Crossmark Global Holdings Inc. Has $10.78 Million Stake in ConocoPhillips (NYSE:COP)

Crossmark Global Holdings Inc. boosted its stake in ConocoPhillips (NYSE:COP - Free Report) by 7.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,619 shares of the energy producer's stock after buying an additional 6,804 shares during the period. Crossmark Global Holdings Inc.'s holdings in ConocoPhillips were worth $10,777,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COP. Murphy & Mullick Capital Management Corp bought a new position in shares of ConocoPhillips during the 4th quarter valued at about $26,000. 10Elms LLP bought a new position in shares of ConocoPhillips during the 4th quarter valued at about $28,000. Crowley Wealth Management Inc. purchased a new stake in ConocoPhillips during the fourth quarter valued at about $32,000. Garde Capital Inc. purchased a new stake in ConocoPhillips during the first quarter valued at about $35,000. Finally, Rakuten Securities Inc. lifted its stake in 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 buying an additional 262 shares in the last quarter. Institutional investors own 82.36% of the company's stock.

Insider Buying and Selling

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

Analyst Ratings Changes

COP has been the subject of a number of analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating and set a $117.00 price objective (up from $113.00) on shares of ConocoPhillips in a research note on Thursday, June 26th. Bank of America reduced their price objective on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Piper Sandler upped their price objective on shares of ConocoPhillips from $107.00 to $113.00 and gave the company an "overweight" rating in a research note on Wednesday, July 2nd. Susquehanna reduced their price objective on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research note on Monday, May 12th. Finally, Scotiabank increased their price target on shares of ConocoPhillips from $95.00 to $100.00 and gave the stock a "sector perform" rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, ConocoPhillips presently has an average rating of "Moderate Buy" and an average price target of $122.15.

ConocoPhillips Stock Up 0.3%

NYSE:COP traded up $0.29 during mid-day trading on Friday, reaching $95.66. The stock had a trading volume of 4,903,410 shares, compared to its average volume of 7,648,450. The business's 50 day moving average is $90.58 and its 200 day moving average is $94.77. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $118.40. The stock has a market cap of $120.93 billion, a P/E ratio of 12.16, a PEG ratio of 2.57 and a beta of 0.61. 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 EPS 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 company had revenue of $16.18 billion for the quarter, compared to the consensus estimate of $15.74 billion. During the same quarter last year, the company posted $2.05 earnings per share. As a group, sell-side analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $0.78 per share. The ex-dividend date was Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.26%. 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.