OMERS ADMINISTRATION Corp Has $7.10 Million Holdings in ConocoPhillips (NYSE:COP)

OMERS ADMINISTRATION Corp lessened its holdings in ConocoPhillips (NYSE:COP) by 9.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,584 shares of the energy producer’s stock after selling 7,578 shares during the period. OMERS ADMINISTRATION Corp’s holdings in ConocoPhillips were worth $7,099,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of COP. Albion Financial Group UT lifted its position in ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock worth $25,000 after acquiring an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new position in ConocoPhillips during the 4th quarter worth $26,000. Centricity Wealth Management LLC acquired a new position in ConocoPhillips during the 4th quarter worth $27,000. Crowley Wealth Management Inc. acquired a new position in ConocoPhillips during the 4th quarter worth $32,000. Finally, Retirement Wealth Solutions LLC acquired a new position in ConocoPhillips during the 4th quarter worth $35,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analysts Set New Price Targets

COP has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on shares of ConocoPhillips from $116.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. JPMorgan Chase & Co. dropped their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. UBS Group dropped their price objective on shares of ConocoPhillips from $116.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Raymond James downgraded shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Finally, Mizuho dropped their price objective on shares of ConocoPhillips from $127.00 to $125.00 and set an “outperform” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $122.89.

ConocoPhillips Price Performance

Shares of COP stock opened at $94.19 on Wednesday. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $122.17. The firm’s 50 day moving average is $93.25 and its 200-day moving average is $99.24. The firm has a market capitalization of $119.07 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.79 and a beta of 0.64. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.05 by $0.04. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. The company had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. During the same period in the prior year, the business earned $2.05 earnings per share. Sell-side analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.31%. ConocoPhillips’s dividend payout ratio is currently 39.64%.

ConocoPhillips Company 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.