Ossiam Sells 478,858 Shares of ConocoPhillips (NYSE:COP)

Ossiam trimmed its stake in ConocoPhillips (NYSE:COP - Free Report) by 99.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,266 shares of the energy producer's stock after selling 478,858 shares during the period. Ossiam's holdings in ConocoPhillips were worth $225,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of COP. Norinchukin Bank The boosted its stake in ConocoPhillips by 30.8% in the fourth quarter. Norinchukin Bank The now owns 70,474 shares of the energy producer's stock worth $6,989,000 after buying an additional 16,589 shares in the last quarter. Capital International Inc. CA boosted its stake in ConocoPhillips by 14.1% in the fourth quarter. Capital International Inc. CA now owns 367,619 shares of the energy producer's stock worth $36,457,000 after buying an additional 45,460 shares in the last quarter. Capital World Investors boosted its stake in ConocoPhillips by 0.3% in the fourth quarter. Capital World Investors now owns 8,653,331 shares of the energy producer's stock worth $858,150,000 after buying an additional 26,157 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in ConocoPhillips by 9.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 12,021,394 shares of the energy producer's stock worth $1,191,984,000 after buying an additional 1,078,707 shares in the last quarter. Finally, Elevatus Welath Management boosted its stake in shares of ConocoPhillips by 9.9% during the fourth quarter. Elevatus Welath Management now owns 2,340 shares of the energy producer's stock valued at $232,000 after purchasing an additional 210 shares during the period. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Down 0.0 %

COP traded down $0.02 during midday trading on Friday, reaching $91.78. The company's stock had a trading volume of 4,736,631 shares, compared to its average volume of 7,163,329. The firm has a market capitalization of $116.03 billion, a price-to-earnings ratio of 11.78, 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 has a 1 year low of $79.88 and a 1 year high of $130.44. The stock's 50-day moving average is $94.56 and its 200-day moving average is $100.52.

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

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date was Friday, February 14th. ConocoPhillips's payout ratio is 40.05%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Royal Bank of Canada dropped their price objective on ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. UBS Group dropped their price objective on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Susquehanna set a $136.00 price objective on ConocoPhillips in a research note on Tuesday, April 22nd. Barclays dropped their price objective on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday. Finally, The Goldman Sachs Group set a $132.00 price objective on ConocoPhillips in a research note on Thursday, January 30th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $126.89.

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.