Deutsche Bank AG Buys 228,109 Shares of ConocoPhillips (NYSE:COP)

Deutsche Bank AG grew its stake in ConocoPhillips (NYSE:COP) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,406,157 shares of the energy producer’s stock after purchasing an additional 228,109 shares during the period. Deutsche Bank AG owned about 0.30% of ConocoPhillips worth $337,789,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Albion Financial Group UT boosted its position in shares of ConocoPhillips by 876.9% during the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock valued at $25,000 after acquiring an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in ConocoPhillips in the 4th quarter valued at $26,000. Centricity Wealth Management LLC bought a new stake in ConocoPhillips in the fourth quarter valued at $27,000. Crowley Wealth Management Inc. acquired a new position in ConocoPhillips during the fourth quarter worth $32,000. Finally, Retirement Wealth Solutions LLC bought a new position in shares of ConocoPhillips during the fourth quarter valued at $35,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Trading Up 1.4 %

Shares of NYSE:COP opened at $88.97 on Friday. The stock has a market cap of $112.47 billion, a PE ratio of 11.42, a P/E/G ratio of 0.79 and a beta of 0.64. The business has a 50 day moving average of $93.12 and a 200-day moving average of $99.55. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $124.23.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating the consensus estimate of $2.05 by $0.04. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. The business had revenue of $16.18 billion for the quarter, compared to the consensus estimate of $15.74 billion. During the same period in the prior year, the company posted $2.05 earnings per share. As a group, equities research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a research note on Thursday, January 30th. Susquehanna set a $136.00 price objective on shares of ConocoPhillips in a research report on Tuesday, April 22nd. Barclays cut their price target on ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Raymond James downgraded shares of ConocoPhillips from a “strong-buy” rating to an “outperform” rating and dropped their price target for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Finally, Scotiabank cut their price target on ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.79.

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.