Quantinno Capital Management LP Has $15.28 Million Stake in ConocoPhillips (NYSE:COP)

Quantinno Capital Management LP grew its holdings in ConocoPhillips (NYSE:COP - Free Report) by 51.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 154,086 shares of the energy producer's stock after purchasing an additional 52,096 shares during the quarter. Quantinno Capital Management LP's holdings in ConocoPhillips were worth $15,281,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in COP. Harbor Capital Advisors Inc. lifted its position in shares of ConocoPhillips by 8.6% during the fourth quarter. Harbor Capital Advisors Inc. now owns 1,790 shares of the energy producer's stock worth $178,000 after purchasing an additional 142 shares in the last quarter. Aprio Wealth Management LLC raised its position in shares of ConocoPhillips by 5.8% during the fourth quarter. Aprio Wealth Management LLC now owns 2,249 shares of the energy producer's stock worth $223,000 after acquiring an additional 124 shares during the last quarter. Trust Co. of Toledo NA OH lifted its position in ConocoPhillips by 11.9% during the 4th quarter. Trust Co. of Toledo NA OH now owns 7,394 shares of the energy producer's stock valued at $733,000 after purchasing an additional 787 shares during the period. Brookstone Capital Management boosted its stake in ConocoPhillips by 4.5% in 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 during the last quarter. Finally, Capital Investment Advisors LLC grew its holdings in ConocoPhillips by 1.8% during the 4th quarter. Capital Investment Advisors LLC now owns 17,629 shares of the energy producer's stock worth $1,748,000 after acquiring an additional 311 shares during the period. Institutional investors own 82.36% of the company's stock.

Wall Street Analyst Weigh In

COP has been the topic of several recent research reports. Barclays reduced their price target on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Wells Fargo & Company decreased their target price on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. TD Cowen initiated coverage on shares of ConocoPhillips in a report on Friday, January 17th. They issued a "buy" rating and a $125.00 price target for the company. Mizuho dropped their target price on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday. Finally, Royal Bank of Canada cut their price target on shares of ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $122.89.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $94.19 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $119.07 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 0.79 and a beta of 0.64. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $122.17. The company has a 50-day simple moving average of $93.25 and a two-hundred day simple moving average of $99.24.

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 (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.04. The business had revenue of $16.18 billion for the quarter, compared to the consensus estimate of $15.74 billion. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. During the same quarter in the prior year, the business posted $2.05 earnings per share. Analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently declared 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 3.31%. The ex-dividend date is Monday, May 19th. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

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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