GF Fund Management CO. LTD. acquired a new stake in ConocoPhillips (NYSE:COP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 353,680 shares of the energy producer's stock, valued at approximately $35,074,000. ConocoPhillips makes up 0.8% of GF Fund Management CO. LTD.'s portfolio, making the stock its 24th largest holding.
A number of other institutional investors have also made changes to their positions in COP. Tallon Kerry Patrick bought a new position in shares of ConocoPhillips in the 4th quarter valued at approximately $511,000. Fort Washington Investment Advisors Inc. OH grew its holdings in ConocoPhillips by 6.9% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 13,647 shares of the energy producer's stock valued at $1,353,000 after buying an additional 879 shares during the last quarter. Bartlett & CO. Wealth Management LLC grew its holdings in ConocoPhillips by 3.6% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 26,893 shares of the energy producer's stock valued at $2,667,000 after buying an additional 938 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in ConocoPhillips by 0.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 299,173 shares of the energy producer's stock valued at $29,669,000 after buying an additional 1,396 shares during the last quarter. Finally, Mutual Advisors LLC grew its holdings in ConocoPhillips by 12.0% in the 4th quarter. Mutual Advisors LLC now owns 15,381 shares of the energy producer's stock valued at $1,624,000 after buying an additional 1,642 shares during the last quarter. 82.36% of the stock is owned by institutional investors.
ConocoPhillips Price Performance
COP stock traded down $0.98 during trading on Wednesday, hitting $84.57. The company had a trading volume of 6,784,255 shares, compared to its average volume of 7,394,601. The company has a fifty day moving average price of $91.49 and a two-hundred day moving average price of $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 company has a market cap of $106.91 billion, a P/E ratio of 10.86, a P/E/G ratio of 0.79 and a beta of 0.64. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $119.23.
ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating the consensus estimate of $2.05 by $0.04. The business had revenue of $16.18 billion for 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 previous year, the firm earned $2.05 EPS. Equities research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.
ConocoPhillips Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be given a $0.78 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.69%. ConocoPhillips's payout ratio is 39.64%.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on COP shares. The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a report on Thursday, January 30th. Mizuho lowered their target price on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Royal Bank of Canada lowered their target price on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Bank of America lowered their target price on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Finally, Scotiabank lowered their target price on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Three 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. According to MarketBeat.com, ConocoPhillips presently has an average rating of "Moderate Buy" and an average price target of $121.89.
Read Our Latest Stock Report on ConocoPhillips
ConocoPhillips Company Profile
(
Free Report)
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.
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