Cambridge Investment Research Advisors Inc. Acquires 12,208 Shares of ConocoPhillips (NYSE:COP)

Cambridge Investment Research Advisors Inc. increased its position in ConocoPhillips (NYSE:COP - Free Report) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 234,397 shares of the energy producer's stock after buying an additional 12,208 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in ConocoPhillips were worth $24,616,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new position in ConocoPhillips during the fourth quarter worth approximately $26,000. 10Elms LLP acquired a new position in ConocoPhillips during the fourth quarter worth approximately $28,000. Crowley Wealth Management Inc. acquired a new position in ConocoPhillips during the fourth quarter worth approximately $32,000. Garde Capital Inc. acquired a new position in ConocoPhillips during the first quarter worth approximately $35,000. Finally, Canton Hathaway LLC acquired a new position in ConocoPhillips during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 82.36% of the company's stock.

Insiders Place Their Bets

In other ConocoPhillips news, EVP Kirk L. Johnson purchased 5,300 shares of the firm's stock in a transaction on Monday, June 16th. The shares were purchased at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the purchase, the executive vice president now directly owns 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.24% of the company's stock.

ConocoPhillips Stock Performance

Shares of NYSE:COP traded down $0.27 during trading on Wednesday, reaching $89.12. The stock had a trading volume of 8,366,434 shares, compared to its average volume of 7,521,245. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $118.40. The firm has a market capitalization of $112.66 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 2.42 and a beta of 0.61. 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 stock has a fifty day simple moving average of $89.89 and a two-hundred day simple moving average of $95.24.

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. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. The company had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. During the same quarter last year, the firm posted $2.05 earnings per share. As a group, analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Monday, May 19th. ConocoPhillips's dividend payout ratio (DPR) is currently 39.64%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on COP shares. Mizuho dropped 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. Susquehanna decreased their target price on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research note on Monday, May 12th. Bank of America decreased their target price on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Barclays decreased their target price 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. Finally, UBS Group decreased their target price on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $121.30.

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.