ConocoPhillips (NYSE:COP) Shares Sold by First Manhattan CO. LLC.

First Manhattan CO. LLC. lessened its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,228 shares of the energy producer's stock after selling 3,587 shares during the quarter. First Manhattan CO. LLC.'s holdings in ConocoPhillips were worth $13,906,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Albion Financial Group UT boosted its position in shares of ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp bought a new stake in shares of ConocoPhillips during the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC acquired a new stake in shares of ConocoPhillips in the 4th quarter valued at $27,000. Crowley Wealth Management Inc. acquired a new position in ConocoPhillips during the 4th quarter valued at about $32,000. Finally, Marshall Investment Management LLC bought a new position in ConocoPhillips in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Trading Up 2.1%

Shares of NYSE COP traded up $1.92 during mid-day trading on Tuesday, reaching $94.19. The company had a trading volume of 8,293,367 shares, compared to its average volume of 7,299,539. 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 stock has a market cap of $119.07 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. The business's 50-day moving average is $93.14 and its 200-day moving average is $99.28. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $122.17.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.04. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. The firm had revenue of $16.18 billion during the quarter, compared to analysts' expectations of $15.74 billion. During the same period in the prior year, the business posted $2.05 EPS. Equities analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business 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. The ex-dividend date is Monday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 3.31%. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on COP. Raymond James downgraded ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $157.00 to $124.00 in a research note on Monday, February 10th. JPMorgan Chase & Co. cut their target price on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Scotiabank decreased their price objective on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. TD Cowen began coverage on shares of ConocoPhillips in a research report on Friday, January 17th. They issued a "buy" rating and a $125.00 price target for the company. Finally, Truist Financial raised their target price on shares of ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a report on Monday, January 13th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, ConocoPhillips currently has an average rating of "Moderate Buy" and an average target price of $122.89.

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.