Two Sigma Advisers LP Decreases Position in ConocoPhillips (NYSE:COP)

Two Sigma Advisers LP decreased its holdings in ConocoPhillips (NYSE:COP - Free Report) by 67.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,500 shares of the energy producer's stock after selling 206,107 shares during the period. Two Sigma Advisers LP's holdings in ConocoPhillips were worth $9,768,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of 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 worth $25,000 after purchasing an additional 228 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in shares of ConocoPhillips during the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC bought a new position in ConocoPhillips during the 4th quarter worth $27,000. Crowley Wealth Management Inc. bought a new position in ConocoPhillips during the 4th quarter worth $32,000. Finally, DiNuzzo Private Wealth Inc. increased its stake in ConocoPhillips by 310.1% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 365 shares of the energy producer's stock worth $36,000 after acquiring an additional 276 shares during the period. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Trading Down 0.6%

Shares of NYSE COP traded down $0.55 during trading hours on Wednesday, reaching $85.00. The stock had a trading volume of 1,882,225 shares, compared to its average volume of 7,375,991. The business's fifty day moving average price is $91.49 and its two-hundred day moving average price is $97.89. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The firm has a market cap of $107.46 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 0.79 and a beta of 0.64. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $119.23.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.04. The company had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. During the same quarter in the prior year, the business earned $2.05 earnings per share. Analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal 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 issued a dividend of $0.78 per share. The ex-dividend date is Monday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 3.67%. ConocoPhillips's dividend payout ratio is presently 39.64%.

Analyst Upgrades and Downgrades

A number of research firms have commented on COP. Piper Sandler lowered their price objective on ConocoPhillips from $114.00 to $107.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 13th. Susquehanna decreased their price target on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a research note on Monday, May 12th. Mizuho decreased their price target on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Royal Bank of Canada decreased their price target on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Wells Fargo & Company decreased their price target on ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 14th. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $121.89.

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.