M&R Capital Management Inc. boosted its position in ConocoPhillips (NYSE:COP – Get Rating) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,931 shares of the energy producer’s stock after purchasing an additional 440 shares during the period. M&R Capital Management Inc.’s holdings in ConocoPhillips were worth $936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in COP. FMR LLC lifted its stake in ConocoPhillips by 64.8% in the second quarter. FMR LLC now owns 21,177,310 shares of the energy producer’s stock worth $1,901,935,000 after purchasing an additional 8,323,587 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in ConocoPhillips by 53.4% in the third quarter. UBS Asset Management Americas Inc. now owns 7,338,622 shares of the energy producer’s stock worth $751,035,000 after purchasing an additional 2,555,634 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in ConocoPhillips by 12.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 22,866,527 shares of the energy producer’s stock worth $2,053,643,000 after purchasing an additional 2,472,255 shares during the last quarter. Cowa LLC raised its stake in shares of ConocoPhillips by 6,475.2% during the first quarter. Cowa LLC now owns 2,375,224 shares of the energy producer’s stock valued at $2,383,000 after acquiring an additional 2,339,100 shares in the last quarter. Finally, Yacktman Asset Management LP raised its stake in shares of ConocoPhillips by 559.1% during the third quarter. Yacktman Asset Management LP now owns 1,766,770 shares of the energy producer’s stock valued at $180,811,000 after acquiring an additional 1,498,720 shares in the last quarter. Institutional investors own 81.76% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently weighed in on COP shares. Mizuho decreased their price target on shares of ConocoPhillips from $150.00 to $143.00 in a research note on Friday, March 10th. Argus lifted their price target on shares of ConocoPhillips from $125.00 to $150.00 in a research note on Monday, November 21st. Citigroup decreased their price target on shares of ConocoPhillips from $160.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, February 27th. StockNews.com started coverage on shares of ConocoPhillips in a research note on Thursday. They set a “hold” rating for the company. Finally, Roth Capital reaffirmed a “buy” rating on shares of ConocoPhillips in a research note on Wednesday, February 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and an average price target of $136.86.
ConocoPhillips Stock Down 2.1 %
ConocoPhillips (NYSE:COP – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The energy producer reported $2.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.72 by ($0.01). The firm had revenue of $19.26 billion during the quarter, compared to analysts’ expectations of $18.16 billion. ConocoPhillips had a return on equity of 35.30% and a net margin of 22.74%. ConocoPhillips’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.27 earnings per share. Equities research analysts anticipate that ConocoPhillips will post 11.79 earnings per share for the current year.
ConocoPhillips Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Wednesday, March 29th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Tuesday, March 28th. ConocoPhillips’s dividend payout ratio (DPR) is presently 14.06%.
In related news, Director R A. Walker acquired 4,800 shares of the company’s stock in a transaction dated Wednesday, February 22nd. The shares were purchased at an average cost of $103.00 per share, with a total value of $494,400.00. Following the completion of the acquisition, the director now directly owns 27,600 shares of the company’s stock, valued at $2,842,800. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.08% of the company’s stock.
ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International.
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