<div id="readability-page-1"><p>Renaissance Technologies LLC trimmed its position in  ConocoPhillips (NYSE:COP - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 810,461 shares of the energy producer's stock after selling 11,347 shares during the quarter. Renaissance Technologies LLC owned about 0.07% of ConocoPhillips worth $80,373,000 as of its most recent filing with the Securities and Exchange Commission.</p><div><p><span></span><span>Get <strong>ConocoPhillips</strong> alerts:</span></p></div><ul><li>These 5 Energy Stocks Hedge Inflation With Growth Potential</li></ul><p>A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Nova Scotia boosted its position in shares of  ConocoPhillips by 201.0% in the fourth quarter. Bank of Nova Scotia now owns 909,684 shares of the energy producer's stock valued at $90,224,000 after acquiring an additional 607,475 shares during the period.  Shelton Capital Management increased its stake in  ConocoPhillips by 0.9% in the fourth quarter. Shelton Capital Management now owns 76,873 shares of the energy producer's stock valued at $7,624,000 after acquiring an additional 683 shares during the period.  Canopy Partners LLC raised its holdings in shares of  ConocoPhillips by 9.0% in the 4th quarter. Canopy Partners LLC now owns 8,174 shares of the energy producer's stock worth $811,000 after buying an additional 674 shares in the last quarter.  Invesco Ltd. raised its stake in  ConocoPhillips by 37.1% during the fourth quarter. Invesco Ltd. now owns 15,570,246 shares of the energy producer's stock worth $1,544,101,000 after acquiring an additional 4,211,939 shares in the last quarter.  Finally, Bank of Montreal Can lifted its holdings in  ConocoPhillips by 5.8% during the 4th quarter. Bank of Montreal Can now owns 1,839,758 shares of the energy producer's stock valued at $182,449,000 after purchasing an additional 100,593 shares during the last quarter. Institutional investors and hedge funds own  82.36% of the company's stock. </p><h2>Analyst Ratings Changes</h2><p>Several brokerages have issued reports on COP. Piper Sandler cut their price objective on ConocoPhillips from $135.00 to $114.00 and set an &#34;overweight&#34; rating for the company in a research report on Thursday, December 19th. Barclays decreased their price objective on ConocoPhillips from $137.00 to $135.00 and set an &#34;overweight&#34; rating for the company in a research note on Monday, February 10th. Wells Fargo &amp; Company lowered their target price on shares of ConocoPhillips from $132.00 to $128.00 and set an &#34;overweight&#34; rating for the company in a research note on Monday, February 10th. UBS Group decreased their price target on shares of ConocoPhillips from $130.00 to $116.00 and set a &#34;buy&#34; rating for the company in a report on Monday. Finally, Raymond James downgraded ConocoPhillips from a &#34;strong-buy&#34; rating to an &#34;outperform&#34; rating and dropped their price objective for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one  has issued  a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $131.84.</p><ul><li>3 Stocks to Hedge Against Inflation’s Persistence</li></ul><p><b>Get Our Latest Stock Analysis on ConocoPhillips</b></p><h2>ConocoPhillips Stock Down 3.6 %</h2><p>COP stock opened at $82.58 on Wednesday. ConocoPhillips has a twelve month low of $81.04 and a twelve month high of $135.18. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average price of $97.44 and a two-hundred day moving average price of $102.55. The company has a market cap of $104.40 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of 0.79 and a beta of 0.83. </p><ul><li>3 Under-the-Radar Oil Stocks to Keep Your Eye On</li></ul><p>ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%.  Analysts anticipate that  ConocoPhillips will post 8.16 EPS for the current fiscal year. </p><h2>ConocoPhillips Announces Dividend</h2><p>The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a $0.78 dividend. The ex-dividend date of this dividend  was Friday, February 14th. This represents a $3.12 annualized dividend and a yield of 3.78%. ConocoPhillips's dividend payout ratio  is currently 40.05%. </p><h2>ConocoPhillips Profile</h2> (Free Report)<p>ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than ConocoPhillips</li><li>What is a penny stock? A comprehensive guide</li><li>Tariff-Proof Stocks: 3 Big Bargains With Huge Upside Potential</li><li>What is the Australian Securities Exchange (ASX) </li><li>Qualcomm Breaks Down But RSI Signals It’s Severely Oversold</li><li>Differences Between Momentum Investing and Long Term Investing </li><li>Tesla’s #1 Bull Cuts Target But Says It’s Still a Buy</li></ul><p><strong>Want to see what other hedge funds are holding COP?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNPUA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNPUA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in ConocoPhillips Right Now?</h2><p>Before you consider ConocoPhillips, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ConocoPhillips wasn't on the list.</p><p>While ConocoPhillips currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Renaissance Technologies LLC reduced its stake in ConocoPhillips (NYSE:COP) by 1.4% in Q4, now holding 810,461 shares valued at $80.37 million. Other institutional investors also adjusted their positions, with Bank of Nova Scotia increasing its stake by 201%. Analysts have varied price targets for COP, with a consensus rating of "Moderate Buy" and a target price of $131.84. ConocoPhillips recently reported earnings of $1.98 per share, exceeding estimates, and declared a quarterly dividend of $0.78, yielding 3.78%.</p>

Renaissance Technologies LLC Has $80.37 Million Stake in ConocoPhillips (NYSE:COP)