Huntington National Bank lifted its stake in ConocoPhillips (NYSE:COP) by 6.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 440,932 shares of the energy producer’s stock after acquiring an additional 25,775 shares during the period. Huntington National Bank’s holdings in ConocoPhillips were worth $27,492,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of ConocoPhillips by 0.5% during the third quarter. Vanguard Group Inc. now owns 88,571,791 shares of the energy producer’s stock valued at $6,855,456,000 after acquiring an additional 451,104 shares in the last quarter. Vanguard Group Inc raised its stake in ConocoPhillips by 0.5% in the 3rd quarter. Vanguard Group Inc now owns 88,571,791 shares of the energy producer’s stock valued at $6,855,456,000 after acquiring an additional 451,104 shares during the period. Capital World Investors boosted its stake in shares of ConocoPhillips by 2.4% during the third quarter. Capital World Investors now owns 65,981,471 shares of the energy producer’s stock valued at $5,106,966,000 after purchasing an additional 1,571,260 shares in the last quarter. Bank of New York Mellon Corp boosted its position in ConocoPhillips by 54,716.8% in the third quarter. Bank of New York Mellon Corp now owns 12,236,749 shares of the energy producer’s stock worth $947,125,000 after purchasing an additional 12,214,426 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of ConocoPhillips by 12.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,855,458 shares of the energy producer’s stock worth $685,414,000 after purchasing an additional 964,479 shares in the last quarter. Institutional investors own 72.30% of the company’s stock.
Shares of ConocoPhillips stock opened at $67.78 on Thursday. The company has a market cap of $76.83 billion, a P/E ratio of 14.96, a PEG ratio of 2.20 and a beta of 1.11. ConocoPhillips has a 12 month low of $52.54 and a 12 month high of $80.24. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.79 and a quick ratio of 1.66.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Monday, February 11th will be issued a $0.305 dividend. This represents a $1.22 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, February 8th. ConocoPhillips’s dividend payout ratio (DPR) is currently 26.93%.
COP has been the topic of a number of research reports. Zacks Investment Research lowered shares of ConocoPhillips from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 3rd. Bank of America cut ConocoPhillips from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research report on Friday, January 4th. Barclays reissued a “buy” rating and set a $79.00 price objective on shares of ConocoPhillips in a research note on Friday, January 11th. BMO Capital Markets set a $78.00 price target on shares of ConocoPhillips and gave the stock a “buy” rating in a research note on Monday, November 12th. Finally, Mizuho set a $68.00 price objective on shares of ConocoPhillips and gave the stock a “hold” rating in a report on Monday, December 3rd. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $76.41.
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ConocoPhillips Company Profile
ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. Its portfolio includes North American tight oil and oil sands assets in Canada; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects.
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