Baird Financial Group Inc. Has $38.33 Million Holdings in ConocoPhillips (NYSE:COP)

Baird Financial Group Inc. trimmed its holdings in ConocoPhillips (NYSE:COP - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 386,499 shares of the energy producer's stock after selling 118,794 shares during the period. Baird Financial Group Inc.'s holdings in ConocoPhillips were worth $38,329,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in shares of ConocoPhillips by 2.3% in the third 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 in the last quarter. Legacy Wealth Management LLC MS lifted its stake in ConocoPhillips by 20.2% in the 4th quarter. Legacy Wealth Management LLC MS now owns 7,730 shares of the energy producer's stock valued at $767,000 after acquiring an additional 1,301 shares in the last quarter. CWA Asset Management Group LLC boosted its position in ConocoPhillips by 9.2% during the 4th quarter. CWA Asset Management Group LLC now owns 3,498 shares of the energy producer's stock worth $347,000 after acquiring an additional 294 shares during the last quarter. Neville Rodie & Shaw Inc. grew its stake in shares of ConocoPhillips by 6.6% during the 4th quarter. Neville Rodie & Shaw Inc. now owns 28,513 shares of the energy producer's stock worth $2,828,000 after acquiring an additional 1,757 shares in the last quarter. Finally, Iowa State Bank raised its holdings in shares of ConocoPhillips by 1.0% in the fourth quarter. Iowa State Bank now owns 23,196 shares of the energy producer's stock valued at $2,300,000 after purchasing an additional 227 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Performance

NYSE:COP opened at $87.61 on Tuesday. The stock has a 50 day simple moving average of $93.61 and a 200 day simple moving average of $99.83. The stock has a market cap of $110.75 billion, a P/E ratio of 11.25, a PEG ratio of 0.79 and a beta of 0.64. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $125.22. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) 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 net margin of 16.23% and a return on equity of 17.26%. Research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.56%. ConocoPhillips's dividend payout ratio is presently 40.05%.

Analysts Set New Price Targets

A number of research firms recently weighed in on COP. UBS Group decreased their target price 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. Wells Fargo & Company dropped their target price on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley reissued an "overweight" rating and set a $116.00 price target on shares of ConocoPhillips in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Finally, Barclays decreased their target price on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Three investment 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 company. Based on data from MarketBeat.com, ConocoPhillips has an average rating of "Moderate Buy" and a consensus target price of $124.79.

ConocoPhillips Company 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.

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