Tdam USA Inc. lessened its position in shares of ConocoPhillips (NYSE:COP) by 5.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 12,713 shares of the energy producer’s stock after selling 721 shares during the quarter. Tdam USA Inc.’s holdings in ConocoPhillips were worth $793,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in ConocoPhillips by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,571,791 shares of the energy producer’s stock valued at $6,855,456,000 after acquiring an additional 451,104 shares during the period. Vanguard Group Inc grew its position in ConocoPhillips by 0.5% during the third quarter. Vanguard Group Inc now owns 88,571,791 shares of the energy producer’s stock valued at $6,855,456,000 after acquiring an additional 451,104 shares during the period. Capital World Investors grew its position in ConocoPhillips by 2.4% during the third quarter. Capital World Investors now owns 65,981,471 shares of the energy producer’s stock valued at $5,106,966,000 after acquiring an additional 1,571,260 shares during the period. Bank of New York Mellon Corp grew its position in ConocoPhillips by 54,716.8% during the third 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 acquiring an additional 12,214,426 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in ConocoPhillips by 12.2% during the third quarter. Dimensional Fund Advisors LP now owns 8,855,458 shares of the energy producer’s stock valued at $685,414,000 after acquiring an additional 964,479 shares during the period. 72.30% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have commented on COP. Zacks Investment Research upgraded ConocoPhillips from a “strong sell” rating to a “hold” rating in a research note on Monday. Mizuho restated a “hold” rating and set a $82.00 price objective on shares of ConocoPhillips in a research note on Monday, October 22nd. Piper Jaffray Companies restated a “hold” rating and set a $66.00 price objective on shares of ConocoPhillips in a research note on Monday, November 19th. Wolfe Research upgraded ConocoPhillips from a “market perform” rating to an “outperform” rating in a research note on Monday, December 10th. Finally, Morgan Stanley reduced their price objective on ConocoPhillips from $88.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, November 20th. Nine investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $76.41.

NYSE COP traded up $0.21 on Monday, hitting $66.47. 732,130 shares of the stock traded hands, compared to its average volume of 5,689,869. ConocoPhillips has a twelve month low of $50.18 and a twelve month high of $80.24. The stock has a market capitalization of $76.28 billion, a P/E ratio of 14.67, a PEG ratio of 2.20 and a beta of 1.11. The company has a quick ratio of 1.66, a current ratio of 1.79 and a debt-to-equity ratio of 0.46.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, January 31st. The energy producer reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $10.36 billion for the quarter, compared to analysts’ expectations of $10.60 billion. During the same quarter in the prior year, the firm posted $0.45 earnings per share. On average, analysts anticipate that ConocoPhillips will post 3.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Shareholders of record on Monday, February 11th will be paid a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, February 8th. ConocoPhillips’s payout ratio is currently 26.93%.

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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. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; 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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