Capitolis Liquid Global Markets LLC Buys 52,400 Shares of ConocoPhillips (NYSE:COP)

Capitolis Liquid Global Markets LLC increased its stake in ConocoPhillips (NYSE:COP - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,998,500 shares of the energy producer's stock after buying an additional 52,400 shares during the quarter. ConocoPhillips makes up 1.9% of Capitolis Liquid Global Markets LLC's holdings, making the stock its 13th biggest position. Capitolis Liquid Global Markets LLC owned about 0.17% of ConocoPhillips worth $198,191,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in COP. Principal Financial Group Inc. lifted its holdings in ConocoPhillips by 2.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,474,270 shares of the energy producer's stock worth $155,211,000 after purchasing an additional 32,948 shares during the last quarter. Legacy Wealth Management LLC MS increased its position in ConocoPhillips by 20.2% during the fourth quarter. Legacy Wealth Management LLC MS now owns 7,730 shares of the energy producer's stock worth $767,000 after acquiring an additional 1,301 shares during the period. CWA Asset Management Group LLC boosted its holdings in ConocoPhillips by 9.2% in the 4th quarter. CWA Asset Management Group LLC now owns 3,498 shares of the energy producer's stock valued at $347,000 after purchasing an additional 294 shares during the period. Neville Rodie & Shaw Inc. increased its holdings in shares of ConocoPhillips by 6.6% during the fourth quarter. Neville Rodie & Shaw Inc. now owns 28,513 shares of the energy producer's stock worth $2,828,000 after purchasing an additional 1,757 shares during the period. Finally, Iowa State Bank grew its position in ConocoPhillips by 1.0% during the fourth quarter. Iowa State Bank now owns 23,196 shares of the energy producer's stock worth $2,300,000 after buying an additional 227 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a report on Thursday, January 30th. Scotiabank decreased 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. TD Cowen began coverage on ConocoPhillips in a research note on Friday, January 17th. They set a "buy" rating and a $125.00 target price for the company. Wells Fargo & Company decreased their price target on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, Royal Bank of Canada dropped their price objective on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $124.79.

ConocoPhillips Stock Performance

Shares of COP stock opened at $87.61 on Tuesday. The stock has a market capitalization of $110.75 billion, a PE ratio of 11.25, a PEG ratio of 0.79 and a beta of 0.64. The business's 50 day simple moving average is $93.61 and its 200 day simple moving average is $99.83. 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 one year low of $79.88 and a one year high of $125.22.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. As a group, research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed 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 40.05%.

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.

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