New York State Teachers Retirement System Purchases 80,199 Shares of ConocoPhillips (NYSE:COP)

New York State Teachers Retirement System lifted its position in ConocoPhillips (NYSE:COP) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,170,901 shares of the energy producer’s stock after buying an additional 80,199 shares during the quarter. New York State Teachers Retirement System owned about 0.10% of ConocoPhillips worth $116,118,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Chevy Chase Trust Holdings LLC grew its stake in shares of ConocoPhillips by 7.9% in the fourth quarter. Chevy Chase Trust Holdings LLC now owns 746,965 shares of the energy producer’s stock valued at $74,077,000 after buying an additional 54,440 shares in the last quarter. Vicus Capital acquired a new stake in ConocoPhillips during the 4th quarter valued at $215,000. V Square Quantitative Management LLC lifted its holdings in ConocoPhillips by 33.7% during the 4th quarter. V Square Quantitative Management LLC now owns 16,779 shares of the energy producer’s stock valued at $1,664,000 after purchasing an additional 4,233 shares during the last quarter. CFC Planning Co LLC acquired a new stake in ConocoPhillips during the 4th quarter valued at $1,904,000. Finally, Compagnie Lombard Odier SCmA lifted its holdings in ConocoPhillips by 509.9% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 2,287 shares of the energy producer’s stock valued at $227,000 after purchasing an additional 1,912 shares during the last quarter. 82.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised ConocoPhillips from a “neutral” rating to an “overweight” rating and raised their price target for the company from $120.00 to $123.00 in a report on Thursday, December 5th. TD Cowen assumed coverage on ConocoPhillips in a report on Friday, January 17th. They set a “buy” rating and a $125.00 price target for the company. Morgan Stanley assumed coverage on ConocoPhillips in a report on Monday, December 16th. They set an “overweight” rating and a $128.00 price target for the company. Susquehanna raised their price target on ConocoPhillips from $144.00 to $148.00 and gave the company a “positive” rating in a report on Friday, November 1st. Finally, UBS Group dropped their target price on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus target price of $133.56.

ConocoPhillips Stock Down 1.5 %

COP stock opened at $96.90 on Friday. The company has a market cap of $111.52 billion, a PE ratio of 12.44, a price-to-earnings-growth ratio of 0.77 and a beta of 1.18. The business has a 50-day simple moving average of $100.73 and a 200 day simple moving average of $105.91. ConocoPhillips has a 52 week low of $94.23 and a 52 week high of $135.18. The company has a quick ratio of 1.16, a current ratio of 1.29 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. Sell-side analysts anticipate that ConocoPhillips will post 8.3 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 17th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Friday, February 14th. ConocoPhillips’s dividend payout ratio is presently 40.05%.

Insider Buying and Selling at ConocoPhillips

In other news, Director Arjun N. Murti purchased 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The shares were bought at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the acquisition, the director now owns 21,500 shares in the company, valued at approximately $2,061,205. This trade represents a 13.16 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R A. Walker purchased 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The shares were purchased at an average price of $97.80 per share, for a total transaction of $1,017,120.00. Following the completion of the acquisition, the director now owns 38,000 shares of the company’s stock, valued at approximately $3,716,400. The trade was a 37.68 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.34% of the company’s stock.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.