ConocoPhillips (NYSE:COP) Position Increased by Brighton Jones LLC

Brighton Jones LLC increased its position in shares of ConocoPhillips (NYSE:COPGet Rating) by 4.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 3,990 shares of the energy producer’s stock after buying an additional 174 shares during the quarter. Brighton Jones LLC’s holdings in ConocoPhillips were worth $399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of COP. Qube Research & Technologies Ltd purchased a new stake in shares of ConocoPhillips during the fourth quarter worth $13,853,000. AlphaCrest Capital Management LLC increased its position in ConocoPhillips by 237.5% during the fourth quarter. AlphaCrest Capital Management LLC now owns 12,481 shares of the energy producer’s stock worth $901,000 after buying an additional 8,783 shares during the last quarter. Acadian Asset Management LLC increased its position in ConocoPhillips by 686.3% during the fourth quarter. Acadian Asset Management LLC now owns 133,910 shares of the energy producer’s stock worth $9,663,000 after buying an additional 116,879 shares during the last quarter. Crewe Advisors LLC increased its position in ConocoPhillips by 128.6% during the fourth quarter. Crewe Advisors LLC now owns 711 shares of the energy producer’s stock worth $51,000 after buying an additional 400 shares during the last quarter. Finally, Pinebridge Investments L.P. increased its position in ConocoPhillips by 152.5% during the fourth quarter. Pinebridge Investments L.P. now owns 335,579 shares of the energy producer’s stock worth $24,222,000 after buying an additional 202,664 shares during the last quarter. 79.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on COP shares. Mizuho lowered their target price on shares of ConocoPhillips from $148.00 to $138.00 and set a “buy” rating on the stock in a research report on Thursday, August 18th. Morgan Stanley increased their target price on shares of ConocoPhillips from $117.00 to $118.00 and gave the stock an “overweight” rating in a research report on Monday, August 29th. StockNews.com downgraded ConocoPhillips from a “buy” rating to a “hold” rating in a research report on Tuesday, August 16th. Societe Generale raised their price target on ConocoPhillips to $127.00 in a research report on Thursday, June 9th. Finally, Truist Financial lowered their price target on ConocoPhillips from $126.00 to $123.00 and set a “buy” rating on the stock in a research report on Wednesday, July 13th. Three analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.89.

ConocoPhillips Stock Up 1.5 %

NYSE COP opened at $108.32 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.54. The firm has a 50-day simple moving average of $96.93 and a 200 day simple moving average of $99.94. ConocoPhillips has a twelve month low of $54.83 and a twelve month high of $124.08. The stock has a market cap of $140.11 billion, a PE ratio of 8.94, a PEG ratio of 0.34 and a beta of 1.31.

ConocoPhillips (NYSE:COPGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The energy producer reported $3.91 EPS for the quarter, missing analysts’ consensus estimates of $3.95 by ($0.04). ConocoPhillips had a return on equity of 31.24% and a net margin of 23.10%. During the same quarter in the prior year, the firm posted $1.27 EPS. On average, research analysts forecast that ConocoPhillips will post 15.13 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a None dividend, which will be paid on Friday, October 14th. Shareholders of record on Thursday, September 29th will be paid a dividend of $1.40 per share. The ex-dividend date is Thursday, September 29th. ConocoPhillips’s dividend payout ratio is 15.19%.

About ConocoPhillips

(Get Rating)

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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