Healthcare of Ontario Pension Plan Trust Fund Buys 1,844,490 Shares of ConocoPhillips $COP

Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of ConocoPhillips (NYSE:COP) by 3,775.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,893,340 shares of the energy producer’s stock after buying an additional 1,844,490 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in ConocoPhillips were worth $249,921,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of ConocoPhillips during the fourth quarter worth $25,000. Strive Asset Management LLC acquired a new position in shares of ConocoPhillips during the third quarter valued at $28,000. Frazier Financial Advisors LLC boosted its holdings 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 acquiring an additional 145 shares during the last quarter. BNP Paribas bought a new position in ConocoPhillips in the second quarter valued at about $33,000. Finally, Optima Capital LLC acquired a new stake in ConocoPhillips in the fourth quarter worth about $34,000. 82.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on COP. Freedom Capital downgraded shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Citigroup lifted their price target on shares of ConocoPhillips from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. UBS Group dropped their price target on shares of ConocoPhillips from $155.00 to $143.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Morgan Stanley cut their price objective on shares of ConocoPhillips from $153.00 to $146.00 and set an “overweight” rating on the stock in a report on Friday, June 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of ConocoPhillips in a research note on Wednesday, June 3rd. Eighteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and an average target price of $134.16.

ConocoPhillips Trading Up 0.1%

NYSE COP opened at $120.30 on Friday. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.87. The stock has a 50-day simple moving average of $113.50 and a 200 day simple moving average of $114.23. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $146.56 billion, a PE ratio of 20.42, a P/E/G ratio of 1.45 and a beta of 0.12.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter last year, the business earned $2.09 earnings per share. The company’s revenue was down 6.1% compared to the same quarter last year. Research analysts forecast that ConocoPhillips will post 9.2 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, May 11th. 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.