Bank Julius Baer & Co. Ltd Zurich Has $154.97 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in shares of ConocoPhillips (NYSE:COP) by 3.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,335,099 shares of the energy producer’s stock after selling 52,433 shares during the period. ConocoPhillips makes up about 0.8% of Bank Julius Baer & Co. Ltd Zurich’s holdings, making the stock its 28th largest holding. Bank Julius Baer & Co. Ltd Zurich’s holdings in ConocoPhillips were worth $154,965,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of COP. Capital Investment Counsel Inc acquired a new stake in ConocoPhillips in the 3rd quarter valued at about $228,000. Columbia Trust Co 01012016 lifted its stake in ConocoPhillips by 1.2% in the 4th quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock valued at $1,098,000 after purchasing an additional 112 shares during the last quarter. Raymond James & Associates lifted its stake in ConocoPhillips by 1.5% in the 4th quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer’s stock valued at $181,422,000 after purchasing an additional 23,572 shares during the last quarter. Syon Capital LLC acquired a new stake in ConocoPhillips in the 3rd quarter valued at about $2,262,000. Finally, PFG Investments LLC acquired a new stake in ConocoPhillips in the 3rd quarter valued at about $233,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. UBS Group raised their target price on shares of ConocoPhillips from $138.00 to $143.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. Raymond James cut their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Piper Sandler raised their price objective on shares of ConocoPhillips from $145.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Scotiabank raised their price objective on shares of ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 11th. Finally, Truist Financial cut their price objective on shares of ConocoPhillips from $173.00 to $170.00 and set a “buy” rating for the company in a research report on Friday, April 5th. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $143.24.

ConocoPhillips Price Performance

Shares of NYSE:COP traded up $0.79 during trading on Thursday, reaching $130.07. 3,664,033 shares of the company traded hands, compared to its average volume of 5,355,984. The company’s 50 day moving average is $121.71 and its two-hundred day moving average is $117.49. The firm has a market capitalization of $153.02 billion, a PE ratio of 14.27, a PEG ratio of 2.71 and a beta of 1.24. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 52 week low of $95.70 and a 52 week high of $135.18.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.32. ConocoPhillips had a return on equity of 22.08% and a net margin of 18.71%. The business had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. During the same period in the prior year, the company earned $2.71 EPS. As a group, sell-side analysts predict that ConocoPhillips will post 9.57 earnings per share for the current year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were given a dividend of $0.78 per share. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. This represents a $3.12 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, February 15th. ConocoPhillips’s dividend payout ratio is currently 25.61%.

Insider Buying and Selling

In other ConocoPhillips news, SVP Heather G. Hrap sold 4,548 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the transaction, the senior vice president now directly owns 2,654 shares in the company, valued at $293,399.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other ConocoPhillips news, VP Christopher P. Delk sold 8,505 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $112.06, for a total value of $953,070.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Heather G. Hrap sold 4,548 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total value of $502,781.40. Following the completion of the sale, the senior vice president now directly owns 2,654 shares of the company’s stock, valued at approximately $293,399.70. The disclosure for this sale can be found here. Insiders sold a total of 700,775 shares of company stock worth $87,615,169 in the last ninety days. 0.34% of the stock is owned by insiders.

ConocoPhillips 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.