Brown Brothers Harriman & Co. Buys 1,637 Shares of ConocoPhillips (NYSE:COP)

Brown Brothers Harriman & Co. raised its stake in shares of ConocoPhillips (NYSE:COP) by 29.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,253 shares of the energy producer’s stock after acquiring an additional 1,637 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in ConocoPhillips were worth $719,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in COP. Albion Financial Group UT lifted its holdings in 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 purchasing an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp acquired a new stake in shares of ConocoPhillips during the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $27,000. Crowley Wealth Management Inc. acquired a new position in shares of ConocoPhillips in the 4th quarter worth approximately $32,000. Finally, Marshall Investment Management LLC bought a new stake in ConocoPhillips during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their price objective on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating for the company in a research report on Thursday, March 13th. The Goldman Sachs Group set a $132.00 price target on shares of ConocoPhillips in a research report on Thursday, January 30th. Piper Sandler decreased their price objective on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a report on Thursday, December 19th. Mizuho raised shares of ConocoPhillips from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $132.00 to $134.00 in a research note on Monday, December 16th. Finally, Barclays decreased their price target on shares of ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $132.95.

ConocoPhillips Price Performance

Shares of COP opened at $102.37 on Monday. The stock has a market cap of $130.26 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. ConocoPhillips has a 1 year low of $86.81 and a 1 year high of $135.18. The stock’s 50-day moving average price is $98.95 and its two-hundred day moving average price is $103.28. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping 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%. On average, equities analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips’s dividend payout ratio (DPR) is 40.05%.

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.