Arrow Financial Corp increased its position in shares of ConocoPhillips (NYSE:COP) by 23.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,894 shares of the energy producer’s stock after purchasing an additional 1,695 shares during the period. Arrow Financial Corp’s holdings in ConocoPhillips were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in COP. Ironwood Financial llc raised its holdings in ConocoPhillips by 294.1% in the 4th quarter. Ironwood Financial llc now owns 536 shares of the energy producer’s stock valued at $33,000 after acquiring an additional 400 shares in the last quarter. Contravisory Investment Management Inc. acquired a new position in ConocoPhillips in the 4th quarter valued at $47,000. Moody National Bank Trust Division raised its holdings in ConocoPhillips by 536.6% in the 4th quarter. Moody National Bank Trust Division now owns 853 shares of the energy producer’s stock valued at $53,000 after acquiring an additional 719 shares in the last quarter. Arlington Partners LLC raised its holdings in ConocoPhillips by 28.6% in the 4th quarter. Arlington Partners LLC now owns 900 shares of the energy producer’s stock valued at $56,000 after acquiring an additional 200 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC acquired a new position in ConocoPhillips in the 4th quarter valued at $59,000. 72.30% of the stock is owned by institutional investors and hedge funds.

Shares of COP opened at $67.78 on Thursday. ConocoPhillips has a 52-week low of $52.54 and a 52-week 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 firm has a market capitalization of $76.83 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

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

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

Several equities analysts have weighed in on the company. ValuEngine cut ConocoPhillips from a “buy” rating to a “hold” rating in a report on Tuesday, October 23rd. Societe Generale dropped their price objective on ConocoPhillips from $85.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, December 19th. Zacks Investment Research cut ConocoPhillips from a “buy” rating to a “hold” rating in a report on Thursday, November 22nd. Tudor Pickering raised ConocoPhillips from a “hold” rating to a “buy” rating in a report on Friday, December 14th. Finally, BMO Capital Markets set a $78.00 price objective on ConocoPhillips and gave the company a “buy” rating in a report on Monday, November 12th. Nine analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.41.

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ConocoPhillips Company 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: What is a Derivative?

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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