MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Holdings in ConocoPhillips (NYSE:COP)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 22.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 164,252 shares of the energy producer's stock after acquiring an additional 29,989 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in ConocoPhillips were worth $16,287,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in ConocoPhillips by 13.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock worth $4,546,706,000 after buying an additional 5,549,078 shares during the period. Leavell Investment Management Inc. increased its position in shares of ConocoPhillips by 59.8% during the fourth quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock worth $1,901,000 after acquiring an additional 7,174 shares during the period. Brookstone Capital Management raised its stake in shares of ConocoPhillips by 4.5% during the fourth quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock valued at $878,000 after acquiring an additional 383 shares in the last quarter. Heck Capital Advisors LLC purchased a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $1,767,000. Finally, Asset Management One Co. Ltd. grew its stake in ConocoPhillips by 11.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 519,371 shares of the energy producer's stock worth $50,345,000 after purchasing an additional 54,196 shares in the last quarter. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Up 0.3%

ConocoPhillips stock opened at $92.86 on Friday. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $122.11. The business has a fifty day moving average price of $93.30 and a 200-day moving average price of $99.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The stock has a market capitalization of $117.39 billion, a price-to-earnings ratio of 11.92, a PEG ratio of 0.79 and a beta of 0.64.

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, 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 during the quarter, compared to the consensus estimate of $15.74 billion. During the same quarter last year, the company earned $2.05 earnings per share. Equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced 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 3.36%. The ex-dividend date is Monday, May 19th. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Scotiabank decreased their target price on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. decreased their price objective on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Barclays dropped their target price on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on shares of ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Mizuho lowered their price target on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday. 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's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $122.74.

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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