ConocoPhillips (NYSE:COP) Shares Acquired by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 9.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 100,218 shares of the energy producer's stock after acquiring an additional 8,241 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in ConocoPhillips were worth $9,901,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Albion Financial Group UT grew its stake in shares of ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock worth $25,000 after acquiring an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips during the fourth quarter valued at about $26,000. Centricity Wealth Management LLC purchased a new stake in ConocoPhillips during the fourth quarter valued at about $27,000. Crowley Wealth Management Inc. purchased a new stake in ConocoPhillips during the fourth quarter valued at about $32,000. Finally, Global Wealth Strategies & Associates lifted its holdings in ConocoPhillips by 80.5% during the fourth quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock valued at $34,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Down 0.9 %

NYSE:COP traded down $0.86 during mid-day trading on Tuesday, reaching $92.07. The company's stock had a trading volume of 1,435,269 shares, compared to its average volume of 7,131,088. The firm has a market capitalization of $116.39 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The stock has a fifty day moving average of $94.43 and a 200-day moving average of $100.39. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $130.44. 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 (NYSE:COP - Get Free Report) last released its quarterly 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 net margin of 16.23% and a return on equity of 17.26%. Equities research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business 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 3.39%. ConocoPhillips's dividend payout ratio (DPR) is currently 40.05%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COP. Morgan Stanley reissued an "overweight" rating and issued a $116.00 price target on shares of ConocoPhillips in a report on Tuesday, April 15th. Wells Fargo & Company lowered their price target on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Bank of America downgraded shares of ConocoPhillips from a "buy" rating to a "neutral" rating and set a $107.00 price target on the stock. in a report on Tuesday. Raymond James downgraded shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and lowered their price target for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Finally, TD Cowen started coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They issued a "buy" rating and a $125.00 target price for the company. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, ConocoPhillips currently has an average rating of "Moderate Buy" and an average target price 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.