TIAA Trust National Association Purchases 8,205 Shares of ConocoPhillips (NYSE:COP)

TIAA Trust National Association lifted its position in ConocoPhillips (NYSE:COP) by 4.8% in the 1st quarter, Holdings Channel.com reports. The fund owned 180,916 shares of the energy producer’s stock after acquiring an additional 8,205 shares during the period. TIAA Trust National Association’s holdings in ConocoPhillips were worth $23,027,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in COP. West Branch Capital LLC lifted its holdings in shares of ConocoPhillips by 87.8% in the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock worth $27,000 after acquiring an additional 108 shares during the last quarter. Sachetta LLC purchased a new position in ConocoPhillips in the 4th quarter worth about $27,000. Cooksen Wealth LLC purchased a new position in ConocoPhillips in the 4th quarter worth about $27,000. Cape Investment Advisory Inc. increased its stake in ConocoPhillips by 96.0% in the 4th quarter. Cape Investment Advisory Inc. now owns 247 shares of the energy producer’s stock worth $29,000 after buying an additional 121 shares during the period. Finally, Richardson Capital Management LLC purchased a new position in ConocoPhillips in the 1st quarter worth about $31,000. Institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on COP. Wolfe Research began coverage on shares of ConocoPhillips in a research note on Thursday. They issued an “outperform” rating and a $145.00 price target on the stock. Barclays raised their price target on shares of ConocoPhillips from $158.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Sanford C. Bernstein reduced their price target on shares of ConocoPhillips from $147.00 to $132.00 and set an “outperform” rating on the stock in a research note on Wednesday. Susquehanna raised their target price on shares of ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research report on Monday, April 22nd. Finally, Scotiabank cut their target price on shares of ConocoPhillips from $135.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Five analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $144.29.

ConocoPhillips Stock Down 1.9 %

Shares of ConocoPhillips stock traded down $2.26 on Friday, reaching $114.35. The stock had a trading volume of 7,559,145 shares, compared to its average volume of 5,780,529. The company has a 50 day moving average price of $114.73 and a 200 day moving average price of $117.33. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 1 year low of $105.77 and a 1 year high of $135.18. The stock has a market capitalization of $133.74 billion, a P/E ratio of 12.95, a P/E/G ratio of 2.06 and a beta of 1.23.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.04. The firm had revenue of $14.48 billion for the quarter, compared to the consensus estimate of $14.72 billion. ConocoPhillips had a net margin of 18.40% and a return on equity of 20.85%. As a group, equities research analysts forecast that ConocoPhillips will post 8.81 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date was Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.27%.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.