SevenBridge Financial Group LLC Sells 199 Shares of ConocoPhillips (COP)

SevenBridge Financial Group LLC decreased its position in shares of ConocoPhillips (NYSE:COP) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,104 shares of the energy producer’s stock after selling 199 shares during the quarter. SevenBridge Financial Group LLC’s holdings in ConocoPhillips were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of ConocoPhillips by 54,716.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 12,236,749 shares of the energy producer’s stock valued at $947,125,000 after purchasing an additional 12,214,426 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of ConocoPhillips by 6,059.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,910,095 shares of the energy producer’s stock valued at $127,000 after purchasing an additional 7,781,667 shares during the last quarter. AQR Capital Management LLC increased its position in shares of ConocoPhillips by 85.1% during the 3rd quarter. AQR Capital Management LLC now owns 8,596,351 shares of the energy producer’s stock valued at $665,357,000 after purchasing an additional 3,951,688 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of ConocoPhillips by 28.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,387,748 shares of the energy producer’s stock valued at $710,012,000 after purchasing an additional 2,532,290 shares during the last quarter. Finally, Capital World Investors increased its position in shares of ConocoPhillips by 2.4% during the 3rd quarter. Capital World Investors now owns 65,981,471 shares of the energy producer’s stock valued at $5,106,966,000 after purchasing an additional 1,571,260 shares during the last quarter. Hedge funds and other institutional investors own 72.42% of the company’s stock.

COP stock opened at $67.54 on Thursday. ConocoPhillips has a twelve month low of $55.04 and a twelve month high of $80.24. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.79 and a quick ratio of 1.66. The company has a market cap of $76.40 billion, a P/E ratio of 14.91, a P/E/G ratio of 2.60 and a beta of 1.11.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, January 31st. The energy producer reported $1.13 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter last year, the company earned $0.45 EPS. Equities research analysts forecast that ConocoPhillips will post 3.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 11th were given a dividend of $0.305 per share. This represents a $1.22 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Friday, February 8th. ConocoPhillips’s dividend payout ratio (DPR) is presently 26.93%.

Several equities analysts have recently commented on COP shares. Barclays reiterated a “buy” rating and set a $79.00 price objective on shares of ConocoPhillips in a research report on Friday, January 11th. Societe Generale dropped their target price on ConocoPhillips from $85.00 to $73.00 and set a “buy” rating for the company in a report on Wednesday, December 19th. Tudor Pickering upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a report on Friday, December 14th. Zacks Investment Research upgraded ConocoPhillips from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a report on Tuesday, December 11th. Finally, Goldman Sachs Group upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and increased their target price for the company from $76.00 to $82.00 in a report on Sunday, February 3rd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. ConocoPhillips currently has a consensus rating of “Buy” and an average target price of $77.50.

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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. 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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