ConocoPhillips (NYSE:COP) Stock Position Lessened by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft significantly reduced its holdings in ConocoPhillips by 86.3%, now owning 5,409 shares valued at approximately $561,000.
• ConocoPhillips reported a quarterly earnings per share of $2.09, exceeding expectations and signaling strong financial performance with revenue of $16.18 billion.
• The company announced a quarterly dividend of $0.78, translating to an annualized yield of 3.23%, with a dividend payout ratio of 39.64%.

Baader Bank Aktiengesellschaft lowered its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 86.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,409 shares of the energy producer's stock after selling 34,136 shares during the period. Baader Bank Aktiengesellschaft's holdings in ConocoPhillips were worth $561,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in COP. 10Elms LLP purchased a new stake in shares of ConocoPhillips during the 4th quarter worth about $28,000. Garde Capital Inc. purchased a new stake in shares of ConocoPhillips during the 1st quarter worth about $35,000. IMA Advisory Services Inc. purchased a new stake in shares of ConocoPhillips during the 1st quarter worth about $37,000. Fourth Dimension Wealth LLC purchased a new stake in shares of ConocoPhillips during the 4th quarter worth about $39,000. Finally, MorganRosel Wealth Management LLC purchased a new stake in shares of ConocoPhillips during the 1st quarter worth about $42,000. Institutional investors and hedge funds own 82.36% of the company's stock.

Insider Activity

In other news, EVP Kirk L. Johnson purchased 5,300 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were acquired at an average cost of $94.24 per share, with a total value of $499,472.00. Following the transaction, the executive vice president owned 14,527 shares in the company, valued at approximately $1,369,024.48. The trade was a 57.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.24% of the company's stock.

ConocoPhillips Stock Down 2.7%

Shares of COP traded down $2.59 during trading on Friday, reaching $92.75. The company's stock had a trading volume of 6,348,613 shares, compared to its average volume of 5,417,085. The company has a quick ratio of 1.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.36. The company has a market cap of $117.25 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 2.48 and a beta of 0.67. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $116.08. The company has a fifty day moving average of $91.97 and a two-hundred day moving average of $94.15.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly 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. The business had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. ConocoPhillips had a return on equity of 16.54% and a net margin of 16.02%. During the same period in the prior year, the company posted $2.05 EPS. On average, sell-side analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, May 19th. ConocoPhillips's dividend payout ratio is currently 39.64%.

Analyst Upgrades and Downgrades

COP has been the subject of a number of research reports. Wells Fargo & Company reiterated an "overweight" rating and set a $117.00 target price (up previously from $113.00) on shares of ConocoPhillips in a report on Thursday, June 26th. Mizuho decreased their target price on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. UBS Group boosted their target price on ConocoPhillips from $111.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Bank of America reduced their price target on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Finally, Raymond James Financial boosted their price target on ConocoPhillips from $109.00 to $117.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $121.33.

About ConocoPhillips

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.