now owns 13,780,782 shares of the energy producer’s stock valued at $1,366,640,000 after purchasing an additional 1,324,771 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of ConocoPhillips by 17.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,358,331 shares of the energy producer’s stock worth $828,896,000 after buying an additional 1,261,881 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Down 9.5 %

NYSE:COP opened at $86.18 on Friday. The stock has a 50-day simple moving average of $98.53 and a 200 day simple moving average of $103.10. ConocoPhillips has a 52-week low of $85.55 and a 52-week high of $135.18. The company has a market cap of $108.95 billion, a PE ratio of 11.06, a PEG ratio of 0.79 and a beta of 0.83. 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 (NYSE:COP) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. On average, sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.62%. ConocoPhillips’s dividend payout ratio is 40.05%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley reduced their price objective on shares of ConocoPhillips from $131.00 to $126.00 and set an “overweight” rating on the stock in a research note on Thursday, March 27th. Barclays reduced their price target on ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Raymond James lowered ConocoPhillips from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $157.00 to $124.00 in a research note on Monday, February 10th. Mizuho upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $132.00 to $134.00 in a report on Monday, December 16th. Finally, Wells Fargo & Company lowered their price target on ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and an average 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.