Syntax Research Inc. Has $138,000 Stock Holdings in ConocoPhillips $COP

Syntax Research Inc. trimmed its stake in shares of ConocoPhillips (NYSE:COP) by 93.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,046 shares of the energy producer’s stock after selling 14,493 shares during the quarter. Syntax Research Inc.’s holdings in ConocoPhillips were worth $138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Capital International Investors boosted its holdings in ConocoPhillips by 18.2% in the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock valued at $4,318,239,000 after acquiring an additional 7,037,873 shares during the last quarter. AQR Capital Management LLC raised its holdings in ConocoPhillips by 229.2% during the 4th quarter. AQR Capital Management LLC now owns 3,595,177 shares of the energy producer’s stock worth $336,544,000 after purchasing an additional 2,503,156 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of ConocoPhillips by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock worth $3,880,151,000 after purchasing an additional 2,350,645 shares during the period. Ameriprise Financial Inc. lifted its position in shares of ConocoPhillips by 20.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,994,674 shares of the energy producer’s stock worth $1,228,886,000 after purchasing an additional 2,216,010 shares during the period. Finally, Alyeska Investment Group L.P. bought a new stake in shares of ConocoPhillips in the 3rd quarter valued at $135,265,000. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Down 0.7%

Shares of NYSE COP opened at $103.25 on Thursday. The firm has a market cap of $125.78 billion, a PE ratio of 17.53, a P/E/G ratio of 1.20 and a beta of 0.12. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $135.87. The company’s fifty day simple moving average is $116.43 and its 200 day simple moving average is $112.12. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The business had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period last year, the company posted $2.09 earnings per share. The business’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, sell-side analysts forecast that ConocoPhillips will post 9.66 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were paid a $0.84 dividend. The ex-dividend date was Monday, May 11th. This represents a $3.36 annualized dividend and a dividend yield of 3.3%. ConocoPhillips’s dividend payout ratio (DPR) is currently 57.05%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COP. Weiss Ratings reiterated a “hold (c)” rating on shares of ConocoPhillips in a research report on Wednesday, June 3rd. Morgan Stanley dropped their target price 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. UBS Group upped their price target on shares of ConocoPhillips from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Susquehanna increased their price target on ConocoPhillips from $149.00 to $152.00 in a report on Friday, May 1st. Finally, Wolfe Research lifted their price objective on ConocoPhillips from $138.00 to $144.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Eighteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.76.

ConocoPhillips Company 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.