ConocoPhillips (NYSE:COP) Position Trimmed by Dupont Capital Management Corp

Dupont Capital Management Corp decreased its position in ConocoPhillips (NYSE:COPFree Report) by 2.5% in the fourth quarter, HoldingsChannel reports. The firm owned 109,253 shares of the energy producer’s stock after selling 2,842 shares during the period. ConocoPhillips accounts for about 1.1% of Dupont Capital Management Corp’s investment portfolio, making the stock its 28th biggest holding. Dupont Capital Management Corp’s holdings in ConocoPhillips were worth $12,681,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bayesian Capital Management LP bought a new position in shares of ConocoPhillips during the 2nd quarter valued at $5,592,000. Guidance Capital Inc. acquired a new stake in shares of ConocoPhillips in the second quarter worth $599,000. Bollard Group LLC grew its position in ConocoPhillips by 1.0% in the 2nd quarter. Bollard Group LLC now owns 130,043 shares of the energy producer’s stock worth $13,474,000 after purchasing an additional 1,233 shares during the last quarter. Capital Investment Counsel Inc acquired a new stake in ConocoPhillips in the 3rd quarter worth $228,000. Finally, Columbia Trust Co 01012016 grew its position in ConocoPhillips by 1.2% in the 4th quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock worth $1,098,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Trading Up 1.6 %

Shares of COP stock opened at $130.69 on Wednesday. ConocoPhillips has a 12-month low of $95.70 and a 12-month high of $130.84. The company has a market capitalization of $153.74 billion, a P/E ratio of 14.42, a P/E/G ratio of 2.92 and a beta of 1.24. The firm has a 50-day moving average price of $115.08 and a 200 day moving average price of $116.15. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COPGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.32. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. The firm had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. During the same period last year, the firm posted $2.71 EPS. Research analysts forecast that ConocoPhillips will post 8.81 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were paid a $0.78 dividend. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.39%. ConocoPhillips’s payout ratio is currently 25.61%.

Analysts Set New Price Targets

COP has been the topic of several research analyst reports. Susquehanna decreased their price target on shares of ConocoPhillips from $152.00 to $133.00 and set a “positive” rating on the stock in a research report on Friday, January 26th. Morgan Stanley raised their price target on shares of ConocoPhillips from $123.00 to $129.00 and gave the stock an “overweight” rating in a research report on Thursday, March 28th. Mizuho restated a “neutral” rating and issued a $139.00 price target (up from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Piper Sandler decreased their price target on shares of ConocoPhillips from $139.00 to $133.00 and set an “overweight” rating on the stock in a research report on Thursday, March 14th. Finally, JPMorgan Chase & Co. decreased their price target on shares of ConocoPhillips from $153.00 to $141.00 and set a “neutral” rating on the stock in a research report on Friday, December 8th. Six equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $135.35.

Check Out Our Latest Stock Report on ConocoPhillips

Insiders Place Their Bets

In other ConocoPhillips news, SVP Heather G. Hrap sold 4,548 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the transaction, the senior vice president now directly owns 2,654 shares of the company’s stock, valued at $293,399.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other ConocoPhillips news, CEO Ryan Michael Lance sold 607,000 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $125.91, for a total value of $76,427,370.00. Following the completion of the transaction, the chief executive officer now directly owns 6,780 shares of the company’s stock, valued at $853,669.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Heather G. Hrap sold 4,548 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total transaction of $502,781.40. Following the completion of the transaction, the senior vice president now directly owns 2,654 shares of the company’s stock, valued at $293,399.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 700,775 shares of company stock valued at $87,615,169. Insiders own 0.37% of the company’s stock.

About ConocoPhillips

(Free Report)

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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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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