ConocoPhillips (NYSE:COP) is LRT Capital Management LLC's 3rd Largest Position

LRT Capital Management LLC grew its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 170.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,689 shares of the energy producer's stock after purchasing an additional 25,666 shares during the quarter. ConocoPhillips makes up approximately 3.2% of LRT Capital Management LLC's investment portfolio, making the stock its 3rd largest position. LRT Capital Management LLC's holdings in ConocoPhillips were worth $4,035,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Albion Financial Group UT increased its stake in shares of ConocoPhillips by 876.9% during the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after buying an additional 228 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips during the 4th quarter worth about $26,000. Centricity Wealth Management LLC purchased a new position in ConocoPhillips during the 4th quarter valued at about $27,000. Crowley Wealth Management Inc. purchased a new stake in shares of ConocoPhillips in the 4th quarter worth approximately $32,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of ConocoPhillips during the fourth quarter valued at approximately $35,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COP has been the subject of a number of recent research reports. Susquehanna reduced their price objective on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research note on Monday. Royal Bank of Canada decreased their price objective on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. TD Cowen assumed 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. Bank of America downgraded shares of ConocoPhillips from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $138.00 to $107.00 in a report on Tuesday, April 29th. Finally, Scotiabank lowered their price target on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $122.74.

ConocoPhillips Stock Performance

COP stock traded up $0.29 during midday trading on Thursday, reaching $92.86. The stock had a trading volume of 6,696,170 shares, compared to its average volume of 7,302,953. The firm has a fifty day simple moving average of $93.29 and a two-hundred day simple moving average of $99.20. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $122.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The stock has a market cap of $117.39 billion, a PE ratio of 11.92, a P/E/G ratio of 0.79 and a beta of 0.64.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. The firm had revenue of $16.18 billion during the quarter, compared to analysts' expectations of $15.74 billion. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. During the same period last year, the business posted $2.05 earnings per share. As a group, equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be paid a $0.78 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.36%. ConocoPhillips's payout ratio is currently 39.64%.

About ConocoPhillips

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.