Catalyst Capital Advisors LLC Acquires Shares of 3,055 ConocoPhillips (NYSE:COP)

Catalyst Capital Advisors LLC purchased a new position in shares of ConocoPhillips (NYSE:COP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,055 shares of the energy producer's stock, valued at approximately $321,000.

A number of other large investors have also modified their holdings of COP. Gray Wealth Management Inc. increased its stake in ConocoPhillips by 5.0% during the 4th quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock valued at $215,000 after purchasing an additional 104 shares in the last quarter. Plancorp LLC grew its holdings in shares of ConocoPhillips by 2.7% during the fourth quarter. Plancorp LLC now owns 4,018 shares of the energy producer's stock valued at $399,000 after buying an additional 104 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of ConocoPhillips by 3.7% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,912 shares of the energy producer's stock valued at $289,000 after acquiring an additional 105 shares during the period. Councilmark Asset Management LLC raised its stake in ConocoPhillips by 0.5% in the 4th quarter. Councilmark Asset Management LLC now owns 19,639 shares of the energy producer's stock worth $1,948,000 after acquiring an additional 106 shares during the last quarter. Finally, Second Line Capital LLC raised its stake in ConocoPhillips by 2.2% in the 4th quarter. Second Line Capital LLC now owns 4,990 shares of the energy producer's stock worth $495,000 after acquiring an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

Insider Buying and Selling

In related news, EVP Kirk L. Johnson acquired 5,300 shares of the firm's stock in a transaction 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 completion of the acquisition, the executive vice president directly owned 14,527 shares in the company, valued at approximately $1,369,024.48. This trade represents a 57.44% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.24% of the company's stock.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock traded down $0.16 on Friday, hitting $94.28. The company's stock had a trading volume of 4,331,501 shares, compared to its average volume of 7,600,427. The company has a market capitalization of $119.19 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 2.53 and a beta of 0.61. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $118.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.13 and a current ratio of 1.27. The firm has a fifty day moving average price of $90.23 and a 200-day moving average price of $94.81.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating the consensus estimate of $2.05 by $0.04. The company 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 last year, the company earned $2.05 earnings per share. As a group, sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a $0.78 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.31%. ConocoPhillips's dividend payout ratio is currently 39.64%.

Analysts Set New Price Targets

COP has been the topic of a number of research reports. JPMorgan Chase & Co. cut their price objective on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Bank of America cut their price target on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Royal Bank Of Canada reduced their price target on shares of ConocoPhillips from $120.00 to $115.00 and set an "outperform" rating for the company in a research report on Friday, May 30th. Morgan Stanley lifted their price objective on shares of ConocoPhillips from $116.00 to $118.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, Scotiabank cut their price objective on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.80.

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.