ConocoPhillips (NYSE:COP) Shares Purchased by Pacer Advisors Inc.

Key Points

• Pacer Advisors Inc. increased its stake in ConocoPhillips by 3.0%, owning over 5.3 million shares, which accounts for approximately 1.3% of their total holdings.
• Recent insider activity includes EVP Kirk L. Johnson purchasing 5,300 shares, increasing their holdings by 57.44% to a total value of approximately $1.37 million.
• Analysts have revised price targets for ConocoPhillips, with a consensus rating of "Moderate Buy" and an average target price of $121.33.

Pacer Advisors Inc. boosted its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 3.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,395,008 shares of the energy producer's stock after purchasing an additional 159,501 shares during the period. ConocoPhillips accounts for approximately 1.3% of Pacer Advisors Inc.'s holdings, making the stock its 5th largest holding. Pacer Advisors Inc. owned approximately 0.43% of ConocoPhillips worth $566,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COP. Murphy & Mullick Capital Management Corp acquired a new stake in shares of ConocoPhillips in the 4th quarter valued at $26,000. 10Elms LLP acquired a new stake in shares of ConocoPhillips in the 4th quarter valued at $28,000. Garde Capital Inc. acquired a new stake in shares of ConocoPhillips in the 1st quarter valued at $35,000. IMA Advisory Services Inc. acquired a new stake in shares of ConocoPhillips during the first quarter worth $37,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of ConocoPhillips during the fourth quarter worth $39,000. 82.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COP. Morgan Stanley reaffirmed an "overweight" rating and set a $119.00 price objective on shares of ConocoPhillips in a research note on Tuesday, July 15th. UBS Group lifted their price objective on ConocoPhillips from $111.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Citigroup decreased their price objective on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, June 11th. Mizuho decreased 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. Finally, Barclays decreased their price objective on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, ConocoPhillips currently has an average rating of "Moderate Buy" and an average target price of $121.33.

Insider Activity at ConocoPhillips

In other news, EVP Kirk L. Johnson purchased 5,300 shares of the business's stock in a transaction dated Monday, June 16th. The shares were bought at an average cost 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is currently owned by company insiders.

ConocoPhillips Stock Up 0.2%

Shares of ConocoPhillips stock traded up $0.16 during trading on Tuesday, reaching $97.18. The stock had a trading volume of 1,587,631 shares, compared to its average volume of 8,188,126. The company has a market capitalization of $122.86 billion, a price-to-earnings ratio of 12.35, a P/E/G ratio of 2.47 and a beta of 0.61. The stock has a fifty day moving average price of $91.28 and a two-hundred day moving average price of $94.25. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $116.08. 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 (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. The company had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. ConocoPhillips had a return on equity of 16.54% and a net margin of 16.02%. During the same period in the previous year, the company posted $2.05 earnings per share. Sell-side analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $0.78 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.21%. ConocoPhillips's dividend payout ratio (DPR) is 39.64%.

About ConocoPhillips

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.