C M Bidwell & Associates Ltd. purchased a new stake in ConocoPhillips (NYSE:COP) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 3,990 shares of the energy producer’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. grew its position in ConocoPhillips by 468.8% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,820 shares of the energy producer’s stock valued at $100,000 after purchasing an additional 1,500 shares during the period. Krilogy Financial LLC grew its position in ConocoPhillips by 48.6% in the 2nd quarter. Krilogy Financial LLC now owns 2,392 shares of the energy producer’s stock valued at $105,000 after purchasing an additional 782 shares during the period. Rocky Mountain Advisers LLC grew its position in ConocoPhillips by 140.2% in the 3rd quarter. Rocky Mountain Advisers LLC now owns 2,392 shares of the energy producer’s stock valued at $120,000 after purchasing an additional 1,396 shares during the period. First Personal Financial Services grew its position in ConocoPhillips by 111.9% in the 4th quarter. First Personal Financial Services now owns 2,649 shares of the energy producer’s stock valued at $145,000 after purchasing an additional 1,399 shares during the period. Finally, Clear Perspective Advisors LLC grew its position in ConocoPhillips by 75.5% in the 2nd quarter. Clear Perspective Advisors LLC now owns 2,790 shares of the energy producer’s stock valued at $123,000 after purchasing an additional 1,200 shares during the period. 70.93% of the stock is owned by institutional investors and hedge funds.

In other ConocoPhillips news, Director Charles E. Bunch bought 2,000 shares of the stock in a transaction dated Monday, December 11th. The shares were bought at an average cost of $52.06 per share, for a total transaction of $104,120.00. Following the purchase, the director now directly owns 3,429 shares of the company’s stock, valued at approximately $178,513.74. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.82% of the company’s stock.

Several analysts recently issued reports on COP shares. Goldman Sachs Group raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and set a $60.00 price target for the company in a research report on Wednesday, December 13th. Howard Weil downgraded shares of ConocoPhillips from a “focus list” rating to an “outperform” rating and set a $58.00 price target for the company. in a research report on Friday, December 22nd. Credit Suisse Group started coverage on shares of ConocoPhillips in a research report on Monday, December 11th. They issued a “neutral” rating and a $50.00 price target for the company. Royal Bank of Canada lifted their price objective on shares of ConocoPhillips from $58.00 to $60.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Finally, Barclays lifted their price objective on shares of ConocoPhillips from $55.00 to $59.00 and gave the stock an “overweight” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $59.06.

Shares of ConocoPhillips (COP) opened at $53.32 on Wednesday. The company has a market capitalization of $63,740.00, a price-to-earnings ratio of -82.03, a PEG ratio of 1.70 and a beta of 1.32. ConocoPhillips has a 52 week low of $42.26 and a 52 week high of $61.31. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.23 and a current ratio of 2.38.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, February 1st. The energy producer reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. The company had revenue of $8.74 billion for the quarter, compared to analysts’ expectations of $7.70 billion. ConocoPhillips had a positive return on equity of 2.78% and a negative net margin of 2.04%. During the same period in the previous year, the business posted ($0.26) EPS. research analysts predict that ConocoPhillips will post 2.79 earnings per share for the current fiscal year.

ConocoPhillips announced that its Board of Directors has initiated a share buyback plan on Wednesday, November 8th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the energy producer to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Monday, February 12th will be paid a dividend of $0.285 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.14%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.27. The ex-dividend date is Friday, February 9th. ConocoPhillips’s payout ratio is presently -175.38%.

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About ConocoPhillips

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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