Voya Financial Advisors Inc. Has $1.01 Million Stock Position in ConocoPhillips (NYSE:COP)

Voya Financial Advisors Inc. grew its stake in shares of ConocoPhillips (NYSE:COP) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,323 shares of the energy producer’s stock after purchasing an additional 1,567 shares during the quarter. Voya Financial Advisors Inc.’s holdings in ConocoPhillips were worth $1,013,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of COP. Advisors Asset Management Inc. increased its position in shares of ConocoPhillips by 7.1% during the 3rd quarter. Advisors Asset Management Inc. now owns 59,740 shares of the energy producer’s stock worth $1,962,000 after purchasing an additional 3,983 shares during the last quarter. Peapack Gladstone Financial Corp increased its position in shares of ConocoPhillips by 3.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 18,764 shares of the energy producer’s stock worth $616,000 after purchasing an additional 541 shares during the last quarter. First City Capital Management Inc. acquired a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $280,000. Squarepoint Ops LLC acquired a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $8,962,000. Finally, Advisory Alpha LLC acquired a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $90,000. 72.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of COP stock opened at $52.38 on Thursday. The company has a quick ratio of 2.16, a current ratio of 2.38 and a debt-to-equity ratio of 0.48. ConocoPhillips has a twelve month low of $27.53 and a twelve month high of $61.14. The company has a market cap of $70.83 billion, a P/E ratio of -46.35, a P/E/G ratio of 10.03 and a beta of 1.85. The business has a fifty day simple moving average of $54.01 and a 200 day simple moving average of $42.67.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Monday, February 1st. The energy producer reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.25) by $0.06. ConocoPhillips had a negative return on equity of 0.02% and a negative net margin of 5.66%. The business had revenue of $6.05 billion during the quarter, compared to the consensus estimate of $4.69 billion. During the same period in the prior year, the company earned $0.76 EPS. As a group, equities research analysts anticipate that ConocoPhillips will post -0.9 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Friday, February 12th were issued a $0.43 dividend. The ex-dividend date was Thursday, February 11th. This represents a $1.72 dividend on an annualized basis and a yield of 3.28%. ConocoPhillips’s payout ratio is presently 47.91%.

A number of research analysts recently weighed in on the company. Piper Sandler boosted their target price on ConocoPhillips from $50.00 to $69.00 and gave the stock an “overweight” rating in a report on Thursday, April 1st. Morgan Stanley boosted their target price on ConocoPhillips from $58.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, March 17th. Barclays boosted their target price on ConocoPhillips from $55.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, January 14th. KeyCorp boosted their target price on ConocoPhillips from $58.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, March 17th. Finally, The Goldman Sachs Group assumed coverage on ConocoPhillips in a research note on Wednesday, February 3rd. They issued a “buy” rating for the company. Four research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $53.88.

ConocoPhillips Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. The company primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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