Bank Julius Baer & Co. Ltd Zurich Has $182.20 Million Stock Position in ConocoPhillips (NYSE:COP)

Bank Julius Baer & Co. Ltd Zurich increased its position in shares of ConocoPhillips (NYSE:COP) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,711,829 shares of the energy producer’s stock after acquiring an additional 144,693 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.15% of ConocoPhillips worth $182,197,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in COP. Machina Capital S.A.S. acquired a new position in shares of ConocoPhillips during the 4th quarter worth about $1,168,000. Aviance Capital Partners LLC boosted its holdings in shares of ConocoPhillips by 10.2% during the fourth quarter. Aviance Capital Partners LLC now owns 25,049 shares of the energy producer’s stock worth $2,484,000 after acquiring an additional 2,315 shares during the period. AMG National Trust Bank raised its stake in ConocoPhillips by 15.8% in the 4th quarter. AMG National Trust Bank now owns 9,493 shares of the energy producer’s stock worth $935,000 after purchasing an additional 1,295 shares in the last quarter. Pacific Heights Asset Management LLC increased its position in shares of ConocoPhillips by 16.7% in the fourth quarter. Pacific Heights Asset Management LLC now owns 175,000 shares of the energy producer’s stock worth $17,355,000 after purchasing an additional 25,000 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in shares of ConocoPhillips during the 4th quarter worth approximately $601,000. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COP. Truist Financial upped their price target on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Piper Sandler dropped their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating on the stock in a research report on Thursday, December 19th. Wells Fargo & Company lowered their price objective 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. UBS Group cut their price target on ConocoPhillips from $140.00 to $137.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Finally, Morgan Stanley started coverage on ConocoPhillips in a report on Monday, December 16th. They set an “overweight” rating and a $128.00 price target on the stock. Two equities research 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’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $133.47.

ConocoPhillips Stock Up 2.4 %

COP stock opened at $90.70 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock has a market cap of $115.40 billion, a P/E ratio of 11.64, a PEG ratio of 0.79 and a beta of 1.12. The business’s 50-day moving average price is $99.53 and its 200-day moving average price is $104.38. ConocoPhillips has a twelve month low of $86.81 and a twelve month high of $135.18.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates 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 research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were paid a dividend of $0.78 per share. 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 currently 40.05%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, Director R A. Walker bought 10,400 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was acquired 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 of the company’s stock, valued at $3,716,400. This represents a 37.68 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Arjun N. Murti purchased 2,500 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was acquired at an average cost of $95.87 per share, for a total transaction of $239,675.00. Following the completion of the purchase, the director now owns 21,500 shares of the company’s stock, valued at approximately $2,061,205. This represents a 13.16 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.34% of the company’s stock.

About ConocoPhillips

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.