Kovack Advisors Inc. raised its stake in ConocoPhillips (NYSE:COP) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,080 shares of the energy producer’s stock after acquiring an additional 279 shares during the period. Kovack Advisors Inc.’s holdings in ConocoPhillips were worth $628,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in COP. CNB Bank grew its holdings in shares of ConocoPhillips by 30.1% during the fourth quarter. CNB Bank now owns 3,805 shares of the energy producer’s stock worth $237,000 after purchasing an additional 880 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of ConocoPhillips by 6,059.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 7,910,095 shares of the energy producer’s stock worth $127,000 after purchasing an additional 7,781,667 shares during the last quarter. Abbrea Capital LLC grew its holdings in shares of ConocoPhillips by 16.5% during the fourth quarter. Abbrea Capital LLC now owns 18,359 shares of the energy producer’s stock worth $1,145,000 after purchasing an additional 2,595 shares during the last quarter. Fishman Jay A Ltd. MI lifted its stake in shares of ConocoPhillips by 0.4% during the fourth quarter. Fishman Jay A Ltd. MI now owns 38,267 shares of the energy producer’s stock valued at $2,386,000 after acquiring an additional 152 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of ConocoPhillips by 2.7% during the fourth quarter. Victory Capital Management Inc. now owns 70,462 shares of the energy producer’s stock valued at $4,393,000 after acquiring an additional 1,871 shares during the period. Hedge funds and other institutional investors own 71.32% of the company’s stock.

NYSE:COP opened at $70.65 on Thursday. ConocoPhillips has a 1-year low of $52.78 and a 1-year high of $80.24. The company has a current ratio of 1.79, a quick ratio of 1.66 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $80.00 billion, a price-to-earnings ratio of 15.60, a P/E/G ratio of 2.90 and a beta of 1.11.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, January 31st. The energy producer reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.08. ConocoPhillips had a return on equity of 16.91% and a net margin of 16.16%. The firm had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. Research analysts anticipate that ConocoPhillips will post 3.43 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Monday, February 11th will be paid a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 1.73%. The ex-dividend date of this dividend is Friday, February 8th. ConocoPhillips’s payout ratio is 26.93%.

COP has been the topic of several research reports. Zacks Investment Research lowered ConocoPhillips from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 3rd. Bank of America lowered ConocoPhillips from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research note on Friday, January 4th. Barclays reaffirmed a “buy” rating and set a $79.00 price target on shares of ConocoPhillips in a research note on Friday, January 11th. BMO Capital Markets set a $78.00 price target on ConocoPhillips and gave the company a “buy” rating in a research note on Monday, November 12th. Finally, Mizuho set a $68.00 price target on ConocoPhillips and gave the company a “hold” rating in a research note on Monday, December 3rd. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. ConocoPhillips presently has a consensus rating of “Buy” and a consensus price target of $76.41.

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About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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