Huntleigh Advisors Inc. Purchases 23,329 Shares of ConocoPhillips (NYSE:COP)

Huntleigh Advisors Inc. boosted its stake in ConocoPhillips (NYSE:COP - Free Report) by 160.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,871 shares of the energy producer's stock after buying an additional 23,329 shares during the quarter. Huntleigh Advisors Inc.'s holdings in ConocoPhillips were worth $3,977,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Murphy & Mullick Capital Management Corp purchased a new stake in shares of ConocoPhillips during the fourth quarter valued at approximately $26,000. 10Elms LLP bought a new position in ConocoPhillips in the 4th quarter valued at $28,000. Crowley Wealth Management Inc. purchased a new stake in shares of ConocoPhillips during the 4th quarter valued at $32,000. Garde Capital Inc. bought a new stake in shares of ConocoPhillips during the 1st quarter worth $35,000. Finally, Rakuten Securities Inc. boosted its holdings in shares of ConocoPhillips by 222.0% in the 4th quarter. Rakuten Securities Inc. now owns 380 shares of the energy producer's stock worth $38,000 after buying an additional 262 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on COP. Scotiabank decreased their price objective on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. JPMorgan Chase & Co. decreased their price target on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Raymond James Financial reaffirmed an "outperform" rating and issued a $109.00 price target (up previously from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. Susquehanna reduced their price objective on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a report on Monday, May 12th. Finally, Royal Bank Of Canada lowered their target price on ConocoPhillips from $120.00 to $115.00 and set an "outperform" rating on the stock in a research note on Friday, May 30th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, ConocoPhillips currently has an average rating of "Moderate Buy" and a consensus price target of $121.80.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock traded down $0.16 on Friday, reaching $94.28. The stock had a trading volume of 4,331,501 shares, compared to its average volume of 7,600,427. The business's 50 day moving average is $90.18 and its two-hundred day moving average is $94.84. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $118.40. The company has a market cap of $119.19 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 2.53 and a beta of 0.61.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results 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 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 period in the prior year, the company posted $2.05 EPS. As a group, research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.31%. ConocoPhillips's dividend payout ratio is currently 39.64%.

Insiders Place Their Bets

In other ConocoPhillips news, EVP Kirk L. Johnson purchased 5,300 shares of the company's stock in a transaction dated Monday, June 16th. The stock was purchased at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the transaction, the executive vice president owned 14,527 shares in the company, valued at $1,369,024.48. The trade was a 57.44% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.24% of the stock is owned by corporate insiders.

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.