Tokio Marine Asset Management Co. Ltd. Buys 1,452 Shares of ConocoPhillips (NYSE:COP)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of ConocoPhillips (NYSE:COP) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,701 shares of the energy producer’s stock after acquiring an additional 1,452 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in ConocoPhillips were worth $5,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new position in shares of ConocoPhillips in the 3rd quarter worth approximately $27,000. West Branch Capital LLC grew its holdings in ConocoPhillips by 87.8% during the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after acquiring an additional 108 shares during the period. Oliver Lagore Vanvalin Investment Group raised its position in shares of ConocoPhillips by 63.1% in the 3rd quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock worth $34,000 after acquiring an additional 111 shares in the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of ConocoPhillips in the 3rd quarter valued at about $40,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of ConocoPhillips during the 3rd quarter valued at about $44,000. 82.36% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COP has been the subject of a number of research analyst reports. UBS Group lifted their target price on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Mizuho reiterated a “neutral” rating and set a $139.00 target price (up previously from $132.00) on shares of ConocoPhillips in a research report on Friday, March 22nd. Susquehanna increased their target price on shares of ConocoPhillips from $133.00 to $154.00 and gave the stock a “positive” rating in a research note on Monday. Raymond James decreased their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Finally, Scotiabank increased their price objective on shares of ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $143.24.

Insiders Place Their Bets

In related news, SVP Heather G. Hrap sold 4,548 shares of ConocoPhillips stock in a transaction that occurred on 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 in the company, valued at approximately $293,399.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Heather G. Hrap sold 4,548 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total transaction of $502,781.40. Following the transaction, the senior vice president now directly owns 2,654 shares of the company’s stock, valued at approximately $293,399.70. The disclosure for this sale can be found here. Insiders sold 700,775 shares of company stock worth $87,615,169 over the last quarter. 0.34% of the stock is currently owned by company insiders.

ConocoPhillips Stock Down 0.4 %

Shares of COP stock traded down $0.57 on Wednesday, hitting $129.27. The stock had a trading volume of 3,846,568 shares, compared to its average volume of 5,377,396. ConocoPhillips has a 12-month low of $95.70 and a 12-month high of $135.18. The stock has a market cap of $152.07 billion, a price-to-earnings ratio of 14.27, a price-to-earnings-growth ratio of 2.73 and a beta of 1.24. The business has a 50 day moving average of $121.71 and a 200 day moving average of $117.49. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.29.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.08 by $0.32. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. The firm had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. During the same quarter in the prior year, the company earned $2.71 EPS. As a group, analysts expect that ConocoPhillips will post 9.47 EPS for the current year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a dividend of $0.78 per share. 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 annualized dividend and a yield of 2.41%. ConocoPhillips’s dividend payout ratio is 25.61%.

ConocoPhillips Profile

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.