OMERS ADMINISTRATION Corp Lowers Holdings in ConocoPhillips (NYSE:COP)

OMERS ADMINISTRATION Corp decreased its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,584 shares of the energy producer's stock after selling 7,578 shares during the period. OMERS ADMINISTRATION Corp's holdings in ConocoPhillips were worth $7,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of COP. Albion Financial Group UT boosted its holdings in 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 buying an additional 228 shares during the period. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips in the 4th quarter worth $26,000. Centricity Wealth Management LLC bought a new position in ConocoPhillips in the 4th quarter worth $27,000. Crowley Wealth Management Inc. bought a new position in ConocoPhillips in the 4th quarter worth $32,000. Finally, Retirement Wealth Solutions LLC bought a new position in ConocoPhillips in the 4th quarter worth $35,000. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Trading Down 0.7%

NYSE COP traded down $0.62 during trading on Friday, hitting $92.34. The stock had a trading volume of 6,693,880 shares, compared to its average volume of 7,325,888. 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 stock has a market capitalization of $116.73 billion, a price-to-earnings ratio of 11.85, a P/E/G ratio of 0.79 and a beta of 0.64. ConocoPhillips has a one year low of $79.88 and a one year high of $122.11. The stock has a 50 day simple moving average of $93.24 and a 200 day simple moving average of $99.03.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. During the same quarter last year, the firm earned $2.05 earnings per share. Sell-side analysts predict 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. Shareholders of record on Monday, May 19th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Monday, May 19th. ConocoPhillips's payout ratio is currently 39.64%.

Analyst Upgrades and Downgrades

Several research firms have commented on COP. UBS Group dropped their price objective on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Scotiabank cut their price objective 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. Barclays cut their price objective on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Royal Bank of Canada cut their price objective on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a research report on Monday, April 14th. Finally, Bank of America lowered ConocoPhillips from a "buy" rating to a "neutral" rating and cut their price objective for the company from $138.00 to $107.00 in a research report on Tuesday, April 29th. Three analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.74.

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.