Deprince Race & Zollo Inc. Has $25.48 Million Stock Holdings in ConocoPhillips $COP

Deprince Race & Zollo Inc. decreased its holdings in ConocoPhillips (NYSE:COP) by 33.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 193,071 shares of the energy producer’s stock after selling 97,280 shares during the period. Deprince Race & Zollo Inc.’s holdings in ConocoPhillips were worth $25,485,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of COP. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of ConocoPhillips during the fourth quarter worth approximately $25,000. KERR FINANCIAL PLANNING Corp acquired a new position in ConocoPhillips in the third quarter valued at about $28,000. Board of the Pension Protection Fund bought a new stake in shares of ConocoPhillips during the 4th quarter worth approximately $28,000. Strive Asset Management LLC bought a new stake in ConocoPhillips during the third quarter worth $28,000. Finally, BNP Paribas bought a new stake in shares of ConocoPhillips during the 2nd quarter worth $33,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $103.25 on Thursday. The stock has a market cap of $125.78 billion, a price-to-earnings ratio of 17.53, a PEG ratio of 1.20 and a beta of 0.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a fifty-two week low of $85.57 and a fifty-two week high of $135.87. The firm’s 50-day simple moving average is $116.43 and its 200 day simple moving average is $112.12.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The business had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the prior year, the company posted $2.09 earnings per share. ConocoPhillips’s revenue was down 6.1% compared to the same quarter last year. As a group, research analysts anticipate that ConocoPhillips will post 9.66 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were issued a $0.84 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 annualized dividend and a dividend yield of 3.3%. ConocoPhillips’s dividend payout ratio is currently 57.05%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on COP. Wall Street Zen upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Zacks Research lowered ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Royal Bank Of Canada set a $130.00 target price on ConocoPhillips in a report on Monday, June 22nd. UBS Group boosted their price target on ConocoPhillips from $130.00 to $144.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Citigroup increased their price target on ConocoPhillips from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $134.76.

ConocoPhillips Company Profile

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.