ConocoPhillips (NYSE:COP) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lowered its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 274,234 shares of the energy producer's stock after selling 25,061 shares during the period. Mercer Global Advisors Inc. ADV's holdings in ConocoPhillips were worth $27,196,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

COP has been the subject of a number of recent research reports. Raymond James lowered shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and cut their target price for the company from $157.00 to $124.00 in a report on Monday, February 10th. Royal Bank of Canada dropped their price objective on shares of ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Barclays decreased their target price on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price target on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Finally, TD Cowen began coverage on ConocoPhillips in a research report on Friday, January 17th. They set a "buy" rating and a $125.00 target price on the stock. 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.79.

ConocoPhillips Price Performance

Shares of NYSE:COP traded down $3.80 during midday trading on Monday, reaching $87.61. 9,272,704 shares of the company's stock traded hands, compared to its average volume of 7,189,834. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The company has a market cap of $110.75 billion, a P/E ratio of 11.25, a PEG ratio of 0.79 and a beta of 0.64. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $125.22. The company has a fifty day simple moving average of $93.78 and a two-hundred day simple moving average of $99.95.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Equities analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio is presently 40.05%.

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.