Banque de Luxembourg S.A. Takes $2.06 Million Position in ConocoPhillips (NYSE:COP)

Banque de Luxembourg S.A. bought a new position in ConocoPhillips (NYSE:COP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 20,686 shares of the energy producer's stock, valued at approximately $2,060,000. ConocoPhillips comprises about 1.1% of Banque de Luxembourg S.A.'s portfolio, making the stock its 20th largest position.

A number of other large investors also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD boosted its position in ConocoPhillips by 13.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock valued at $4,546,706,000 after buying an additional 5,549,078 shares during the last quarter. Leavell Investment Management Inc. increased its position in ConocoPhillips by 59.8% in the fourth quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock worth $1,901,000 after purchasing an additional 7,174 shares during the period. Brookstone Capital Management lifted its position in ConocoPhillips by 4.5% during the 4th quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock valued at $878,000 after purchasing an additional 383 shares during the period. Principal Financial Group Inc. boosted its stake in shares of ConocoPhillips by 2.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,474,270 shares of the energy producer's stock valued at $155,211,000 after purchasing an additional 32,948 shares during the last quarter. Finally, Fiduciary Alliance LLC grew its position in shares of ConocoPhillips by 13.6% during the 4th quarter. Fiduciary Alliance LLC now owns 186,535 shares of the energy producer's stock worth $18,499,000 after buying an additional 22,378 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on COP shares. Scotiabank reduced their price objective on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Raymond James cut ConocoPhillips from a "strong-buy" rating to an "outperform" rating and reduced their target price for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Truist Financial increased their price target on shares of ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research report on Monday, January 13th. UBS Group lowered their price objective on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Susquehanna set a $136.00 target price on ConocoPhillips in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.89.

ConocoPhillips Stock Down 0.0 %

NYSE:COP traded down $0.04 on Friday, hitting $88.78. 4,698,830 shares of the company's stock were exchanged, compared to its average volume of 7,256,797. The company has a market cap of $112.23 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. The firm has a 50-day moving average price of $93.12 and a 200-day moving average price of $99.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $124.23.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating the consensus estimate of $2.05 by $0.04. The firm had revenue of $16.18 billion during the quarter, compared to analysts' expectations of $15.74 billion. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. During the same period in the prior year, the firm posted $2.05 earnings per share. As a group, analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

About ConocoPhillips

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.