Koshinski Asset Management Inc. lowered its position in shares of ConocoPhillips (NYSE:COP – Free Report) by 1.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 20,269 shares of the energy producer’s stock after selling 392 shares during the period. Koshinski Asset Management Inc.’s holdings in ConocoPhillips were worth $1,819,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of COP. Charles Schwab Investment Management Inc. raised its holdings in ConocoPhillips by 379.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 40,094,754 shares of the energy producer’s stock valued at $4,210,751,000 after buying an additional 31,736,423 shares during the last quarter. Nuveen LLC acquired a new position in ConocoPhillips in the 1st quarter valued at approximately $658,981,000. AQR Capital Management LLC raised its stake in shares of ConocoPhillips by 190.5% during the first quarter. AQR Capital Management LLC now owns 4,664,408 shares of the energy producer’s stock valued at $484,539,000 after acquiring an additional 3,058,505 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of ConocoPhillips by 30.2% during the first quarter. Goldman Sachs Group Inc. now owns 8,972,545 shares of the energy producer’s stock worth $942,297,000 after purchasing an additional 2,080,625 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of ConocoPhillips by 53.8% in the first quarter. Deutsche Bank AG now owns 5,240,275 shares of the energy producer’s stock worth $550,334,000 after purchasing an additional 1,834,118 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.
ConocoPhillips Price Performance
Shares of COP opened at $86.53 on Friday. The firm has a market cap of $108.07 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 2.32 and a beta of 0.62. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $115.38. The business’s 50 day moving average price is $94.04 and its two-hundred day moving average price is $91.93. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.10 and a current ratio of 1.27.
ConocoPhillips Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were issued a dividend of $0.78 per share. The ex-dividend date was Monday, August 18th. This represents a $3.12 annualized dividend and a dividend yield of 3.6%. ConocoPhillips’s dividend payout ratio is currently 41.88%.
Analyst Upgrades and Downgrades
Several research analysts have commented on COP shares. Evercore ISI cut their target price on ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating on the stock in a report on Monday, October 6th. Wall Street Zen lowered ConocoPhillips from a “hold” rating to a “sell” rating in a research note on Saturday. JPMorgan Chase & Co. upped their target price on ConocoPhillips from $114.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. UBS Group lowered their price target on shares of ConocoPhillips from $124.00 to $122.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, The Goldman Sachs Group dropped their price target on shares of ConocoPhillips from $111.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday. Seventeen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $115.00.
Check Out Our Latest Stock Report on ConocoPhillips
About ConocoPhillips
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.
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