Nebula Research & Development LLC Buys 3,978 Shares of ConocoPhillips (NYSE:COP)

Nebula Research & Development LLC lifted its stake in ConocoPhillips (NYSE:COP - Free Report) by 49.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,982 shares of the energy producer's stock after purchasing an additional 3,978 shares during the period. Nebula Research & Development LLC's holdings in ConocoPhillips were worth $1,188,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Hancock Whitney Corp raised its position in shares of ConocoPhillips by 4.7% during the fourth quarter. Hancock Whitney Corp now owns 123,820 shares of the energy producer's stock worth $12,279,000 after acquiring an additional 5,607 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. lifted its position in ConocoPhillips by 9.0% during the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 100,218 shares of the energy producer's stock valued at $9,901,000 after purchasing an additional 8,241 shares during the period. Evercore Wealth Management LLC lifted its position in ConocoPhillips by 1.2% during the 4th quarter. Evercore Wealth Management LLC now owns 13,620 shares of the energy producer's stock valued at $1,351,000 after purchasing an additional 159 shares during the period. Adage Capital Partners GP L.L.C. boosted its stake in shares of ConocoPhillips by 116.5% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 4,318,179 shares of the energy producer's stock valued at $428,234,000 after purchasing an additional 2,324,080 shares during the last quarter. Finally, Syon Capital LLC grew its position in shares of ConocoPhillips by 27.5% during the 4th quarter. Syon Capital LLC now owns 33,403 shares of the energy producer's stock worth $3,313,000 after buying an additional 7,207 shares during the period. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Performance

Shares of NYSE:COP traded up $0.49 on Friday, reaching $91.14. 2,866,632 shares of the company's stock were exchanged, compared to its average volume of 7,159,267. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $125.22. The company has a fifty day moving average of $93.89 and a 200-day moving average of $100.13. The company has a market capitalization of $115.21 billion, a price-to-earnings ratio of 11.66, a PEG ratio of 0.79 and a beta of 0.83. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. On average, research analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a dividend of $0.78 per share. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.42%. ConocoPhillips's dividend payout ratio is currently 40.05%.

Analyst Ratings Changes

A number of equities analysts have issued reports on COP shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $116.00 price objective on shares of ConocoPhillips in a research note on Tuesday, April 15th. The Goldman Sachs Group set a $132.00 price objective on ConocoPhillips in a research note on Thursday, January 30th. Truist Financial raised their target price on ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Scotiabank lowered their price target on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Finally, Royal Bank of Canada lowered their target price 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. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $124.79.

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.