Public Employees Retirement System of Ohio Buys 28,366 Shares of ConocoPhillips (NYSE:COP)

Public Employees Retirement System of Ohio boosted its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 552,821 shares of the energy producer's stock after buying an additional 28,366 shares during the period. Public Employees Retirement System of Ohio's holdings in ConocoPhillips were worth $54,823,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of COP. Albion Financial Group UT lifted its position in shares of ConocoPhillips by 876.9% in the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock worth $25,000 after purchasing an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in ConocoPhillips in the 4th quarter valued at approximately $26,000. Centricity Wealth Management LLC purchased a new stake in ConocoPhillips in the 4th quarter worth approximately $27,000. 10Elms LLP purchased a new stake in ConocoPhillips in the 4th quarter worth approximately $28,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of ConocoPhillips during the 4th quarter valued at $32,000. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

ConocoPhillips stock traded down $0.13 during trading hours on Wednesday, hitting $85.42. The stock had a trading volume of 3,235,247 shares, compared to its average volume of 7,381,121. The company has a 50-day moving average of $91.49 and a two-hundred day moving average of $97.89. 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 has a fifty-two week low of $79.88 and a fifty-two week high of $119.23. The company has a market cap of $107.98 billion, a PE ratio of 10.97, a price-to-earnings-growth 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 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. The business had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. During the same period in the prior year, the company posted $2.05 earnings per share. On average, equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

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. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Monday, May 19th. ConocoPhillips's dividend payout ratio is 39.64%.

Analyst Ratings Changes

COP has been the topic of a number of research reports. Bank of America dropped their price target on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Piper Sandler dropped their target price on ConocoPhillips from $114.00 to $107.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Barclays reduced their price target on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Scotiabank decreased their price objective on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Finally, Wells Fargo & Company cut their target price on ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating on the stock in a report on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.89.

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.