ConocoPhillips (NYSE:COP) Shares Acquired by Union Bancaire Privee UBP SA

Union Bancaire Privee UBP SA grew its holdings in ConocoPhillips (NYSE:COP - Free Report) by 389.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,417 shares of the energy producer's stock after acquiring an additional 6,699 shares during the period. Union Bancaire Privee UBP SA's holdings in ConocoPhillips were worth $884,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its position in shares of ConocoPhillips by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock valued at $4,546,706,000 after acquiring an additional 5,549,078 shares during the period. Leavell Investment Management Inc. grew its holdings in ConocoPhillips by 59.8% in the fourth quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock valued at $1,901,000 after purchasing an additional 7,174 shares during the period. Asset Management One Co. Ltd. increased its position in shares of ConocoPhillips by 11.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 519,371 shares of the energy producer's stock valued at $50,345,000 after buying an additional 54,196 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of ConocoPhillips by 7.4% in the fourth quarter. New York State Teachers Retirement System now owns 1,170,901 shares of the energy producer's stock valued at $116,118,000 after buying an additional 80,199 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of ConocoPhillips by 26.2% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 43,384 shares of the energy producer's stock worth $4,302,000 after buying an additional 9,002 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Susquehanna cut their price target on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a report on Monday, May 12th. Piper Sandler cut their target price on shares of ConocoPhillips from $114.00 to $107.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Wells Fargo & Company decreased their price target on shares of ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 14th. Citigroup cut their price objective on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday. Finally, Mizuho reduced their target price on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $121.30.

ConocoPhillips Trading Up 2.4%

NYSE:COP traded up $2.31 during trading hours on Friday, hitting $97.00. The company had a trading volume of 16,786,406 shares, compared to its average volume of 7,478,713. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $118.40. The company has a market cap of $122.63 billion, a P/E ratio of 12.45, a P/E/G ratio of 0.79 and a beta of 0.61. The company has a 50-day moving average of $88.62 and a 200 day moving average of $96.02. 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 (NYSE:COP - Get Free Report) last released 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. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. The firm had revenue of $16.18 billion during the quarter, compared to analysts' expectations of $15.74 billion. During the same period last year, the business earned $2.05 earnings per share. Sell-side analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a dividend of $0.78 per share. The ex-dividend date was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.22%. ConocoPhillips's dividend 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.