ConocoPhillips (NYSE:COP) Stock Position Increased by Chelsea Counsel Co.

Chelsea Counsel Co. raised its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 593.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,680 shares of the energy producer's stock after purchasing an additional 9,996 shares during the period. Chelsea Counsel Co.'s holdings in ConocoPhillips were worth $1,158,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Murphy & Mullick Capital Management Corp bought a new stake in ConocoPhillips during the fourth quarter valued at about $26,000. Centricity Wealth Management LLC purchased a new stake in ConocoPhillips in the 4th quarter valued at about $27,000. 10Elms LLP purchased a new stake in ConocoPhillips during the fourth quarter worth $28,000. Crowley Wealth Management Inc. purchased a new stake in ConocoPhillips during the fourth quarter worth $32,000. Finally, DiNuzzo Private Wealth Inc. increased its position in shares of ConocoPhillips by 310.1% during the fourth quarter. DiNuzzo Private Wealth Inc. now owns 365 shares of the energy producer's stock worth $36,000 after purchasing an additional 276 shares in the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COP has been the topic of several analyst reports. The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a research report on Thursday, January 30th. UBS Group decreased their price target on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Mizuho decreased their target price on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Piper Sandler reduced their price target on shares of ConocoPhillips from $114.00 to $107.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Finally, Barclays reduced their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, ConocoPhillips presently has an average rating of "Moderate Buy" and an average target price of $121.89.

ConocoPhillips Stock Performance

Shares of NYSE:COP traded up $0.95 on Thursday, reaching $85.53. The company's stock had a trading volume of 6,999,340 shares, compared to its average volume of 7,379,775. The stock's 50-day moving average is $91.14 and its two-hundred day moving average is $97.80. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $118.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The stock has a market capitalization of $108.12 billion, a P/E ratio of 10.98, a PEG ratio of 0.79 and a beta of 0.64.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.04. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. The company had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. During the same period in the prior year, the business posted $2.05 earnings per share. As a group, sell-side analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.65%. ConocoPhillips's dividend payout ratio (DPR) is 39.64%.

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.