ConocoPhillips (NYSE:COP) Stake Decreased by Boothbay Fund Management LLC

Boothbay Fund Management LLC cut its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 61.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,713 shares of the energy producer's stock after selling 5,849 shares during the quarter. Boothbay Fund Management LLC's holdings in ConocoPhillips were worth $368,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of COP. Anchor Investment Management LLC lifted its position in ConocoPhillips by 5.5% during the third quarter. Anchor Investment Management LLC now owns 11,322 shares of the energy producer's stock worth $1,192,000 after buying an additional 589 shares during the period. World Investment Advisors LLC boosted its holdings in shares of ConocoPhillips by 746.7% in the 3rd quarter. World Investment Advisors LLC now owns 43,928 shares of the energy producer's stock valued at $4,625,000 after purchasing an additional 38,740 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of ConocoPhillips by 42.7% during the 3rd quarter. Tidal Investments LLC now owns 103,553 shares of the energy producer's stock worth $10,902,000 after buying an additional 31,011 shares during the last quarter. Synovus Financial Corp raised its position in shares of ConocoPhillips by 1.3% in the 3rd quarter. Synovus Financial Corp now owns 45,995 shares of the energy producer's stock worth $4,842,000 after buying an additional 582 shares during the period. Finally, Franklin Resources Inc. grew its position in ConocoPhillips by 12.5% during the third quarter. Franklin Resources Inc. now owns 13,557,351 shares of the energy producer's stock valued at $1,469,163,000 after acquiring an additional 1,506,599 shares during the period. Hedge funds and other institutional investors own 82.36% of the company's stock.

Wall Street Analysts Forecast Growth

COP has been the topic of several research analyst reports. UBS Group reduced their price objective on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Morgan Stanley restated an "overweight" rating and set a $116.00 price objective on shares of ConocoPhillips in a research note on Tuesday, April 15th. Bank of America lowered ConocoPhillips from a "buy" rating to a "neutral" rating and lowered their target price for the company from $138.00 to $107.00 in a research note on Tuesday, April 29th. Royal Bank of Canada decreased their price target on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $124.79.

ConocoPhillips Stock Down 4.2 %

NYSE COP traded down $3.80 on Monday, hitting $87.61. 9,272,704 shares of the stock traded hands, compared to its average volume of 7,189,830. The company has a market capitalization of $110.75 billion, a P/E ratio of 11.25, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. The stock has a 50-day moving average of $93.78 and a 200 day moving average of $99.95. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. ConocoPhillips has a twelve month low of $79.88 and a twelve month 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 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, analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

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

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.