Deutsche Bank AG Has $337.79 Million Stock Position in ConocoPhillips (NYSE:COP)

Deutsche Bank AG grew its position in ConocoPhillips (NYSE:COP) by 7.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,406,157 shares of the energy producer’s stock after purchasing an additional 228,109 shares during the quarter. Deutsche Bank AG’s holdings in ConocoPhillips were worth $337,789,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of COP. Delaware Ladera Management Company Inc. bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $99,000. Diligent Investors LLC boosted its holdings in ConocoPhillips by 27.5% during the 4th quarter. Diligent Investors LLC now owns 4,865 shares of the energy producer’s stock worth $482,000 after acquiring an additional 1,050 shares during the last quarter. Eagle Global Advisors LLC purchased a new stake in shares of ConocoPhillips in the fourth quarter valued at about $1,285,000. EP Wealth Advisors LLC lifted its position in shares of ConocoPhillips by 18.1% during the fourth quarter. EP Wealth Advisors LLC now owns 45,697 shares of the energy producer’s stock valued at $4,532,000 after purchasing an additional 7,007 shares in the last quarter. Finally, Collar Capital Management LLC purchased a new position in ConocoPhillips during the fourth quarter worth about $526,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

Shares of COP opened at $88.97 on Friday. The company has a market cap of $112.47 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 0.79 and a beta of 0.64. The business’s fifty day simple moving average is $93.12 and its two-hundred day simple moving average is $99.55. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $124.23. 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 issued its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.04. The firm had revenue of $16.18 billion for the quarter, compared to analysts’ expectations of $15.74 billion. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. During the same quarter in the prior year, the business earned $2.05 EPS. Research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COP. Susquehanna set a $136.00 price target on ConocoPhillips in a report on Tuesday, April 22nd. Morgan Stanley restated an “overweight” rating and issued a $116.00 price objective on shares of ConocoPhillips in a research report on Tuesday, April 15th. Barclays dropped their price target on ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating for the company in a research report on Wednesday, April 23rd. Royal Bank of Canada lowered their price target on ConocoPhillips from $133.00 to $120.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Finally, JPMorgan Chase & Co. reduced their price objective on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a research note on Thursday, March 13th. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus price target of $124.79.

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.