ConocoPhillips $COP Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lifted its position in shares of ConocoPhillips (NYSE:COP) by 10.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,028,920 shares of the energy producer’s stock after buying an additional 188,885 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.16% of ConocoPhillips worth $183,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in COP. Garde Capital Inc. acquired a new stake in shares of ConocoPhillips during the 1st quarter worth approximately $35,000. Heartland Bank & Trust Co acquired a new stake in ConocoPhillips in the 1st quarter valued at approximately $365,000. Center for Financial Planning Inc. increased its holdings in ConocoPhillips by 78.4% in the 1st quarter. Center for Financial Planning Inc. now owns 817 shares of the energy producer’s stock valued at $86,000 after purchasing an additional 359 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in ConocoPhillips by 5.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 234,397 shares of the energy producer’s stock valued at $24,616,000 after purchasing an additional 12,208 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its holdings in ConocoPhillips by 43.7% in the 1st quarter. Flagship Harbor Advisors LLC now owns 22,969 shares of the energy producer’s stock valued at $2,412,000 after purchasing an additional 6,987 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Royal Bank Of Canada lifted their target price on shares of ConocoPhillips from $113.00 to $118.00 and gave the company an “outperform” rating in a report on Monday, October 13th. Morgan Stanley dropped their target price on shares of ConocoPhillips from $123.00 to $122.00 and set an “overweight” rating for the company in a report on Tuesday, October 14th. Evercore ISI dropped their target price on shares of ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating for the company in a report on Monday, October 6th. JPMorgan Chase & Co. lifted their target price on shares of ConocoPhillips from $114.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Finally, Susquehanna dropped their price target on shares of ConocoPhillips to $113.00 and set a “positive” rating for the company in a research note on Monday. Eighteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $115.63.

ConocoPhillips Stock Performance

NYSE:COP opened at $87.01 on Tuesday. The company has a fifty day simple moving average of $93.91 and a two-hundred day simple moving average of $91.92. The company has a market cap of $108.67 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 2.29 and a beta of 0.62. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $115.38.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 EPS for the quarter, topping the consensus estimate of $1.36 by $0.06. The business had revenue of $14.94 billion during the quarter, compared to the consensus estimate of $14.39 billion. ConocoPhillips had a net margin of 15.26% and a return on equity of 14.60%. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.98 earnings per share. As a group, equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 2nd. Stockholders of record on Monday, August 18th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, August 18th. ConocoPhillips’s payout ratio is 41.88%.

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.