Keybank National Association OH increased its stake in shares of ConocoPhillips (NYSE:COP) by 0.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,159,384 shares of the energy producer’s stock after buying an additional 780 shares during the period. Keybank National Association OH owned about 0.09% of ConocoPhillips worth $57,819,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in COP. Thrivent Financial for Lutherans raised its stake in ConocoPhillips by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 598,361 shares of the energy producer’s stock valued at $30,003,000 after buying an additional 2,320 shares in the last quarter. Pittenger & Anderson Inc. raised its stake in ConocoPhillips by 7.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 9,815 shares of the energy producer’s stock valued at $492,000 after buying an additional 715 shares in the last quarter. IFM Investors Pty Ltd bought a new stake in ConocoPhillips during the fourth quarter valued at $791,000. LeJeune Puetz Investment Counsel LLC bought a new stake in ConocoPhillips during the fourth quarter valued at $722,000. Finally, Independent Advisor Alliance bought a new stake in ConocoPhillips during the fourth quarter valued at $2,652,000. Institutional investors own 68.68% of the company’s stock.
ConocoPhillips (NYSE COP) traded up 0.26% during midday trading on Friday, reaching $43.11. 7,310,360 shares of the company’s stock traded hands. The stock’s market cap is $52.46 billion. ConocoPhillips has a one year low of $39.00 and a one year high of $53.17. The stock’s 50 day moving average price is $44.10 and its 200-day moving average price is $46.28.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, July 24th will be given a $0.265 dividend. The ex-dividend date is Thursday, July 20th. This represents a $1.06 annualized dividend and a yield of 2.46%. ConocoPhillips’s payout ratio is -34.98%.
Several analysts have recently weighed in on the stock. Bank of America Corporation lowered shares of ConocoPhillips from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $68.00 to $67.00 in a research note on Thursday, May 11th. Jefferies Group LLC upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating and boosted their price target for the company from $55.00 to $59.00 in a research note on Wednesday, May 17th. BidaskClub upgraded shares of ConocoPhillips from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Royal Bank Of Canada restated a “buy” rating and set a $62.00 price target on shares of ConocoPhillips in a research note on Thursday, June 15th. Finally, Zacks Investment Research upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $55.18.
ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.
What are top analysts saying about ConocoPhillips? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for ConocoPhillips and related companies.