7,011 Shares in ConocoPhillips (NYSE:COP) Purchased by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC bought a new stake in ConocoPhillips (NYSE:COP - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,011 shares of the energy producer's stock, valued at approximately $736,000.

Other large investors have also recently bought and sold shares of the company. Advisor OS LLC raised its position in ConocoPhillips by 13.1% during the 4th quarter. Advisor OS LLC now owns 4,123 shares of the energy producer's stock worth $409,000 after purchasing an additional 477 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of ConocoPhillips during the fourth quarter worth about $64,000. Nwam LLC raised its holdings in ConocoPhillips by 35.7% during the 4th quarter. Nwam LLC now owns 6,223 shares of the energy producer's stock worth $617,000 after purchasing an additional 1,636 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in ConocoPhillips by 11,933.6% during the 4th quarter. Proficio Capital Partners LLC now owns 1,461,117 shares of the energy producer's stock worth $1,461,000 after purchasing an additional 1,448,975 shares during the last quarter. Finally, Linscomb Wealth Inc. raised its stake in ConocoPhillips by 89.8% during the fourth quarter. Linscomb Wealth Inc. now owns 7,164 shares of the energy producer's stock worth $710,000 after buying an additional 3,390 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Kirk L. Johnson acquired 5,300 shares of the stock in a transaction on Monday, June 16th. The stock was purchased at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the transaction, the executive vice president now owns 14,527 shares of the company's stock, valued at $1,369,024.48. This trade represents a 57.44% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.24% of the company's stock.

ConocoPhillips Price Performance

Shares of COP traded down $0.69 during trading hours on Friday, reaching $90.20. 7,553,864 shares of the company's stock traded hands, compared to its average volume of 7,542,196. The stock has a market cap of $114.03 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 2.44 and a beta of 0.61. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36. The firm's 50 day simple moving average is $89.96 and its 200-day simple moving average is $95.02. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $118.40.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.04. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. The business had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. During the same period in the previous year, the business posted $2.05 earnings per share. Equities analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.46%. The ex-dividend date was Monday, May 19th. ConocoPhillips's dividend payout ratio (DPR) is currently 39.64%.

Analyst Ratings Changes

Several research firms have recently weighed in on COP. Susquehanna lowered their price objective on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research report on Monday, May 12th. Barclays decreased their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Mizuho reduced their target price on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Piper Sandler reduced their target price on ConocoPhillips from $114.00 to $107.00 and set an "overweight" rating for the company in a report on Tuesday, May 13th. Finally, Scotiabank reduced their price objective on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat, ConocoPhillips currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.50.

ConocoPhillips Company Profile

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.