Capital World Investors Has $858.15 Million Stake in ConocoPhillips (NYSE:COP)

Capital World Investors boosted its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,653,331 shares of the energy producer's stock after acquiring an additional 26,157 shares during the quarter. Capital World Investors owned 0.75% of ConocoPhillips worth $858,150,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in COP. Vanguard Group Inc. increased its position in ConocoPhillips by 11.7% during the fourth quarter. Vanguard Group Inc. now owns 121,826,062 shares of the energy producer's stock worth $12,081,491,000 after buying an additional 12,751,120 shares during the last quarter. Capital International Investors increased its holdings in shares of ConocoPhillips by 4.9% during the 4th quarter. Capital International Investors now owns 31,287,113 shares of the energy producer's stock worth $3,101,989,000 after acquiring an additional 1,473,027 shares during the last quarter. Geode Capital Management LLC raised its stake in ConocoPhillips by 13.7% in the 4th quarter. Geode Capital Management LLC now owns 28,131,288 shares of the energy producer's stock valued at $2,792,521,000 after acquiring an additional 3,397,360 shares during the period. Invesco Ltd. lifted its holdings in ConocoPhillips by 37.1% during the 4th quarter. Invesco Ltd. now owns 15,570,246 shares of the energy producer's stock valued at $1,544,101,000 after purchasing an additional 4,211,939 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in ConocoPhillips by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 14,420,058 shares of the energy producer's stock worth $1,430,034,000 after purchasing an additional 862,707 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Trading Up 2.0 %

COP traded up $1.82 during midday trading on Thursday, hitting $91.75. 2,602,328 shares of the company were exchanged, compared to its average volume of 8,595,228. The firm has a market capitalization of $115.99 billion, a P/E ratio of 11.78, a P/E/G ratio of 0.79 and a beta of 0.83. The firm's 50 day moving average price is $94.76 and its 200-day moving average price is $100.95. 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 $130.77.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS 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%. As a group, equities analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a dividend of $0.78 per share. The ex-dividend date was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.40%. ConocoPhillips's dividend payout ratio (DPR) is currently 40.05%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Truist Financial upped their target price on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research report on Monday, January 13th. UBS Group cut their price target on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. TD Cowen initiated coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They set a "buy" rating and a $125.00 price objective for the company. Finally, Barclays lowered their price target on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday. Two research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, ConocoPhillips has a consensus rating of "Moderate Buy" and a consensus target price of $126.89.

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.