Burney Co. Has $4.18 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Burney Co. lessened its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 14.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,778 shares of the energy producer's stock after selling 6,752 shares during the quarter. Burney Co.'s holdings in ConocoPhillips were worth $4,177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp bought a new position in shares of ConocoPhillips during the fourth quarter valued at $26,000. 10Elms LLP bought a new position in shares of ConocoPhillips during the fourth quarter valued at $28,000. Garde Capital Inc. bought a new position in shares of ConocoPhillips during the first quarter valued at $35,000. IMA Advisory Services Inc. acquired a new position in ConocoPhillips in the first quarter worth $37,000. Finally, Fourth Dimension Wealth LLC acquired a new position in ConocoPhillips in the fourth quarter worth $39,000. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Trading Up 0.7%

Shares of ConocoPhillips stock traded up $0.66 during trading hours on Thursday, hitting $95.70. The company's stock had a trading volume of 5,047,223 shares, compared to its average volume of 6,151,416. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $116.08. The stock has a 50 day moving average of $91.09 and a 200 day moving average of $94.43. The company has a market capitalization of $120.98 billion, a PE ratio of 12.16, 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 current ratio of 1.27 and a quick ratio of 1.13.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. ConocoPhillips had a return on equity of 16.54% and a net margin of 16.02%. The company had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. During the same period in the prior year, the company earned $2.05 earnings per share. Analysts predict 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 dividend of $0.78 per share. 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 3.26%. ConocoPhillips's payout ratio is presently 39.64%.

Insider Activity

In other news, EVP Kirk L. Johnson acquired 5,300 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the acquisition, the executive vice president owned 14,527 shares in the company, valued at $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 SEC, which can be accessed through this hyperlink. Insiders own 0.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Morgan Stanley reissued an "overweight" rating and issued a $119.00 price objective on shares of ConocoPhillips in a research note on Tuesday, July 15th. Susquehanna reduced their price objective on ConocoPhillips from $114.00 to $113.00 and set a "positive" rating on the stock in a research note on Wednesday. Piper Sandler reissued an "overweight" rating and issued a $123.00 price objective (up previously from $113.00) on shares of ConocoPhillips in a research note on Tuesday, July 15th. UBS Group boosted their target price on ConocoPhillips from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Citigroup dropped their target price on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.