Meiji Yasuda America Inc Purchases 4,898 Shares of ConocoPhillips $COP

Meiji Yasuda America Inc boosted its position in ConocoPhillips (NYSE:COP) by 6.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 86,896 shares of the energy producer’s stock after acquiring an additional 4,898 shares during the period. ConocoPhillips comprises approximately 2.8% of Meiji Yasuda America Inc’s holdings, making the stock its 9th biggest holding. Meiji Yasuda America Inc’s holdings in ConocoPhillips were worth $11,470,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of ConocoPhillips during the fourth quarter worth $25,000. Strive Asset Management LLC acquired a new position in ConocoPhillips in the third quarter valued at $28,000. Frazier Financial Advisors LLC increased its stake in ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after purchasing an additional 145 shares during the last quarter. BNP Paribas purchased a new position in ConocoPhillips during the second quarter worth about $33,000. Finally, Optima Capital LLC purchased a new position in ConocoPhillips during the fourth quarter worth about $34,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on COP. Royal Bank Of Canada set a $130.00 price target on ConocoPhillips in a report on Monday, June 22nd. Capital One Financial cut their price objective on shares of ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating on the stock in a report on Monday, May 18th. Mizuho decreased their target price on shares of ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Roth Capital raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and upped their price target for the stock from $124.00 to $130.00 in a research report on Monday, June 22nd. Finally, UBS Group cut their price target on shares of ConocoPhillips from $155.00 to $143.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus target price of $134.16.

ConocoPhillips Price Performance

COP stock opened at $117.40 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.87. The firm has a market cap of $143.03 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 1.40 and a beta of 0.12. The stock has a 50-day simple moving average of $113.48 and a 200-day simple moving average of $113.84.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. The business had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The company’s revenue was down 6.1% on a year-over-year basis. During the same period last year, the business posted $2.09 EPS. On average, equities analysts predict that ConocoPhillips will post 9.2 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were paid a dividend of $0.84 per share. The ex-dividend date was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. ConocoPhillips’s dividend payout ratio (DPR) is currently 57.05%.

ConocoPhillips Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.