Sciencast Management LP Has $3.04 Million Position in ConocoPhillips (NYSE:COP)

Sciencast Management LP raised its position in shares of ConocoPhillips (NYSE:COP) by 56.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,667 shares of the energy producer’s stock after acquiring an additional 11,027 shares during the quarter. ConocoPhillips comprises 0.8% of Sciencast Management LP’s investment portfolio, making the stock its 24th biggest holding. Sciencast Management LP’s holdings in ConocoPhillips were worth $3,041,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in COP. Millstone Evans Group LLC bought a new stake in ConocoPhillips during the 4th quarter worth approximately $134,000. Wayfinding Financial LLC bought a new stake in ConocoPhillips in the fourth quarter worth about $282,000. TD Private Client Wealth LLC grew its position in shares of ConocoPhillips by 12.5% during the 4th quarter. TD Private Client Wealth LLC now owns 21,692 shares of the energy producer’s stock valued at $2,151,000 after acquiring an additional 2,418 shares during the period. Lee Danner & Bass Inc. increased its position in ConocoPhillips by 9.8% in the fourth quarter. Lee Danner & Bass Inc. now owns 6,289 shares of the energy producer’s stock worth $624,000 after buying an additional 563 shares during the last quarter. Finally, HUB Investment Partners LLC lifted its holdings in ConocoPhillips by 23.1% during the fourth quarter. HUB Investment Partners LLC now owns 32,774 shares of the energy producer’s stock valued at $3,250,000 after purchasing an additional 6,156 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Ratings Changes

COP has been the topic of several analyst reports. Mizuho upgraded ConocoPhillips from a “neutral” rating to an “outperform” rating and upped their price target for the company from $132.00 to $134.00 in a research report on Monday, December 16th. Piper Sandler decreased their price objective on ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. TD Cowen assumed coverage on ConocoPhillips in a report on Friday, January 17th. They issued a “buy” rating and a $125.00 price objective on the stock. 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 report on Wednesday, February 12th. Finally, The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a report on Thursday, January 30th. Two 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 stock. According to data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and an average price target of $133.05.

ConocoPhillips Trading Down 0.3 %

Shares of COP stock opened at $102.05 on Friday. ConocoPhillips has a fifty-two week low of $86.81 and a fifty-two week high of $135.18. The firm has a market capitalization of $129.84 billion, a P/E ratio of 13.10, a PEG ratio of 0.79 and a beta of 1.12. The stock’s fifty day moving average is $99.21 and its two-hundred day moving average is $103.45. 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 announced its earnings results 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 return on equity of 17.26% and a net margin of 16.23%. Research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced 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. 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 3.06%. ConocoPhillips’s 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.