Css LLC Il Buys 10,571 Shares of ConocoPhillips (NYSE:COP)

Css LLC Il boosted its holdings in ConocoPhillips (NYSE:COP - Free Report) by 146.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,787 shares of the energy producer's stock after buying an additional 10,571 shares during the period. Css LLC Il's holdings in ConocoPhillips were worth $1,764,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Albion Financial Group UT grew its position in ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after acquiring an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in ConocoPhillips during the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC purchased a new position in shares of ConocoPhillips in the 4th quarter valued at about $27,000. Crowley Wealth Management Inc. acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at about $32,000. Finally, DiNuzzo Private Wealth Inc. raised its stake in ConocoPhillips by 310.1% in the 4th quarter. DiNuzzo Private Wealth Inc. now owns 365 shares of the energy producer's stock valued at $36,000 after purchasing an additional 276 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Bank of America downgraded ConocoPhillips from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $138.00 to $107.00 in a research note on Tuesday, April 29th. Morgan Stanley raised their price target on shares of ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. UBS Group dropped their price objective on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Finally, Mizuho dropped their price objective 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. 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.95.

ConocoPhillips Stock Down 0.9%

Shares of NYSE:COP opened at $89.63 on Wednesday. The firm has a market cap of $113.31 billion, a P/E ratio of 11.51, a P/E/G ratio of 0.79 and a beta of 0.64. 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 12-month low of $79.88 and a 12-month high of $121.73. The business has a fifty day simple moving average of $92.96 and a 200 day simple moving average of $98.77.

ConocoPhillips (NYSE:COP - Get Free Report) last announced 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 firm had revenue of $16.18 billion for the quarter, compared to the consensus estimate 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 previous year, the business earned $2.05 EPS. Analysts predict 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 will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a dividend of $0.78 per share. The ex-dividend date is Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.48%. ConocoPhillips's payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.