MOKAN Wealth Management Inc. Has $5.52 Million Holdings in ConocoPhillips (NYSE:COP)

MOKAN Wealth Management Inc. increased its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 19.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 52,551 shares of the energy producer's stock after purchasing an additional 8,737 shares during the quarter. ConocoPhillips accounts for about 3.3% of MOKAN Wealth Management Inc.'s investment portfolio, making the stock its 8th largest holding. MOKAN Wealth Management Inc.'s holdings in ConocoPhillips were worth $5,519,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of COP. Spire Wealth Management lifted its stake in shares of ConocoPhillips by 10.5% during the first quarter. Spire Wealth Management now owns 18,646 shares of the energy producer's stock worth $1,958,000 after purchasing an additional 1,776 shares in the last quarter. waypoint wealth counsel acquired a new stake in ConocoPhillips in the first quarter valued at approximately $223,000. Mattern Capital Management LLC lifted its position in shares of ConocoPhillips by 21.1% during the first quarter. Mattern Capital Management LLC now owns 9,833 shares of the energy producer's stock worth $1,033,000 after purchasing an additional 1,714 shares in the last quarter. Riverbend Wealth Management LLC grew its holdings in ConocoPhillips by 9.3% during the 1st quarter. Riverbend Wealth Management LLC now owns 3,275 shares of the energy producer's stock valued at $344,000 after purchasing an additional 278 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its stake in ConocoPhillips by 4.6% during the 1st quarter. Daymark Wealth Partners LLC now owns 12,192 shares of the energy producer's stock worth $1,280,000 after buying an additional 539 shares during the period. Hedge funds and other institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Performance

ConocoPhillips stock traded up $1.88 on Thursday, reaching $90.88. 6,526,745 shares of the stock were exchanged, compared to its average volume of 7,525,956. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $118.40. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36. The stock has a market cap of $114.89 billion, a PE ratio of 11.55, a PEG ratio of 2.41 and a beta of 0.61. The firm has a fifty day moving average price of $89.89 and a two-hundred day moving average price of $95.24.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. The business had revenue of $16.18 billion for the quarter, compared to the consensus estimate 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 company posted $2.05 earnings per share. Sell-side analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently declared 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 3.43%. ConocoPhillips's dividend payout ratio is 39.64%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, EVP Kirk L. Johnson bought 5,300 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were acquired at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the transaction, the executive vice president now owns 14,527 shares in the company, valued at approximately $1,369,024.48. The trade was a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group reduced their price target on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Citigroup cut their target price on shares of ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. Raymond James Financial reissued an "outperform" rating and issued a $109.00 price objective (up from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. Morgan Stanley increased their target price on shares of ConocoPhillips from $116.00 to $118.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Barclays lowered their price target on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $121.50.

ConocoPhillips 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.