Financial Architects Inc Lowers Position in ConocoPhillips (COP)

Financial Architects Inc reduced its position in ConocoPhillips (NYSE:COP) by 14.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,428 shares of the energy producer’s stock after selling 767 shares during the quarter. Financial Architects Inc’s holdings in ConocoPhillips were worth $276,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its position in shares of ConocoPhillips by 54,716.8% during the third quarter. Bank of New York Mellon Corp now owns 12,236,749 shares of the energy producer’s stock valued at $947,125,000 after buying an additional 12,214,426 shares during the period. AQR Capital Management LLC increased its position in shares of ConocoPhillips by 85.1% during the third quarter. AQR Capital Management LLC now owns 8,596,351 shares of the energy producer’s stock valued at $665,357,000 after buying an additional 3,951,688 shares during the period. Capital World Investors increased its position 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 buying an additional 1,571,260 shares during the period. LSV Asset Management increased its position in shares of ConocoPhillips by 4,028.4% during the third quarter. LSV Asset Management now owns 1,552,287 shares of the energy producer’s stock valued at $120,147,000 after buying an additional 1,514,687 shares during the period. Finally, Morgan Stanley increased its position in shares of ConocoPhillips by 30.0% during the third quarter. Morgan Stanley now owns 6,275,872 shares of the energy producer’s stock valued at $485,752,000 after buying an additional 1,449,736 shares during the period. Institutional investors and hedge funds own 72.30% of the company’s stock.

Shares of NYSE COP opened at $66.74 on Tuesday. ConocoPhillips has a 12 month low of $52.54 and a 12 month high of $80.24. The company has a quick ratio of 1.66, a current ratio of 1.79 and a debt-to-equity ratio of 0.46. The stock has a market cap of $76.28 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, January 31st. The energy producer reported $1.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.08. ConocoPhillips had a return on equity of 16.91% and a net margin of 16.16%. The company had revenue of $10.36 billion during the quarter, compared to analyst estimates of $10.60 billion. During the same quarter in the previous year, the firm earned $0.45 earnings per share. Sell-side analysts anticipate that ConocoPhillips will post 3.35 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Monday, February 11th will be issued a dividend of $0.305 per share. This represents a $1.22 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, February 8th. ConocoPhillips’s payout ratio is 26.93%.

Several equities research analysts have recently weighed in on COP shares. Zacks Investment Research cut ConocoPhillips from a “hold” rating to a “strong sell” rating in a research report 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 reiterated a “buy” rating and set a $79.00 price target on shares of ConocoPhillips in a research report on Friday, January 11th. BMO Capital Markets set a $78.00 price target on ConocoPhillips and gave the company a “buy” rating in a research report on Monday, November 12th. Finally, Mizuho set a $68.00 price target on ConocoPhillips and gave the company a “hold” rating in a research report on Monday, December 3rd. Nine analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. ConocoPhillips has an average rating of “Buy” and an average price target of $76.41.

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About ConocoPhillips

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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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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