IFM Investors Pty Ltd Has $23.16 Million Position in ConocoPhillips $COP

Key Points

• IFM Investors Pty Ltd increased its holdings in ConocoPhillips by 4.4%, acquiring 10,991 additional shares, resulting in a total of 258,121 shares worth approximately $23.16 million.
• ConocoPhillips reported earnings of $1.42 EPS for the last quarter, surpassing estimates by $0.06, with revenues of $14.94 billion, a 4.3% increase year-over-year.
• The company has declared a quarterly dividend of $0.78 per share, indicating an annualized dividend of $3.12 and a yield of 3.3%.

IFM Investors Pty Ltd boosted its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 4.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 258,121 shares of the energy producer's stock after acquiring an additional 10,991 shares during the quarter. IFM Investors Pty Ltd's holdings in ConocoPhillips were worth $23,164,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of COP. Charles Schwab Investment Management Inc. raised its holdings in shares of ConocoPhillips by 379.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 40,094,754 shares of the energy producer's stock worth $4,210,751,000 after acquiring an additional 31,736,423 shares in the last quarter. Nuveen LLC purchased a new stake in shares of ConocoPhillips during the first quarter worth $658,981,000. AQR Capital Management LLC raised its holdings in shares of ConocoPhillips by 190.5% during the first quarter. AQR Capital Management LLC now owns 4,664,408 shares of the energy producer's stock worth $484,539,000 after acquiring an additional 3,058,505 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of ConocoPhillips by 10,440.1% during the first quarter. GAMMA Investing LLC now owns 2,964,189 shares of the energy producer's stock worth $311,299,000 after acquiring an additional 2,936,066 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of ConocoPhillips by 30.2% during the first quarter. Goldman Sachs Group Inc. now owns 8,972,545 shares of the energy producer's stock worth $942,297,000 after acquiring an additional 2,080,625 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Mizuho cut their price objective on ConocoPhillips from $125.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, September 15th. Scotiabank increased their price objective on ConocoPhillips from $95.00 to $100.00 and gave the stock a "sector perform" rating in a report on Friday, July 11th. UBS Group increased their price objective on ConocoPhillips from $116.00 to $124.00 and gave the stock a "buy" rating in a report on Wednesday, August 20th. Morgan Stanley reissued an "overweight" rating and set a $123.00 target price (up from $119.00) on shares of ConocoPhillips in a research report on Sunday, August 10th. Finally, Melius Research started coverage on shares of ConocoPhillips in a research report on Wednesday, August 20th. They set a "hold" rating and a $117.00 target price on the stock. Sixteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $120.62.

ConocoPhillips Stock Down 1.7%

ConocoPhillips stock traded down $1.59 during mid-day trading on Friday, hitting $91.89. 15,283,514 shares of the company's stock were exchanged, compared to its average volume of 5,903,118. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The stock has a market cap of $114.77 billion, a P/E ratio of 12.33, a P/E/G ratio of 2.42 and a beta of 0.69. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $116.08. The stock has a 50 day moving average of $94.59 and a two-hundred day moving average of $92.94.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, topping the consensus estimate of $1.36 by $0.06. The firm had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The business's quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.98 earnings per share. As a group, analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips's dividend payout ratio (DPR) is currently 41.88%.

ConocoPhillips 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.