US Bancorp DE cut its holdings in ConocoPhillips (NYSE:COP) by 2.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 948,209 shares of the energy producer’s stock after selling 19,987 shares during the quarter. US Bancorp DE’s holdings in ConocoPhillips were worth $52,046,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in COP. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of ConocoPhillips by 468.8% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,820 shares of the energy producer’s stock worth $100,000 after purchasing an additional 1,500 shares during the last quarter. Krilogy Financial LLC raised its stake in shares of ConocoPhillips by 48.6% in the second quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock worth $105,000 after purchasing an additional 782 shares during the last quarter. Rocky Mountain Advisers LLC raised its stake in shares of ConocoPhillips by 140.2% in the third quarter. Rocky Mountain Advisers LLC now owns 2,392 shares of the energy producer’s stock worth $120,000 after purchasing an additional 1,396 shares during the last quarter. First Personal Financial Services raised its stake in shares of ConocoPhillips by 111.9% in the fourth quarter. First Personal Financial Services now owns 2,649 shares of the energy producer’s stock worth $145,000 after purchasing an additional 1,399 shares during the last quarter. Finally, Clear Perspective Advisors LLC raised its stake in shares of ConocoPhillips by 75.5% in the second quarter. Clear Perspective Advisors LLC now owns 2,790 shares of the energy producer’s stock worth $123,000 after purchasing an additional 1,200 shares during the last quarter. Institutional investors own 70.93% of the company’s stock.

ConocoPhillips (NYSE COP) opened at $53.41 on Tuesday. The company has a current ratio of 2.38, a quick ratio of 2.23 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $61,233.10, a P/E ratio of 71.26, a P/E/G ratio of 1.70 and a beta of 1.32. ConocoPhillips has a 12-month low of $42.26 and a 12-month high of $61.31.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, February 1st. The energy producer reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The company had revenue of $8.74 billion during the quarter, compared to analysts’ expectations of $7.70 billion. ConocoPhillips had a positive return on equity of 2.78% and a negative net margin of 2.04%. During the same period last year, the business earned ($0.26) earnings per share. equities analysts predict that ConocoPhillips will post 2.79 EPS for the current year.

ConocoPhillips announced that its Board of Directors has approved a stock repurchase plan on Wednesday, November 8th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the energy producer to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 1st. Shareholders of record on Monday, February 12th will be issued a $0.285 dividend. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.27. This represents a $1.14 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend is Friday, February 9th. ConocoPhillips’s dividend payout ratio (DPR) is presently -228.00%.

In other ConocoPhillips news, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were bought at an average cost of $52.06 per share, with a total value of $104,120.00. Following the completion of the acquisition, the director now owns 3,429 shares in the company, valued at $178,513.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.82% of the stock is currently owned by company insiders.

Several brokerages have recently issued reports on COP. Piper Jaffray Companies restated a “buy” rating and issued a $63.00 price objective on shares of ConocoPhillips in a research note on Wednesday, January 24th. Morgan Stanley raised their price objective on ConocoPhillips from $48.00 to $65.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Macquarie began coverage on ConocoPhillips in a research note on Wednesday, January 17th. They issued an “outperform” rating for the company. Cowen set a $70.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Barclays raised their price objective on ConocoPhillips from $59.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $59.06.

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ConocoPhillips Profile

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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