ConocoPhillips (NYSE:COP) Shares Acquired by California Public Employees Retirement System

California Public Employees Retirement System increased its stake in shares of ConocoPhillips (NYSE:COP) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,320,129 shares of the energy producer’s stock after purchasing an additional 243,100 shares during the period. California Public Employees Retirement System owned 0.20% of ConocoPhillips worth $230,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SCP Investment LP lifted its holdings in ConocoPhillips by 78.8% in the 4th quarter. SCP Investment LP now owns 37,668 shares of the energy producer’s stock valued at $3,736,000 after purchasing an additional 16,600 shares in the last quarter. RWA Wealth Partners LLC lifted its stake in shares of ConocoPhillips by 33.5% during the fourth quarter. RWA Wealth Partners LLC now owns 9,703 shares of the energy producer’s stock valued at $962,000 after buying an additional 2,436 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in ConocoPhillips during the fourth quarter worth approximately $13,198,000. MV Capital Management Inc. grew its stake in ConocoPhillips by 6.9% in the 4th quarter. MV Capital Management Inc. now owns 2,095 shares of the energy producer’s stock worth $208,000 after acquiring an additional 135 shares during the period. Finally, BlueChip Wealth Advisors LLC raised its holdings in ConocoPhillips by 6.7% in the 4th quarter. BlueChip Wealth Advisors LLC now owns 4,568 shares of the energy producer’s stock valued at $453,000 after acquiring an additional 287 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

ConocoPhillips stock opened at $102.37 on Monday. The firm has a market capitalization of $130.26 billion, a PE ratio of 13.14, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. ConocoPhillips has a one year low of $86.81 and a one year high of $135.18. The stock’s 50 day moving average price is $98.95 and its 200 day moving average price is $103.28. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. As a group, sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a dividend of $0.78 per share. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.05%. ConocoPhillips’s dividend payout ratio is presently 40.05%.

Analyst Ratings Changes

COP has been the subject of a number of recent analyst reports. Raymond James downgraded ConocoPhillips from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $157.00 to $124.00 in a research report on Monday, February 10th. TD Cowen started coverage on ConocoPhillips in a report on Friday, January 17th. They issued a “buy” rating and a $125.00 price target for the company. Barclays cut their price objective on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. lowered their target price on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a report on Thursday, March 13th. Finally, UBS Group cut their price target on shares of ConocoPhillips from $140.00 to $137.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Two analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.95.

ConocoPhillips 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.