Pitcairn Co. grew its position in shares of ConocoPhillips (NYSE:COP) by 63.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,967 shares of the energy producer’s stock after buying an additional 5,029 shares during the period. Pitcairn Co.’s holdings in ConocoPhillips were worth $808,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. North Star Investment Management Corp. lifted its holdings in ConocoPhillips by 0.4% during the 4th quarter. North Star Investment Management Corp. now owns 52,431 shares of the energy producer’s stock worth $3,269,000 after purchasing an additional 215 shares in the last quarter. Equitable Trust Co. lifted its holdings in ConocoPhillips by 13.4% during the 3rd quarter. Equitable Trust Co. now owns 19,676 shares of the energy producer’s stock worth $1,523,000 after purchasing an additional 2,320 shares in the last quarter. Hudson Valley Investment Advisors Inc. ADV lifted its holdings in ConocoPhillips by 48.0% during the 4th quarter. Hudson Valley Investment Advisors Inc. ADV now owns 77,291 shares of the energy producer’s stock worth $4,819,000 after purchasing an additional 25,069 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in ConocoPhillips during the 4th quarter worth about $25,236,000. Finally, Rothschild & Co. Asset Management US Inc. lifted its holdings in ConocoPhillips by 5.5% during the 3rd quarter. Rothschild & Co. Asset Management US Inc. now owns 781,835 shares of the energy producer’s stock worth $60,514,000 after purchasing an additional 40,773 shares in the last quarter. 71.57% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently issued reports on COP. Morgan Stanley increased their price objective on ConocoPhillips from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. Goldman Sachs Group raised ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $82.00 in a report on Sunday, February 3rd. Mizuho set a $68.00 price objective on ConocoPhillips and gave the stock a “hold” rating in a report on Monday, December 3rd. Zacks Investment Research cut ConocoPhillips from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. Finally, Piper Jaffray Companies reissued a “hold” rating on shares of ConocoPhillips in a report on Tuesday, February 12th. Eight equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $77.50.

Shares of NYSE COP opened at $67.59 on Friday. The stock has a market capitalization of $74.45 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 2.53 and a beta of 1.11. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.66 and a current ratio of 1.79. ConocoPhillips has a twelve month low of $53.38 and a twelve month high of $80.24.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, January 31st. The energy producer reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.08. The business had revenue of $10.36 billion for the quarter, compared to analyst estimates of $10.60 billion. ConocoPhillips had a return on equity of 16.91% and a net margin of 16.16%. During the same period in the prior year, the company earned $0.45 EPS. Research analysts forecast that ConocoPhillips will post 3.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 11th were paid a $0.305 dividend. The ex-dividend date was Friday, February 8th. This represents a $1.22 dividend on an annualized basis and a yield of 1.81%. ConocoPhillips’s dividend payout ratio is currently 26.93%.

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About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the tight oil reservoirs, LNG, oil sands, and other production operations. Its portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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