CFC Planning Co LLC Purchases 5,993 Shares of ConocoPhillips (NYSE:COP)

CFC Planning Co LLC boosted its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 31.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,191 shares of the energy producer's stock after purchasing an additional 5,993 shares during the period. ConocoPhillips makes up approximately 2.9% of CFC Planning Co LLC's holdings, making the stock its 11th biggest position. CFC Planning Co LLC's holdings in ConocoPhillips were worth $2,646,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC boosted its holdings in shares of ConocoPhillips by 21.3% in the fourth quarter. Proficio Capital Partners LLC now owns 14,733 shares of the energy producer's stock worth $1,461,000 after buying an additional 2,591 shares during the period. Edgestream Partners L.P. purchased a new stake in shares of ConocoPhillips in the 4th quarter valued at approximately $601,000. Inspire Advisors LLC acquired a new position in ConocoPhillips in the 4th quarter worth approximately $201,000. HighTower Advisors LLC grew its position in ConocoPhillips by 15.2% during the 4th quarter. HighTower Advisors LLC now owns 1,257,243 shares of the energy producer's stock worth $124,681,000 after purchasing an additional 165,477 shares in the last quarter. Finally, PFG Advisors raised its stake in ConocoPhillips by 41.8% during the 4th quarter. PFG Advisors now owns 6,614 shares of the energy producer's stock valued at $656,000 after purchasing an additional 1,949 shares during the period. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Up 0.3%

Shares of ConocoPhillips stock traded up $0.29 during midday trading on Friday, reaching $95.66. 4,903,410 shares of the company's stock traded hands, compared to its average volume of 7,648,450. 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 $118.40. The company's 50 day simple moving average is $90.50 and its 200 day simple moving average is $94.78. The company has a market cap of $120.93 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61.

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

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, May 19th. ConocoPhillips's payout ratio is 39.64%.

Insiders Place Their Bets

In related news, EVP Kirk L. Johnson bought 5,300 shares of the firm's stock in a transaction on Monday, June 16th. The stock was purchased at an average price of $94.24 per share, with a total value of $499,472.00. Following the completion of the transaction, the executive vice president directly owned 14,527 shares of the company's stock, valued at $1,369,024.48. This trade represents a 57.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on COP shares. Royal Bank Of Canada reduced their target price on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a report on Friday. Bank of America reduced their price objective on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Mizuho lowered their target price on 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 upped their target price on ConocoPhillips from $116.00 to $118.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Raymond James Financial restated an "outperform" rating and set a $109.00 price target (up from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $122.15.

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.