ConocoPhillips (NYSE:COP) Stock Holdings Increased by First Trust Advisors LP

First Trust Advisors LP grew its holdings in shares of ConocoPhillips (NYSE:COP) by 25.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,756,849 shares of the energy producer’s stock after purchasing an additional 557,229 shares during the period. First Trust Advisors LP’s holdings in ConocoPhillips were worth $273,397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of COP. Forum Financial Management LP grew its position in ConocoPhillips by 23.4% in the 4th quarter. Forum Financial Management LP now owns 23,049 shares of the energy producer’s stock valued at $2,286,000 after buying an additional 4,370 shares in the last quarter. Freedom Investment Management Inc. lifted its stake in shares of ConocoPhillips by 24.3% in the 4th quarter. Freedom Investment Management Inc. now owns 11,709 shares of the energy producer’s stock worth $1,161,000 after acquiring an additional 2,291 shares during the period. HITE Hedge Asset Management LLC boosted its holdings in shares of ConocoPhillips by 33.3% in the fourth quarter. HITE Hedge Asset Management LLC now owns 354,258 shares of the energy producer’s stock valued at $35,132,000 after acquiring an additional 88,565 shares in the last quarter. GeoWealth Management LLC boosted its holdings in shares of ConocoPhillips by 19.0% in the fourth quarter. GeoWealth Management LLC now owns 8,564 shares of the energy producer’s stock valued at $849,000 after acquiring an additional 1,367 shares in the last quarter. Finally, Belmont Capital LLC increased its stake in shares of ConocoPhillips by 414.0% during the fourth quarter. Belmont Capital LLC now owns 5,325 shares of the energy producer’s stock valued at $528,000 after acquiring an additional 4,289 shares during the period. 82.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

COP has been the subject of a number of research analyst reports. Truist Financial upped their target price on ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. JPMorgan Chase & Co. cut their price objective on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. UBS Group lowered their target price on ConocoPhillips from $116.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays cut their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $116.00 price objective on shares of ConocoPhillips in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and an average price target of $128.32.

ConocoPhillips Trading Up 3.0 %

Shares of NYSE COP opened at $88.96 on Friday. 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 one year low of $79.88 and a one year high of $130.77. The business has a 50-day moving average price of $95.25 and a two-hundred day moving average price of $101.44. The firm has a market capitalization of $112.46 billion, a PE ratio of 11.42, a PEG ratio of 0.79 and a beta of 0.83.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating 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%. As a group, analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

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

About ConocoPhillips

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.