ConocoPhillips (NYSE:COP) Shares Acquired by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH grew its stake in ConocoPhillips (NYSE:COP - Free Report) by 410.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,388 shares of the energy producer's stock after purchasing an additional 97,608 shares during the period. Siemens Fonds Invest GmbH's holdings in ConocoPhillips were worth $12,038,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of ConocoPhillips by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock valued at $4,546,706,000 after purchasing an additional 5,549,078 shares during the period. Leavell Investment Management Inc. increased its holdings in shares of ConocoPhillips by 59.8% in the fourth quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock valued at $1,901,000 after purchasing an additional 7,174 shares during the period. Heck Capital Advisors LLC acquired a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $1,767,000. Asset Management One Co. Ltd. grew its holdings in ConocoPhillips by 11.7% during the fourth quarter. Asset Management One Co. Ltd. now owns 519,371 shares of the energy producer's stock worth $50,345,000 after acquiring an additional 54,196 shares during the period. Finally, New York State Teachers Retirement System grew its holdings in ConocoPhillips by 7.4% during the fourth quarter. New York State Teachers Retirement System now owns 1,170,901 shares of the energy producer's stock worth $116,118,000 after acquiring an additional 80,199 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Trading Down 0.6%

Shares of ConocoPhillips stock traded down $0.48 during trading hours on Friday, reaching $85.12. The stock had a trading volume of 20,169,963 shares, compared to its average volume of 7,420,742. The firm has a 50 day simple moving average of $90.46 and a two-hundred day simple moving average of $97.44. The firm has a market capitalization of $107.61 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 0.79 and a beta of 0.64. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $118.40.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its 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 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 period last year, the business posted $2.05 EPS. As a group, equities research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

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 paid 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 3.67%. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on COP shares. Royal Bank of Canada dropped their price objective on ConocoPhillips from $120.00 to $115.00 and set an "outperform" rating on the stock in a report on Friday. Raymond James restated an "outperform" rating and issued a $109.00 price objective (up from $103.00) on shares of ConocoPhillips in a research report on Tuesday, May 20th. Bank of America reduced their price objective on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Scotiabank reduced their price objective on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Finally, Piper Sandler reduced their price objective on ConocoPhillips from $114.00 to $107.00 and set an "overweight" rating on the stock in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given 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 a consensus target price of $121.63.

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.