Capital International Inc. CA Boosts Stock Position in ConocoPhillips (NYSE:COP)

Capital International Inc. CA increased its position in shares of ConocoPhillips (NYSE:COP) by 14.1% in the 4th quarter, HoldingsChannel reports. The fund owned 367,619 shares of the energy producer’s stock after acquiring an additional 45,460 shares during the period. Capital International Inc. CA’s holdings in ConocoPhillips were worth $36,457,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of COP. Vanguard Group Inc. boosted its position in shares of ConocoPhillips by 11.7% in the 4th quarter. Vanguard Group Inc. now owns 121,826,062 shares of the energy producer’s stock worth $12,081,491,000 after purchasing an additional 12,751,120 shares in the last quarter. Capital International Investors increased its holdings in shares of ConocoPhillips by 4.9% during the fourth quarter. Capital International Investors now owns 31,287,113 shares of the energy producer’s stock valued at $3,101,989,000 after acquiring an additional 1,473,027 shares in the last quarter. Geode Capital Management LLC boosted its stake in ConocoPhillips by 13.7% in the 4th quarter. Geode Capital Management LLC now owns 28,131,288 shares of the energy producer’s stock worth $2,792,521,000 after purchasing an additional 3,397,360 shares in the last quarter. Invesco Ltd. increased its stake in ConocoPhillips by 37.1% during the 4th quarter. Invesco Ltd. now owns 15,570,246 shares of the energy producer’s stock valued at $1,544,101,000 after purchasing an additional 4,211,939 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of ConocoPhillips by 6.4% during the fourth quarter. Franklin Resources Inc. now owns 14,420,058 shares of the energy producer’s stock valued at $1,430,034,000 after buying an additional 862,707 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Trading Up 3.0 %

Shares of ConocoPhillips stock opened at $88.96 on Friday. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $130.77. The stock has a market cap of $112.46 billion, a P/E ratio of 11.42, a P/E/G ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The stock’s 50 day simple moving average is $95.25 and its 200-day simple moving average is $101.44.

ConocoPhillips (NYSE:COP) last posted 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%. Analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Friday, February 14th. ConocoPhillips’s payout ratio is 40.05%.

Analyst Ratings Changes

A number of analysts have commented on COP shares. Raymond James cut ConocoPhillips from a “strong-buy” rating to an “outperform” rating and lowered their price target for the stock from $157.00 to $124.00 in a research report on Monday, February 10th. The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research note on Thursday, January 30th. Wells Fargo & Company cut their price objective on shares of ConocoPhillips from $131.00 to $116.00 and set an “overweight” rating on the stock in a research note on Tuesday. Scotiabank decreased their target price on shares of ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Finally, Royal Bank of Canada decreased their price objective on ConocoPhillips from $133.00 to $120.00 and set an “outperform” rating for the company in a report on Monday, April 14th. 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 company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $128.32.

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.