Schonfeld Strategic Advisors LLC Raises Stake in ConocoPhillips (NYSE:COP)

Schonfeld Strategic Advisors LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 187.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 58,826 shares of the energy producer's stock after buying an additional 38,363 shares during the period. Schonfeld Strategic Advisors LLC's holdings in ConocoPhillips were worth $5,834,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of COP. Paloma Partners Management Co increased its holdings in ConocoPhillips by 138.9% during the fourth quarter. Paloma Partners Management Co now owns 769,200 shares of the energy producer's stock valued at $76,282,000 after buying an additional 447,256 shares during the last quarter. AQR Capital Management LLC lifted its stake in ConocoPhillips by 83.1% in the fourth quarter. AQR Capital Management LLC now owns 1,605,903 shares of the energy producer's stock worth $158,005,000 after purchasing an additional 728,872 shares during the last quarter. California State Teachers Retirement System increased its stake in ConocoPhillips by 7.3% in the 4th quarter. California State Teachers Retirement System now owns 1,555,952 shares of the energy producer's stock worth $154,304,000 after buying an additional 106,037 shares during the period. Lido Advisors LLC raised its position in ConocoPhillips by 149.1% during the 4th quarter. Lido Advisors LLC now owns 185,079 shares of the energy producer's stock valued at $18,354,000 after purchasing an additional 110,781 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of ConocoPhillips by 27.6% in the 4th quarter. Northern Trust Corp now owns 13,757,835 shares of the energy producer's stock worth $1,364,364,000 after acquiring an additional 2,971,661 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Up 0.1 %

Shares of COP stock traded up $0.05 during mid-day trading on Wednesday, hitting $87.68. The company's stock had a trading volume of 8,972,097 shares, compared to its average volume of 7,213,889. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $124.94. The stock has a market cap of $110.84 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 0.79 and a beta of 0.64. The business has a 50-day moving average price of $93.42 and a 200 day moving average price of $99.74.

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

ConocoPhillips Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.56%. ConocoPhillips's dividend payout ratio is presently 40.05%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on COP shares. Wells Fargo & Company cut their price target on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a report on Thursday, January 30th. Truist Financial raised their target price on ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a report on Monday, January 13th. UBS Group cut their target price on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $124.79.

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.