ConocoPhillips (COP) Position Maintained by Barings LLC

Barings LLC maintained its stake in ConocoPhillips (NYSE:COP) during the fourth quarter, Holdings Channel reports. The firm owned 137,542 shares of the company’s stock at the end of the fourth quarter. Barings LLC’s holdings in ConocoPhillips were worth $6,896,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in COP. FMR LLC raised its stake in ConocoPhillips by 17.3% in the fourth quarter. FMR LLC now owns 57,515,901 shares of the company’s stock worth $2,883,848,000 after buying an additional 8,487,514 shares in the last quarter. Franklin Resources Inc. raised its stake in ConocoPhillips by 156.5% in the fourth quarter. Franklin Resources Inc. now owns 8,242,882 shares of the company’s stock worth $413,364,000 after buying an additional 5,029,627 shares in the last quarter. Ameriprise Financial Inc. raised its stake in ConocoPhillips by 19.9% in the third quarter. Ameriprise Financial Inc. now owns 14,505,423 shares of the company’s stock worth $630,547,000 after buying an additional 2,408,335 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in ConocoPhillips by 1,125.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,210,409 shares of the company’s stock worth $110,902,000 after buying an additional 2,030,017 shares in the last quarter. Finally, State Street Corp raised its stake in ConocoPhillips by 3.3% in the fourth quarter. State Street Corp now owns 62,935,763 shares of the company’s stock worth $3,155,606,000 after buying an additional 1,984,973 shares in the last quarter. Institutional investors and hedge funds own 65.39% of the company’s stock.

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

Shares of ConocoPhillips (NYSE:COP) opened at 44.29 on Tuesday. The stock has a 50 day moving average of $47.27 and a 200-day moving average of $46.43. The firm’s market capitalization is $54.74 billion. ConocoPhillips has a 52 week low of $38.19 and a 52 week high of $53.17.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 2nd. The company reported ($0.26) EPS for the quarter, topping the consensus estimate of ($0.42) by $0.16. ConocoPhillips had a negative net margin of 14.84% and a negative return on equity of 8.73%. During the same quarter in the prior year, the company posted ($0.90) EPS. Equities analysts anticipate that ConocoPhillips will post $0.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Tuesday, February 14th were issued a dividend of $0.265 per share. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.25. This represents a $1.06 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Friday, February 10th. ConocoPhillips’s dividend payout ratio (DPR) is -36.43%.

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A number of research firms have recently issued reports on COP. Credit Suisse Group AG restated a “hold” rating and set a $53.00 price target on shares of ConocoPhillips in a report on Monday, December 19th. Howard Weil upgraded shares of ConocoPhillips to a “focus list” rating and boosted their price target for the company from $47.00 to $60.00 in a report on Thursday, December 15th. JPMorgan Chase & Co. restated an “overweight” rating on shares of ConocoPhillips in a report on Monday, December 12th. Cowen and Company upgraded shares of ConocoPhillips from a “hold” rating to an “outperform” rating and boosted their price target for the company from $47.00 to $59.00 in a report on Monday, December 12th. Finally, Wells Fargo & Co restated an “outperform” rating on shares of ConocoPhillips in a report on Saturday, January 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $56.81.

ConocoPhillips Company 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 six segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

5 Day Chart for NYSE:COP

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