Plancorp LLC Has $399,000 Holdings in ConocoPhillips (NYSE:COP)

Plancorp LLC raised its position in ConocoPhillips (NYSE:COP) by 2.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,018 shares of the energy producer’s stock after purchasing an additional 104 shares during the quarter. Plancorp LLC’s holdings in ConocoPhillips were worth $399,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC boosted its position in ConocoPhillips by 62.8% in the fourth quarter. Mizuho Securities USA LLC now owns 122,600 shares of the energy producer’s stock valued at $12,158,000 after buying an additional 47,299 shares in the last quarter. Fi3 FINANCIAL ADVISORS LLC acquired a new position in ConocoPhillips in the fourth quarter valued at about $212,000. Adams Natural Resources Fund Inc. raised its stake in shares of ConocoPhillips by 16.9% in the fourth quarter. Adams Natural Resources Fund Inc. now owns 408,703 shares of the energy producer’s stock worth $40,531,000 after acquiring an additional 59,127 shares during the last quarter. Sciencast Management LP raised its stake in shares of ConocoPhillips by 56.1% in the fourth quarter. Sciencast Management LP now owns 30,667 shares of the energy producer’s stock worth $3,041,000 after acquiring an additional 11,027 shares during the last quarter. Finally, Millstone Evans Group LLC bought a new position in shares of ConocoPhillips in the fourth quarter worth about $134,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have weighed in on COP shares. Piper Sandler dropped their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a research note on Thursday, December 19th. UBS Group dropped their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Morgan Stanley started coverage on shares of ConocoPhillips in a research note on Monday, December 16th. They issued an “overweight” rating and a $128.00 target price for the company. Wells Fargo & Company dropped their target price on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Mizuho raised shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $132.00 to $134.00 in a research note on Monday, December 16th. 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, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus target price of $133.05.

ConocoPhillips Stock Performance

Shares of COP stock opened at $102.05 on Friday. 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. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The company has a fifty day moving average price of $99.21 and a two-hundred day moving average price of $103.40. ConocoPhillips has a one year low of $86.81 and a one year high of $135.18.

ConocoPhillips (NYSE:COP) last announced 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 net margin of 16.23% and a return on equity of 17.26%. As a group, equities analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

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

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.