Janus Henderson Group PLC increased its holdings in shares of ConocoPhillips (NYSE:COP) by 94.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,014,146 shares of the energy producer’s stock after buying an additional 979,457 shares during the quarter. Janus Henderson Group PLC owned about 0.17% of ConocoPhillips worth $155,896,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in COP. OLD National Bancorp IN grew its holdings in shares of ConocoPhillips by 16.7% in the second quarter. OLD National Bancorp IN now owns 20,426 shares of the energy producer’s stock worth $1,422,000 after purchasing an additional 2,927 shares during the last quarter. Sawgrass Asset Management LLC bought a new position in shares of ConocoPhillips in the second quarter worth about $298,000. Kaizen Advisory LLC grew its holdings in shares of ConocoPhillips by 130.9% in the second quarter. Kaizen Advisory LLC now owns 2,669 shares of the energy producer’s stock worth $186,000 after purchasing an additional 1,513 shares during the last quarter. Iberiabank Corp bought a new position in shares of ConocoPhillips in the second quarter worth about $219,000. Finally, Fort Washington Investment Advisors Inc. OH grew its holdings in shares of ConocoPhillips by 9.7% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 23,003 shares of the energy producer’s stock worth $1,601,000 after purchasing an additional 2,032 shares during the last quarter. Hedge funds and other institutional investors own 71.77% of the company’s stock.
COP has been the topic of a number of research analyst reports. Jefferies Financial Group restated a “hold” rating and issued a $80.00 price target on shares of ConocoPhillips in a report on Wednesday, August 15th. Morgan Stanley upped their price target on shares of ConocoPhillips from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, August 16th. Zacks Investment Research cut shares of ConocoPhillips from a “buy” rating to a “hold” rating in a report on Monday, August 20th. Bank of America cut shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $80.00 price target on the stock. in a report on Thursday, September 6th. Finally, Royal Bank of Canada cut shares of ConocoPhillips from an “outperform” rating to a “sector perform” rating and set a $90.00 price target on the stock. in a report on Thursday, September 20th. They noted that the move was a valuation call. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $75.37.
NYSE:COP opened at $63.80 on Friday. ConocoPhillips has a 1-year low of $48.97 and a 1-year high of $80.24. The stock has a market capitalization of $73.45 billion, a P/E ratio of 16.53, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. The company has a quick ratio of 1.82, a current ratio of 1.99 and a debt-to-equity ratio of 0.46.
ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, October 25th. The energy producer reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.19. ConocoPhillips had a net margin of 16.08% and a return on equity of 14.62%. The company had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.48 billion. Analysts predict that ConocoPhillips will post 4.75 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Monday, October 15th will be paid a $0.305 dividend. The ex-dividend date is Friday, October 12th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.29. This represents a $1.22 dividend on an annualized basis and a yield of 1.91%. ConocoPhillips’s dividend payout ratio is 203.33%.
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.
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