Howe & Rusling Inc. Has $493,000 Stock Holdings in ConocoPhillips (NYSE:COP)

Howe & Rusling Inc. raised its position in shares of ConocoPhillips (NYSE:COP) by 13.3% in the 4th quarter, Holdings Channel reports. The firm owned 4,971 shares of the energy producer’s stock after acquiring an additional 582 shares during the period. Howe & Rusling Inc.’s holdings in ConocoPhillips were worth $493,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COP. NEOS Investment Management LLC increased its stake in shares of ConocoPhillips by 47.4% in the 4th quarter. NEOS Investment Management LLC now owns 81,240 shares of the energy producer’s stock valued at $8,057,000 after purchasing an additional 26,142 shares during the last quarter. UniSuper Management Pty Ltd grew its position in ConocoPhillips by 41.4% in the fourth quarter. UniSuper Management Pty Ltd now owns 80,558 shares of the energy producer’s stock valued at $7,989,000 after acquiring an additional 23,600 shares during the last quarter. Sava Infond d.o.o. acquired a new position in ConocoPhillips during the fourth quarter worth about $649,000. WINTON GROUP Ltd lifted its holdings in shares of ConocoPhillips by 793.6% in the fourth quarter. WINTON GROUP Ltd now owns 60,256 shares of the energy producer’s stock worth $5,976,000 after acquiring an additional 53,513 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of ConocoPhillips by 21.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,035,964 shares of the energy producer’s stock valued at $205,816,000 after purchasing an additional 357,457 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on COP. Evercore ISI reiterated an “outperform” rating and set a $165.00 price objective on shares of ConocoPhillips in a research report on Friday, December 6th. Morgan Stanley lowered their price target on shares of ConocoPhillips from $131.00 to $126.00 and set an “overweight” rating for the company in a report on Thursday. Truist Financial raised their price objective on ConocoPhillips from $138.00 to $139.00 and gave the company a “buy” rating in a report on Monday, January 13th. Mizuho raised ConocoPhillips from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $132.00 to $134.00 in a report on Monday, December 16th. Finally, TD Cowen initiated coverage on ConocoPhillips in a research note on Friday, January 17th. They set a “buy” rating and a $125.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $132.95.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $102.86 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $130.87 billion, a PE ratio of 13.20, a P/E/G ratio of 0.79 and a beta of 1.12. The firm has a fifty day simple moving average of $99.02 and a 200 day simple moving average of $103.30. ConocoPhillips has a twelve month low of $86.81 and a twelve month high of $135.18.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. On average, sell-side analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips’s dividend payout ratio (DPR) is 40.05%.

About ConocoPhillips

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.