Game Creek Capital LP Reduces Stake in ConocoPhillips (NYSE:COP)

Game Creek Capital LP reduced its stake in ConocoPhillips (NYSE:COP - Free Report) by 40.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 5,500 shares of the energy producer's stock after selling 3,750 shares during the quarter. Game Creek Capital LP's holdings in ConocoPhillips were worth $545,000 at the end of the most recent reporting period.

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

ConocoPhillips Stock Performance

NYSE COP traded up $1.28 during trading hours on Tuesday, hitting $93.55. 538,717 shares of the stock were exchanged, compared to its average volume of 7,266,049. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $122.56. The stock has a 50-day moving average of $93.14 and a 200 day moving average of $99.28. The company has a market cap of $118.27 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. 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 issued its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) 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 business had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. During the same period in the prior year, the business posted $2.05 EPS. As a group, equities research analysts forecast 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.34%. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Susquehanna lowered their target price on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research note on Monday. UBS Group reduced their price objective on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Mizuho dropped 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. Raymond James cut shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and reduced their price target for the company from $157.00 to $124.00 in a research report on Monday, February 10th. Finally, Wells Fargo & Company cut their target price on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a research 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 issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $123.26.

ConocoPhillips Company 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.