ConocoPhillips (NYSE:COP) Shares Acquired by IFM Investors Pty Ltd


Share on StockTwits

IFM Investors Pty Ltd boosted its holdings in ConocoPhillips (NYSE:COP) by 17.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,269 shares of the energy producer’s stock after acquiring an additional 15,516 shares during the quarter. IFM Investors Pty Ltd’s holdings in ConocoPhillips were worth $4,170,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in COP. TFC Financial Management bought a new stake in ConocoPhillips in the third quarter worth $28,000. Hexagon Capital Partners LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter worth about $25,000. Chiron Capital Management LLC acquired a new position in shares of ConocoPhillips during the 3rd quarter valued at about $35,000. Horan Capital Advisors LLC. bought a new position in shares of ConocoPhillips in the 3rd quarter valued at approximately $35,000. Finally, Planned Solutions Inc. acquired a new stake in ConocoPhillips in the 3rd quarter worth approximately $39,000. 72.87% of the stock is currently owned by hedge funds and other institutional investors.

COP stock opened at $47.03 on Thursday. The company has a fifty day moving average price of $42.02 and a two-hundred day moving average price of $37.86. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.38 and a quick ratio of 2.16. The stock has a market cap of $50.45 billion, a price-to-earnings ratio of -41.62, a price-to-earnings-growth ratio of 9.90 and a beta of 1.85. ConocoPhillips has a one year low of $20.84 and a one year high of $65.61.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, October 29th. The energy producer reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.01). The firm had revenue of $4.38 billion for the quarter, compared to the consensus estimate of $4.98 billion. ConocoPhillips had a negative return on equity of 0.02% and a negative net margin of 5.66%. During the same quarter in the prior year, the firm earned $0.82 EPS. Research analysts anticipate that ConocoPhillips will post -0.89 EPS for the current fiscal year.

COP has been the topic of several analyst reports. Royal Bank of Canada reiterated a “buy” rating on shares of ConocoPhillips in a report on Wednesday, October 14th. Mizuho upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price target for the company from $36.00 to $56.00 in a report on Tuesday. Truist increased their price objective on ConocoPhillips from $40.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, December 31st. Evercore ISI began coverage on ConocoPhillips in a research note on Thursday, December 17th. They issued a $54.00 target price on the stock. Finally, ValuEngine raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Monday, November 16th. Three equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $53.11.

ConocoPhillips Profile

ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East; Other International; and Corporate & Other.

Recommended Story: Inverted Yield Curve

Want to see what other hedge funds are holding COP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP).

Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.com's FREE daily email newsletter.