Rockefeller Capital Management L.P. Has $18.63 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Rockefeller Capital Management L.P. boosted its stake in shares of ConocoPhillips (NYSE:COP) by 2.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 187,349 shares of the energy producer’s stock after buying an additional 4,066 shares during the period. Rockefeller Capital Management L.P.’s holdings in ConocoPhillips were worth $18,631,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Albion Financial Group UT boosted its stake in ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock worth $25,000 after purchasing an additional 228 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of ConocoPhillips during the fourth quarter worth about $26,000. Centricity Wealth Management LLC bought a new position in shares of ConocoPhillips during the fourth quarter worth about $27,000. Crowley Wealth Management Inc. acquired a new stake in ConocoPhillips in the 4th quarter valued at approximately $32,000. Finally, Marshall Investment Management LLC bought a new stake in ConocoPhillips in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

COP has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company lowered their price target on shares of ConocoPhillips from $132.00 to $128.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Royal Bank of Canada reduced their price objective on shares of ConocoPhillips from $133.00 to $120.00 and set an “outperform” rating for the company in a research note on Monday. Barclays lowered their target price on ConocoPhillips from $137.00 to $135.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Scotiabank reduced their price target on ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating for the company in a research report on Friday. Two research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $129.74.

ConocoPhillips Stock Performance

COP opened at $86.32 on Tuesday. The business has a fifty day simple moving average of $96.24 and a 200 day simple moving average of $101.91. The company has a market capitalization of $109.12 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $132.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP) last issued 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%. Research analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips’s dividend payout ratio is currently 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.