IFM Investors Pty Ltd Grows Stock Holdings in ConocoPhillips $COP

Key Points

• IFM Investors Pty Ltd increased its stake in ConocoPhillips by 1.6% in Q1, holding 247,130 shares worth approximately $25.95 million.
• ConocoPhillips reported $1.42 earnings per share for the last quarter, exceeding analysts’ expectations of $1.36, with a revenue of $14.94 billion.
• The company declared a quarterly dividend of $0.78 per share, translating to an annualized dividend of $3.12 and a yield of 3.4%.

IFM Investors Pty Ltd boosted its position in ConocoPhillips (NYSE:COP - Free Report) by 1.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 247,130 shares of the energy producer's stock after purchasing an additional 3,868 shares during the period. IFM Investors Pty Ltd's holdings in ConocoPhillips were worth $25,954,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of COP. Triumph Capital Management lifted its holdings in shares of ConocoPhillips by 6.7% during the 4th quarter. Triumph Capital Management now owns 2,364 shares of the energy producer's stock worth $234,000 after acquiring an additional 149 shares during the last quarter. Ethic Inc. raised its position in ConocoPhillips by 208.4% in the 4th quarter. Ethic Inc. now owns 19,035 shares of the energy producer's stock worth $1,888,000 after purchasing an additional 12,862 shares during the period. Focus Partners Wealth raised its position in ConocoPhillips by 29.5% in the 4th quarter. Focus Partners Wealth now owns 94,406 shares of the energy producer's stock worth $9,362,000 after purchasing an additional 21,505 shares during the period. Laird Norton Wetherby Wealth Management LLC raised its position in ConocoPhillips by 20.4% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 19,994 shares of the energy producer's stock worth $1,983,000 after purchasing an additional 3,392 shares during the period. Finally, LRI Investments LLC raised its position in ConocoPhillips by 3.6% in the 4th quarter. LRI Investments LLC now owns 3,184 shares of the energy producer's stock worth $316,000 after purchasing an additional 110 shares during the period. 82.36% of the stock is owned by institutional investors.

Insider Activity at ConocoPhillips

In other news, EVP Kirk L. Johnson bought 5,300 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were bought at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the transaction, the executive vice president owned 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 purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company's stock.

ConocoPhillips Stock Down 1.6%

Shares of ConocoPhillips stock traded down $1.53 on Friday, reaching $92.60. The company's stock had a trading volume of 5,169,385 shares, compared to its average volume of 5,845,575. The company has a market capitalization of $115.65 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 2.48 and a beta of 0.69. The firm's fifty day simple moving average is $94.75 and its two-hundred day simple moving average is $92.98. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $116.08. The company has a quick ratio of 1.10, a current ratio of 1.27 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.06. The company had revenue of $14.94 billion for the quarter, compared to the consensus estimate of $14.39 billion. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.ConocoPhillips's quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.98 earnings per share. Equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, August 18th. ConocoPhillips's payout ratio is currently 41.88%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Citigroup dropped their target price on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a report on Wednesday, June 11th. Bank of America decreased their price objective on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Roth Capital restated a "buy" rating on shares of ConocoPhillips in a research report on Wednesday, September 3rd. Wall Street Zen downgraded shares of ConocoPhillips from a "hold" rating to a "sell" rating in a research note on Friday, August 22nd. Finally, Melius Research began coverage on ConocoPhillips in a research note on Wednesday, August 20th. They issued a "hold" rating and a $117.00 target price for the company. Sixteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, ConocoPhillips has an average rating of "Moderate Buy" and a consensus price target of $120.86.

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.