ConocoPhillips (COP) Shares Bought by Becker Capital Management Inc.

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Becker Capital Management Inc. raised its position in shares of ConocoPhillips (NYSE:COP) by 4.0% during the 4th quarter, Holdings Channel reports. The firm owned 19,687 shares of the energy producer’s stock after buying an additional 764 shares during the quarter. Becker Capital Management Inc.’s holdings in ConocoPhillips were worth $1,227,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of COP. Pineno Levin & Ford Asset Management Inc. grew its position in shares of ConocoPhillips by 0.4% in the fourth quarter. Pineno Levin & Ford Asset Management Inc. now owns 37,800 shares of the energy producer’s stock valued at $2,357,000 after purchasing an additional 150 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in ConocoPhillips by 5.3% in the fourth quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,847 shares of the energy producer’s stock worth $240,000 after acquiring an additional 192 shares during the period. Arlington Partners LLC grew its position in ConocoPhillips by 28.6% in the fourth quarter. Arlington Partners LLC now owns 900 shares of the energy producer’s stock worth $56,000 after acquiring an additional 200 shares during the period. Radnor Capital Management LLC grew its position in ConocoPhillips by 1.3% in the fourth quarter. Radnor Capital Management LLC now owns 15,774 shares of the energy producer’s stock worth $984,000 after acquiring an additional 200 shares during the period. Finally, Palisade Asset Management LLC grew its position in ConocoPhillips by 1.0% in the fourth quarter. Palisade Asset Management LLC now owns 20,996 shares of the energy producer’s stock worth $1,309,000 after acquiring an additional 200 shares during the period. Institutional investors and hedge funds own 72.30% of the company’s stock.

Shares of COP opened at $67.78 on Thursday. ConocoPhillips has a twelve month low of $52.54 and a twelve month high of $80.24. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.66 and a current ratio of 1.79. The company has a market capitalization of $76.83 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, January 31st. The energy producer reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.05 by $0.08. ConocoPhillips had a net margin of 16.16% and a return on equity of 16.91%. The company had revenue of $10.36 billion during the quarter, compared to the consensus estimate of $10.60 billion. During the same period last year, the firm earned $0.45 EPS. Analysts expect that ConocoPhillips will post 3.35 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Monday, February 11th will be given a dividend of $0.305 per share. The ex-dividend date of this dividend is Friday, February 8th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 1.80%. ConocoPhillips’s payout ratio is 26.93%.

COP has been the subject of several analyst reports. Zacks Investment Research upgraded ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 price objective for the company in a research report on Tuesday, December 11th. Societe Generale lowered their price objective on ConocoPhillips from $85.00 to $73.00 and set a “buy” rating for the company in a research report on Wednesday, December 19th. Tudor Pickering upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Friday, December 14th. BMO Capital Markets set a $78.00 price objective on ConocoPhillips and gave the stock a “buy” rating in a research report on Monday, November 12th. Finally, Bank of America upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Monday, October 29th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. ConocoPhillips currently has a consensus rating of “Buy” and an average price target of $76.41.

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ConocoPhillips Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.

Further Reading: Diversification For Individual Investors

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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