Janus Henderson Group PLC Increases Holdings in ConocoPhillips $COP

Janus Henderson Group PLC lifted its stake in shares of ConocoPhillips (NYSE:COP) by 207.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,697,232 shares of the energy producer’s stock after purchasing an additional 2,496,606 shares during the quarter. Janus Henderson Group PLC’s holdings in ConocoPhillips were worth $488,030,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in ConocoPhillips in the 4th quarter worth about $25,000. Strive Asset Management LLC purchased a new stake in shares of ConocoPhillips in the third quarter worth about $28,000. Frazier Financial Advisors LLC boosted its position in shares of ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after acquiring an additional 145 shares during the period. BNP Paribas bought a new position in shares of ConocoPhillips in the second quarter valued at approximately $33,000. Finally, Optima Capital LLC purchased a new position in ConocoPhillips during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on COP. Freedom Capital lowered shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Wolfe Research raised their price target on shares of ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Argus upped their price target on shares of ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, May 15th. The Goldman Sachs Group decreased their price target on shares of ConocoPhillips from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Finally, Susquehanna increased their price objective on ConocoPhillips from $152.00 to $155.00 and gave the stock a “positive” rating in a research report on Tuesday, July 21st. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.16.

ConocoPhillips Trading Up 3.6%

Shares of COP opened at $118.17 on Thursday. The firm’s 50 day simple moving average is $113.01 and its 200 day simple moving average is $114.74. The company has a market capitalization of $143.97 billion, a P/E ratio of 20.06, a P/E/G ratio of 1.38 and a beta of 0.12. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.87.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The business had revenue of $15.76 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the business posted $2.09 earnings per share. ConocoPhillips’s revenue for the quarter was down 6.1% on a year-over-year basis. Sell-side analysts forecast that ConocoPhillips will post 9.2 earnings per share for the current fiscal year.

ConocoPhillips Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.