ConocoPhillips (NYSE:COP) Stock Holdings Raised by Chilton Capital Management LLC

Chilton Capital Management LLC boosted its holdings in ConocoPhillips (NYSE:COP - Free Report) by 1.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 342,058 shares of the energy producer's stock after buying an additional 3,775 shares during the quarter. ConocoPhillips makes up about 1.5% of Chilton Capital Management LLC's holdings, making the stock its 17th largest position. Chilton Capital Management LLC's holdings in ConocoPhillips were worth $35,923,000 at the end of the most recent quarter.

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

Insider Buying and Selling

In other news, EVP Kirk L. Johnson acquired 5,300 shares of the business'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 acquisition, the executive vice president directly owned 14,527 shares of the company's stock, valued at $1,369,024.48. This represents a 57.44% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is owned by corporate insiders.

ConocoPhillips Trading Down 1.2%

COP stock traded down $1.18 during midday trading on Wednesday, hitting $94.61. The stock had a trading volume of 5,333,346 shares, compared to its average volume of 8,554,436. The firm has a market cap of $119.60 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 2.50 and a beta of 0.61. The company's 50-day moving average price is $90.30 and its 200 day moving average price is $94.79. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $118.40. 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 for the quarter, beating analysts' consensus estimates 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 net margin of 16.02% and a return on equity of 16.54%. During the same quarter last year, the business earned $2.05 EPS. On average, equities research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a $0.78 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.30%. ConocoPhillips's dividend payout ratio is currently 39.64%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COP. 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. Citigroup decreased their target price on shares of ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, June 11th. Piper Sandler increased their target price on shares of ConocoPhillips from $107.00 to $113.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 2nd. Morgan Stanley increased their target price on shares of ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Mizuho decreased their target price on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $121.80.

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.