ConocoPhillips $COP is Meiji Yasuda America Inc’s 9th Largest Position

Meiji Yasuda America Inc lifted its holdings in shares of ConocoPhillips (NYSE:COP) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 86,896 shares of the energy producer’s stock after acquiring an additional 4,898 shares during the quarter. ConocoPhillips accounts for about 2.8% of Meiji Yasuda America Inc’s investment portfolio, making the stock its 9th biggest position. Meiji Yasuda America Inc’s holdings in ConocoPhillips were worth $11,470,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of COP. Capital International Investors grew its stake in ConocoPhillips by 5.9% during the 4th quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock valued at $4,527,230,000 after purchasing an additional 2,714,663 shares in the last quarter. AQR Capital Management LLC increased its holdings in ConocoPhillips by 229.2% during the 4th quarter. AQR Capital Management LLC now owns 3,595,177 shares of the energy producer’s stock worth $336,544,000 after purchasing an additional 2,503,156 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of ConocoPhillips by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock valued at $3,880,151,000 after purchasing an additional 2,350,645 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of ConocoPhillips in the 3rd quarter valued at approximately $135,265,000. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of ConocoPhillips during the 4th quarter valued at approximately $128,470,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Trading Up 1.5%

Shares of NYSE COP opened at $117.40 on Wednesday. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $135.87. The company has a market cap of $143.03 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.40 and a beta of 0.12. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The stock’s 50 day simple moving average is $113.48 and its 200 day simple moving average is $113.84.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. The firm had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.09 EPS. Equities research analysts expect that ConocoPhillips will post 9.2 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is 57.05%.

Wall Street Analysts Forecast Growth

COP has been the subject of a number of recent analyst reports. UBS Group decreased their price target on shares of ConocoPhillips from $155.00 to $143.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. BMO Capital Markets cut their price target on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Morgan Stanley reduced their price objective on shares of ConocoPhillips from $153.00 to $146.00 and set an “overweight” rating on the stock in a research note on Friday, June 26th. Mizuho decreased their price objective on shares of ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Finally, Argus boosted their target price on shares of ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Eighteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $134.16.

ConocoPhillips Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.