Jacobs Levy Equity Management Inc. Has $2.84 Million Stake in ConocoPhillips (NYSE:COP)

Jacobs Levy Equity Management Inc. trimmed its stake in ConocoPhillips (NYSE:COP - Free Report) by 90.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,591 shares of the energy producer's stock after selling 262,246 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in ConocoPhillips were worth $2,835,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its stake in shares of ConocoPhillips by 7.0% in the fourth quarter. Janus Henderson Group PLC now owns 3,785,715 shares of the energy producer's stock worth $375,429,000 after purchasing an additional 248,283 shares during the period. Guardian Wealth Advisors LLC NC increased its position in ConocoPhillips by 35.4% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 5,908 shares of the energy producer's stock worth $586,000 after buying an additional 1,544 shares during the period. Gotham Asset Management LLC lifted its holdings in shares of ConocoPhillips by 31.3% during the fourth quarter. Gotham Asset Management LLC now owns 293,090 shares of the energy producer's stock worth $29,066,000 after buying an additional 69,936 shares during the last quarter. Focus Partners Wealth boosted its position in shares of ConocoPhillips by 29.5% in the fourth quarter. Focus Partners Wealth now owns 94,406 shares of the energy producer's stock valued at $9,362,000 after acquiring an additional 21,505 shares during the period. Finally, Ethic Inc. grew its stake in shares of ConocoPhillips by 208.4% in the fourth quarter. Ethic Inc. now owns 19,035 shares of the energy producer's stock worth $1,888,000 after acquiring an additional 12,862 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on COP shares. 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. Susquehanna reduced 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. Wells Fargo & Company lowered their price target on ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating on the stock in a research note on Wednesday. Mizuho reduced their price objective on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, TD Cowen started coverage on ConocoPhillips in a report on Friday, January 17th. They set a "buy" rating and a $125.00 price objective on the stock. Three equities 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 has a consensus rating of "Moderate Buy" and an average target price of $122.74.

ConocoPhillips Trading Up 0.3%

COP opened at $92.86 on Friday. The firm has a 50 day simple moving average of $93.30 and a 200 day simple moving average of $99.13. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $122.11. The company has a market cap of $117.39 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $15.74 billion. During the same period last year, the company earned $2.05 EPS. On average, sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

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 issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Monday, May 19th. ConocoPhillips's dividend payout ratio is currently 39.64%.

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.

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