13,735 Shares in ConocoPhillips (NYSE:COP) Purchased by Bearing Point Capital LLC

Bearing Point Capital LLC acquired a new stake in ConocoPhillips (NYSE:COP - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 13,735 shares of the energy producer's stock, valued at approximately $1,362,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of COP. Price T Rowe Associates Inc. MD grew its holdings in ConocoPhillips by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock worth $4,546,706,000 after acquiring an additional 5,549,078 shares during the last quarter. Leavell Investment Management Inc. grew its stake in shares of ConocoPhillips by 59.8% during the fourth quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock valued at $1,901,000 after purchasing an additional 7,174 shares during the last quarter. Brookstone Capital Management grew its stake in shares of ConocoPhillips by 4.5% during the fourth 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 last quarter. Principal Financial Group Inc. increased 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. Finally, Fiduciary Alliance LLC raised its position in ConocoPhillips by 13.6% in the 4th quarter. Fiduciary Alliance LLC now owns 186,535 shares of the energy producer's stock worth $18,499,000 after purchasing an additional 22,378 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Up 0.1 %

COP traded up $0.05 during trading hours on Wednesday, hitting $87.68. 9,200,541 shares of the company's stock were exchanged, compared to its average volume of 7,219,361. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $124.23. The stock's 50-day moving average is $93.42 and its two-hundred day moving average is $99.74. The stock has a market cap of $110.84 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 0.79 and a beta of 0.64.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Sell-side analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on COP. Royal Bank of Canada lowered their target price on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Wells Fargo & Company dropped their price objective on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. UBS Group reduced their target price on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Scotiabank dropped their price target on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Finally, TD Cowen started coverage on ConocoPhillips in a research note on Friday, January 17th. They issued a "buy" rating and a $125.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.79.

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.