Candriam S.C.A. Acquires 6,034 Shares of ConocoPhillips $COP

Candriam S.C.A. boosted its stake in shares of ConocoPhillips (NYSE:COP) by 7.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 88,282 shares of the energy producer’s stock after buying an additional 6,034 shares during the period. Candriam S.C.A.’s holdings in ConocoPhillips were worth $11,653,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Capital International Investors raised its holdings in shares of ConocoPhillips by 5.9% during the fourth quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock worth $4,527,230,000 after acquiring an additional 2,714,663 shares during the period. AQR Capital Management LLC boosted its stake in ConocoPhillips by 229.2% in the 4th quarter. AQR Capital Management LLC now owns 3,595,177 shares of the energy producer’s stock worth $336,544,000 after purchasing an additional 2,503,156 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in ConocoPhillips by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock worth $3,880,151,000 after purchasing an additional 2,350,645 shares during the period. Ameriprise Financial Inc. increased its holdings in ConocoPhillips by 20.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,994,674 shares of the energy producer’s stock worth $1,228,886,000 after purchasing an additional 2,216,010 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in ConocoPhillips during the 3rd quarter worth about $135,265,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Up 0.0%

Shares of COP stock opened at $109.06 on Monday. The firm’s fifty day moving average price is $114.15 and its two-hundred day moving average price is $112.79. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.87. The firm has a market capitalization of $132.86 billion, a P/E ratio of 18.52, a PEG ratio of 1.31 and a beta of 0.12.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 EPS. On average, equities analysts predict that ConocoPhillips will post 9.28 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, May 11th. ConocoPhillips’s dividend payout ratio is presently 57.05%.

Analyst Ratings Changes

A number of analysts have recently commented on COP shares. Piper Sandler boosted their price target on ConocoPhillips from $154.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Royal Bank Of Canada set a $130.00 price objective on ConocoPhillips in a research report on Monday, June 22nd. UBS Group decreased their price objective on ConocoPhillips from $155.00 to $143.00 and set a “buy” rating for the company in a report on Wednesday. Susquehanna lifted their target price on ConocoPhillips from $149.00 to $152.00 in a research report on Friday, May 1st. Finally, Wolfe Research boosted their target price on ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.04.

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.