ConocoPhillips (NYSE:COP) Shares Sold by Windmill Hill Asset Management Ltd

Windmill Hill Asset Management Ltd lessened its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 34.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,193 shares of the energy producer's stock after selling 3,277 shares during the quarter. ConocoPhillips accounts for about 0.2% of Windmill Hill Asset Management Ltd's holdings, making the stock its 19th biggest holding. Windmill Hill Asset Management Ltd's holdings in ConocoPhillips were worth $614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in COP. Price T Rowe Associates Inc. MD grew its holdings in ConocoPhillips by 13.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock worth $4,546,706,000 after acquiring an additional 5,549,078 shares in the last quarter. Leavell Investment Management Inc. lifted its position in 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 purchased a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $1,767,000. Asset Management One Co. Ltd. increased its holdings in shares of ConocoPhillips by 11.7% in the 4th quarter. Asset Management One Co. Ltd. now owns 519,371 shares of the energy producer's stock valued at $50,345,000 after purchasing an additional 54,196 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its stake in shares of ConocoPhillips by 7.4% in the fourth quarter. New York State Teachers Retirement System now owns 1,170,901 shares of the energy producer's stock valued at $116,118,000 after purchasing an additional 80,199 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on COP shares. Mizuho lowered their target price on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. UBS Group lowered their price target on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Raymond James reaffirmed an "outperform" rating and set a $109.00 price objective (up from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. 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. Finally, Morgan Stanley lifted their price target on ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, ConocoPhillips has an average rating of "Moderate Buy" and an average price target of $121.89.

ConocoPhillips Trading Down 1.1%

Shares of COP traded down $0.98 on Wednesday, hitting $84.57. 6,785,093 shares of the stock traded hands, compared to its average volume of 7,408,891. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $118.40. The firm has a market capitalization 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. The stock's 50 day moving average is $91.14 and its two-hundred day moving average is $97.80. 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 (NYSE:COP - Get Free Report) last posted 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 company had revenue of $16.18 billion during the quarter, compared to analysts' expectations 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. As a group, sell-side 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 paid a dividend of $0.78 per share. 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 dividend payout ratio is presently 39.64%.

About ConocoPhillips

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.