Gotham Asset Management LLC Has $29.07 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Gotham Asset Management LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 31.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 293,090 shares of the energy producer's stock after acquiring an additional 69,936 shares during the quarter. ConocoPhillips comprises 0.3% of Gotham Asset Management LLC's holdings, making the stock its 24th largest holding. Gotham Asset Management LLC's holdings in ConocoPhillips were worth $29,066,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in shares of ConocoPhillips by 2.3% during the third quarter. Principal Financial Group Inc. now owns 1,474,270 shares of the energy producer's stock worth $155,211,000 after purchasing an additional 32,948 shares in the last quarter. Fortitude Family Office LLC raised its holdings in shares of ConocoPhillips by 11.1% during the fourth quarter. Fortitude Family Office LLC now owns 1,655 shares of the energy producer's stock valued at $164,000 after acquiring an additional 166 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in ConocoPhillips by 1.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 168,719 shares of the energy producer's stock worth $17,763,000 after purchasing an additional 1,838 shares during the period. ST Germain D J Co. Inc. boosted its holdings in shares of ConocoPhillips by 13.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 3,608 shares of the energy producer's stock worth $358,000 after purchasing an additional 436 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in ConocoPhillips by 8.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,790 shares of the energy producer's stock worth $178,000 after purchasing an additional 142 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

COP has been the topic of a number of research reports. Bank of America lowered shares of ConocoPhillips from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $138.00 to $107.00 in a research report on Tuesday, April 29th. JPMorgan Chase & Co. cut their price target 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. 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 target price on the stock. Mizuho dropped their price target on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Morgan Stanley raised their price target on shares of ConocoPhillips from $116.00 to $118.00 and gave the company an "overweight" rating in a research note on Friday. Three investment 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. According to MarketBeat, ConocoPhillips presently has a consensus rating of "Moderate Buy" and a consensus price target of $123.26.

ConocoPhillips Trading Up 1.2%

Shares of COP traded up $1.13 during trading hours on Tuesday, hitting $93.40. The stock had a trading volume of 538,717 shares, compared to its average volume of 7,265,890. The firm has a market cap of $118.07 billion, a P/E ratio of 11.94, a P/E/G ratio of 0.79 and a beta of 0.64. The company's fifty day simple moving average is $93.14 and its 200 day simple moving average is $99.28. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $122.56. 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 (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating 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 previous year, the business earned $2.05 EPS. Equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Monday, May 19th. ConocoPhillips's dividend payout ratio is 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.