Generali Investments CEE investicni spolecnost a.s. Purchases Shares of 25,252 ConocoPhillips (NYSE:COP)

Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of ConocoPhillips (NYSE:COP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,252 shares of the energy producer’s stock, valued at approximately $2,504,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Banco Santander S.A. raised its stake in ConocoPhillips by 90.9% in the fourth quarter. Banco Santander S.A. now owns 24,794 shares of the energy producer’s stock worth $2,459,000 after buying an additional 11,807 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of ConocoPhillips by 7.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,319,214 shares of the energy producer’s stock valued at $130,826,000 after purchasing an additional 94,826 shares in the last quarter. Camden National Bank increased its stake in shares of ConocoPhillips by 20.1% during the fourth quarter. Camden National Bank now owns 2,869 shares of the energy producer’s stock valued at $285,000 after purchasing an additional 480 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of ConocoPhillips by 9.2% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,711,829 shares of the energy producer’s stock valued at $182,197,000 after purchasing an additional 144,693 shares in the last quarter. Finally, Machina Capital S.A.S. bought a new position in shares of ConocoPhillips during the fourth quarter valued at approximately $1,168,000. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Trading Up 2.4 %

NYSE COP opened at $90.70 on Friday. The firm has a 50 day simple moving average of $99.53 and a 200-day simple moving average of $104.38. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a one year low of $86.81 and a one year high of $135.18. The firm has a market cap of $115.40 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 0.79 and a beta of 1.12.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. Equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were issued a $0.78 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.44%. ConocoPhillips’s dividend payout ratio (DPR) is 40.05%.

Insider Activity at ConocoPhillips

In other news, Director R A. Walker bought 10,400 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, December 17th. The shares were purchased at an average price of $97.80 per share, with a total value of $1,017,120.00. Following the completion of the acquisition, the director now directly owns 38,000 shares in the company, valued at $3,716,400. The trade was a 37.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Arjun N. Murti bought 2,500 shares of ConocoPhillips stock in a transaction that occurred on Friday, December 20th. The stock was purchased at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the acquisition, the director now owns 21,500 shares of the company’s stock, valued at $2,061,205. This represents a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on COP shares. Mizuho upgraded shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and increased their price target for the company from $132.00 to $134.00 in a report on Monday, December 16th. Wells Fargo & Company cut their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group set a $132.00 price target on shares of ConocoPhillips in a report on Thursday, January 30th. Barclays cut their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a “neutral” rating to an “overweight” rating and increased their price target for the company from $120.00 to $123.00 in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $133.47.

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.