2,872 Shares in ConocoPhillips (NYSE:COP) Purchased by Brookwood Investment Group LLC

Key Points

• Brookwood Investment Group LLC has invested approximately $302,000 in ConocoPhillips by acquiring 2,872 shares of the stock in the first quarter, according to their recent SEC filing.
• ConocoPhillips has a market cap of $120.04 billion and reported earnings of $2.09 per share for the last quarter, surpassing analysts' expectations for $2.05.
• The company declared a quarterly dividend of $0.78 per share in June, representing an annualized dividend yield of 3.29% and a payout ratio of 39.64%.

Brookwood Investment Group LLC acquired a new stake in ConocoPhillips (NYSE:COP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,872 shares of the energy producer's stock, valued at approximately $302,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of COP. Zions Bancorporation N.A. grew its position in shares of ConocoPhillips by 29.3% in the 4th quarter. Zions Bancorporation N.A. now owns 529 shares of the energy producer's stock valued at $52,000 after acquiring an additional 120 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in ConocoPhillips in the 4th quarter worth about $26,000. UniSuper Management Pty Ltd raised its stake in ConocoPhillips by 41.4% in the 4th quarter. UniSuper Management Pty Ltd now owns 80,558 shares of the energy producer's stock worth $7,989,000 after purchasing an additional 23,600 shares in the last quarter. Howe & Rusling Inc. raised its position in shares of ConocoPhillips by 13.3% in the 4th quarter. Howe & Rusling Inc. now owns 4,971 shares of the energy producer's stock valued at $493,000 after buying an additional 582 shares in the last quarter. Finally, LM Advisors LLC acquired a new stake in shares of ConocoPhillips during the 4th quarter worth approximately $262,000. Institutional investors own 82.36% of the company's stock.

Wall Street Analyst Weigh In

COP has been the topic of several research reports. Citigroup decreased their price target on shares of ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. Raymond James Financial upped their target price on shares of ConocoPhillips from $109.00 to $117.00 and gave the stock an "outperform" rating in a report on Tuesday, July 22nd. Mizuho reduced their price objective on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, May 13th. Royal Bank Of Canada reduced their price objective on shares of ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a research report on Friday, July 11th. Finally, Bank of America reduced their target price on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $121.33.

Insider Buying and Selling

In other news, EVP Kirk L. Johnson bought 5,300 shares of the firm's stock in a transaction on Monday, June 16th. The stock was acquired at an average cost of $94.24 per share, with a total value of $499,472.00. Following the completion of the acquisition, the executive vice president owned 14,527 shares of the company's stock, valued at approximately $1,369,024.48. This represents a 57.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is owned by insiders.

ConocoPhillips Price Performance

NYSE COP traded up $0.12 on Tuesday, hitting $97.14. The stock had a trading volume of 1,361,919 shares, compared to its average volume of 8,186,928. The firm has a 50-day moving average of $91.28 and a 200-day moving average of $94.25. The company has a market capitalization of $122.79 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.13 and a current ratio of 1.27. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $116.08.

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

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Monday, May 19th. ConocoPhillips's payout ratio is 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.