United Services Automobile Association Has $16.14 Million Holdings in ConocoPhillips (NYSE:COP)

United Services Automobile Association increased its position in shares of ConocoPhillips (NYSE:COP) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 162,762 shares of the energy producer’s stock after buying an additional 2,528 shares during the period. United Services Automobile Association’s holdings in ConocoPhillips were worth $16,141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Twin City Private Wealth LLC raised its holdings in shares of ConocoPhillips by 3.4% in the 4th quarter. Twin City Private Wealth LLC now owns 7,591 shares of the energy producer’s stock valued at $753,000 after purchasing an additional 250 shares during the period. Crowley Wealth Management Inc. acquired a new position in ConocoPhillips during the fourth quarter worth approximately $32,000. Vanguard Group Inc. raised its stake in ConocoPhillips by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 121,826,062 shares of the energy producer’s stock valued at $12,081,491,000 after buying an additional 12,751,120 shares during the period. Stevens Capital Management LP acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $995,000. Finally, LPL Financial LLC boosted its stake in shares of ConocoPhillips by 8.8% during the 4th quarter. LPL Financial LLC now owns 1,111,391 shares of the energy producer’s stock worth $110,217,000 after acquiring an additional 90,067 shares during the period. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Stock Down 0.3 %

COP stock opened at $102.05 on Monday. ConocoPhillips has a 52 week low of $86.81 and a 52 week high of $135.18. The business has a 50-day simple moving average of $99.21 and a 200 day simple moving average of $103.37. 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 company has a market cap of $129.84 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12.

ConocoPhillips (NYSE:COP) last issued its earnings results 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%. Sell-side analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date was Friday, February 14th. ConocoPhillips’s dividend payout ratio is presently 40.05%.

Wall Street Analysts Forecast Growth

COP has been the topic of a number of research analyst reports. Morgan Stanley started coverage on ConocoPhillips in a research note on Monday, December 16th. They issued an “overweight” rating and a $128.00 price target on the stock. UBS Group cut their target price on shares of ConocoPhillips from $140.00 to $137.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Piper Sandler reduced their target price on shares of ConocoPhillips from $135.00 to $114.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Mizuho raised 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. Finally, Raymond James cut ConocoPhillips from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $157.00 to $124.00 in a report on Monday, February 10th. Two research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $133.05.

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.