Allen Mooney & Barnes Investment Advisors LLC Purchases 4,710 Shares of ConocoPhillips (NYSE:COP)

Allen Mooney & Barnes Investment Advisors LLC boosted its holdings in ConocoPhillips (NYSE:COP - Free Report) by 6.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,364 shares of the energy producer's stock after buying an additional 4,710 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC's holdings in ConocoPhillips were worth $8,335,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of COP. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips in the fourth quarter valued at about $26,000. Centricity Wealth Management LLC bought a new position in ConocoPhillips in the fourth quarter valued at about $27,000. 10Elms LLP bought a new position in ConocoPhillips in the fourth quarter valued at about $28,000. Crowley Wealth Management Inc. bought a new position in ConocoPhillips in the fourth quarter valued at about $32,000. Finally, Wingate Wealth Advisors Inc. bought a new position in shares of ConocoPhillips during the fourth quarter worth about $36,000. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Price Performance

Shares of COP traded up $2.31 during midday trading on Friday, reaching $97.00. The stock had a trading volume of 16,786,406 shares, compared to its average volume of 7,485,831. The company has a market capitalization of $122.63 billion, a price-to-earnings ratio of 12.45, a price-to-earnings-growth ratio of 0.79 and a beta of 0.61. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $118.40. The company's 50-day moving average is $88.91 and its 200 day moving average is $95.87. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.04. The company had revenue of $16.18 billion during the quarter, compared to analysts' expectations of $15.74 billion. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. During the same period in the prior year, the business posted $2.05 EPS. On average, equities analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm 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. This represents a $3.12 annualized dividend and a yield of 3.22%. The ex-dividend date was Monday, May 19th. ConocoPhillips's dividend payout ratio (DPR) is currently 39.64%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COP. Susquehanna lowered their price objective on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research report on Monday, May 12th. Barclays lowered their target price on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Mizuho reduced their price objective on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Citigroup lowered their target price on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Bank of America lowered their target price on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.30.

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.