UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 221,607 Shares of ConocoPhillips (NYSE:COP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,791,906 shares of the energy producer's stock after selling 221,607 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.50% of ConocoPhillips worth $574,383,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Albion Financial Group UT raised its stake in shares of 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 purchasing an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in ConocoPhillips during the 4th quarter valued at about $26,000. Centricity Wealth Management LLC acquired a new stake in ConocoPhillips in the 4th quarter valued at approximately $27,000. Crowley Wealth Management Inc. acquired a new stake in ConocoPhillips in the fourth quarter worth about $32,000. Finally, Marshall Investment Management LLC acquired a new position in shares of ConocoPhillips during the fourth quarter valued at approximately $36,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Stock Down 1.1%

Shares of ConocoPhillips stock traded down $0.94 during trading hours on Monday, reaching $85.19. The company's stock had a trading volume of 6,786,423 shares, compared to its average volume of 7,397,724. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a one year low of $79.88 and a one year high of $119.23. The company has a market capitalization of $107.69 billion, a P/E ratio of 10.94, a P/E/G ratio of 0.79 and a beta of 0.64. The stock's fifty day simple moving average is $92.15 and its two-hundred day simple moving average is $98.16.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. The business had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. During the same quarter in the prior year, the company posted $2.05 earnings per share. On average, research analysts forecast 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. Investors of record on Monday, May 19th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Monday, May 19th. ConocoPhillips's payout ratio is currently 39.64%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Scotiabank reduced their price objective on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company lowered their price objective on ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 14th. Morgan Stanley increased their price objective on shares of ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Susquehanna reduced their price objective on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a research note on Monday, May 12th. Finally, UBS Group lowered their price target on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Three research 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 MarketBeat, ConocoPhillips has an average rating of "Moderate Buy" and an average price target of $121.89.

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.