CFC Planning Co LLC Has $2.65 Million Stock Position in ConocoPhillips (NYSE:COP)

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new position in ConocoPhillips during the fourth quarter worth $26,000. 10Elms LLP acquired a new stake in ConocoPhillips in the fourth quarter valued at $28,000. Crowley Wealth Management Inc. acquired a new stake in ConocoPhillips in the fourth quarter valued at $32,000. Garde Capital Inc. acquired a new stake in shares of ConocoPhillips during the first quarter valued at $35,000. Finally, Rakuten Securities Inc. boosted its stake in shares of ConocoPhillips by 222.0% during the fourth quarter. Rakuten Securities Inc. now owns 380 shares of the energy producer's stock valued at $38,000 after acquiring an additional 262 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Performance

NYSE:COP traded up $0.29 during mid-day trading on Friday, hitting $95.66. 4,903,410 shares of the company's stock traded hands, compared to its average volume of 7,648,450. The firm has a 50 day moving average of $90.58 and a two-hundred day moving average of $94.77. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $118.40. The firm has a market capitalization 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. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating 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 firm had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. During the same quarter in the prior year, the company earned $2.05 EPS. On average, equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on COP. Wells Fargo & Company reaffirmed an "overweight" rating and set a $117.00 price objective (up previously from $113.00) on shares of ConocoPhillips in a research note on Thursday, June 26th. Scotiabank increased their target price on ConocoPhillips from $95.00 to $100.00 and gave the stock a "sector perform" rating in a research report on Friday. UBS Group increased their target price on ConocoPhillips from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday. Bank of America reduced their target price on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Finally, Citigroup cut their price objective on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, ConocoPhillips presently has an average rating of "Moderate Buy" and a consensus target price of $122.15.

Insiders Place Their Bets

In other ConocoPhillips news, EVP Kirk L. Johnson bought 5,300 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the purchase, the executive vice president directly owned 14,527 shares in the company, valued at $1,369,024.48. This trade represents a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is currently owned by insiders.

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.