Asset Management One Co. Ltd. Boosts Stock Holdings in ConocoPhillips (NYSE:COP)

Asset Management One Co. Ltd. boosted its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 555,648 shares of the energy producer's stock after buying an additional 36,277 shares during the quarter. Asset Management One Co. Ltd.'s holdings in ConocoPhillips were worth $58,354,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp purchased a new stake in shares of ConocoPhillips during the 4th quarter worth approximately $26,000. 10Elms LLP purchased a new position in ConocoPhillips in the fourth quarter valued at approximately $28,000. Crowley Wealth Management Inc. bought a new position in ConocoPhillips during the fourth quarter valued at $32,000. Garde Capital Inc. purchased a new stake in ConocoPhillips in the first quarter worth $35,000. Finally, Canton Hathaway LLC purchased a new position in shares of ConocoPhillips during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

Wall Street Analysts Forecast Growth

COP has been the subject of several recent research reports. UBS Group decreased their price objective on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Wells Fargo & Company reduced their target price on shares of ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating for the company in a research note on Wednesday, May 14th. JPMorgan Chase & Co. dropped their price target on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Susquehanna cut their price objective on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a report on Monday, May 12th. Finally, Bank of America lowered their target price on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $121.30.

Insider Buying and Selling

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

ConocoPhillips Price Performance

Shares of NYSE COP traded down $0.27 during midday trading on Wednesday, hitting $89.12. 8,342,329 shares of the company's stock were exchanged, compared to its average volume of 7,510,955. 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 business's fifty day moving average price is $89.84 and its two-hundred day moving average price is $95.28. The company has a market cap of $112.66 billion, a price-to-earnings ratio of 11.32, a PEG ratio of 2.48 and a beta of 0.61. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $118.40.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.04. The business had revenue of $16.18 billion during the quarter, compared to analysts' expectations of $15.74 billion. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. During the same quarter in the previous year, the company earned $2.05 EPS. As a group, research analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $0.78 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.50%. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

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.