ConocoPhillips (NYSE:COP) Shares Acquired by Bailard Inc.

Bailard Inc. increased its position in ConocoPhillips (NYSE:COP - Free Report) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 189,021 shares of the energy producer's stock after purchasing an additional 5,264 shares during the quarter. Bailard Inc.'s holdings in ConocoPhillips were worth $19,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips during the 4th quarter valued at $26,000. 10Elms LLP bought a new position in ConocoPhillips during the 4th quarter valued at $28,000. Crowley Wealth Management Inc. bought a new position in ConocoPhillips during the 4th quarter valued at $32,000. Garde Capital Inc. bought a new position in ConocoPhillips during the 1st quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC bought a new position in ConocoPhillips during the 4th quarter valued at $39,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on COP shares. Bank of America reduced their price objective on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Mizuho reduced their price objective on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Morgan Stanley reiterated an "overweight" rating and set a $119.00 price objective on shares of ConocoPhillips in a research note on Tuesday. Royal Bank Of Canada reduced their price objective on shares of ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating on the stock in a research note on Friday, July 11th. Finally, UBS Group increased their price objective on shares of ConocoPhillips from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $122.21.

Insider Buying and Selling at ConocoPhillips

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

ConocoPhillips Stock Performance

Shares of COP stock traded down $1.06 during trading hours on Friday, reaching $91.75. The stock had a trading volume of 7,967,743 shares, compared to its average volume of 7,640,115. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.27 and a quick ratio of 1.13. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $118.40. The firm has a 50-day simple moving average of $90.97 and a 200-day simple moving average of $94.66. The firm has a market capitalization of $115.99 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $15.74 billion. During the same quarter last year, the company earned $2.05 EPS. As a group, equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a $0.78 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.40%. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

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.