Fideuram Asset Management Ireland dac Invests $1.45 Million in ConocoPhillips $COP

Fideuram Asset Management Ireland dac purchased a new position in ConocoPhillips (NYSE:COPFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,087 shares of the energy producer’s stock, valued at approximately $1,447,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. National Pension Service boosted its stake in shares of ConocoPhillips by 0.9% in the 4th quarter. National Pension Service now owns 3,265,028 shares of the energy producer’s stock worth $305,639,000 after buying an additional 27,942 shares during the last quarter. Rothschild Investment LLC boosted its stake in shares of ConocoPhillips by 1.2% in the 4th quarter. Rothschild Investment LLC now owns 23,612 shares of the energy producer’s stock worth $2,210,000 after buying an additional 283 shares during the last quarter. SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of ConocoPhillips in the 4th quarter worth $102,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of ConocoPhillips by 1.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 530,561 shares of the energy producer’s stock worth $49,666,000 after buying an additional 8,042 shares during the last quarter. Finally, Ilmarinen Mutual Pension Insurance Co purchased a new position in shares of ConocoPhillips in the 4th quarter worth $19,658,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Price Performance

NYSE COP opened at $114.01 on Friday. The company has a market capitalization of $138.90 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.29 and a beta of 0.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. The business’s fifty day moving average is $123.09 and its 200 day moving average is $108.46. ConocoPhillips has a fifty-two week low of $84.33 and a fifty-two week high of $135.87.

ConocoPhillips (NYSE:COPGet Free Report) last released its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.ConocoPhillips’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. Sell-side analysts predict that ConocoPhillips will post 9.92 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be given a dividend of $0.84 per share. The ex-dividend date is Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 2.9%. ConocoPhillips’s payout ratio is 57.05%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company raised their price target on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Jefferies Financial Group raised their price target on ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Morgan Stanley raised their price target on ConocoPhillips from $149.00 to $153.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Mizuho raised their price target on ConocoPhillips from $136.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Wall Street Zen upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Seventeen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.60.

Check Out Our Latest Report on ConocoPhillips

Insider Activity at ConocoPhillips

In other ConocoPhillips news, SVP Kelly Brunetti Rose sold 8,500 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $118.04, for a total transaction of $1,003,340.00. Following the sale, the senior vice president directly owned 32,984 shares of the company’s stock, valued at $3,893,431.36. This trade represents a 20.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy A. Leach sold 40,000 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $118.79, for a total value of $4,751,600.00. Following the sale, the director directly owned 411,211 shares in the company, valued at approximately $48,847,754.69. This represents a 8.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 734,891 shares of company stock valued at $93,345,692 in the last ninety days. Corporate insiders own 0.09% of the company’s stock.

About ConocoPhillips

(Free Report)

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.

Further Reading

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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