ConocoPhillips (NYSE:COP) Shares Sold by FIL Ltd

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FIL Ltd cut its holdings in shares of ConocoPhillips (NYSE:COP) by 10.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 140,416 shares of the energy producer’s stock after selling 15,859 shares during the period. FIL Ltd’s holdings in ConocoPhillips were worth $5,616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hexagon Capital Partners LLC purchased a new position in shares of ConocoPhillips during the 3rd quarter valued at about $25,000. TFC Financial Management purchased a new position in ConocoPhillips during the third quarter valued at approximately $28,000. Klaas Financial Asset Advisors LLC purchased a new position in ConocoPhillips during the fourth quarter valued at approximately $31,000. Horan Capital Advisors LLC. acquired a new position in ConocoPhillips in the third quarter valued at approximately $35,000. Finally, Chiron Capital Management LLC purchased a new stake in ConocoPhillips in the 3rd quarter worth approximately $35,000. Institutional investors own 72.87% of the company’s stock.

COP stock opened at $50.88 on Tuesday. ConocoPhillips has a 1 year low of $20.84 and a 1 year high of $56.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.38 and a quick ratio of 2.16. The firm has a market capitalization of $54.58 billion, a PE ratio of -45.03, a price-to-earnings-growth ratio of 10.03 and a beta of 1.85. The business has a 50 day simple moving average of $44.71 and a 200-day simple moving average of $38.84.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Monday, February 1st. The energy producer reported ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.06. ConocoPhillips had a negative return on equity of 0.02% and a negative net margin of 5.66%. During the same quarter last year, the company earned $0.76 EPS. On average, equities research analysts expect that ConocoPhillips will post -0.9 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 1st. Investors of record on Friday, February 12th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date is Thursday, February 11th. ConocoPhillips’s dividend payout ratio is currently 47.91%.

A number of brokerages recently issued reports on COP. Truist increased their price target on shares of ConocoPhillips from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, December 31st. Mizuho upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and raised their target price for the company from $36.00 to $56.00 in a research report on Tuesday, January 12th. BMO Capital Markets upgraded ConocoPhillips to a “buy” rating and set a $56.00 price target for the company in a research note on Monday, January 11th. Bank of America raised ConocoPhillips from a “neutral” rating to a “buy” rating and raised their price objective for the company from $28.62 to $44.00 in a report on Monday, November 2nd. Finally, Scotiabank upgraded ConocoPhillips from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $45.00 to $56.00 in a research report on Thursday, January 14th. Three investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $51.32.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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