ConocoPhillips (NYSE:COP) Shares Purchased by Parkside Investments LLC

Parkside Investments LLC grew its holdings in ConocoPhillips (NYSE:COP - Free Report) by 11.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 111,653 shares of the energy producer's stock after acquiring an additional 11,645 shares during the quarter. ConocoPhillips accounts for approximately 1.7% of Parkside Investments LLC's holdings, making the stock its 17th largest holding. Parkside Investments LLC's holdings in ConocoPhillips were worth $11,726,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD lifted its holdings in shares of ConocoPhillips by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock worth $4,546,706,000 after purchasing an additional 5,549,078 shares during the period. Leavell Investment Management Inc. raised its position in ConocoPhillips by 59.8% during the 4th quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock worth $1,901,000 after buying an additional 7,174 shares during the last quarter. Asset Management One Co. Ltd. lifted its stake in ConocoPhillips by 11.7% during the 4th quarter. Asset Management One Co. Ltd. now owns 519,371 shares of the energy producer's stock valued at $50,345,000 after acquiring an additional 54,196 shares during the period. New York State Teachers Retirement System lifted its stake in ConocoPhillips by 7.4% during the 4th quarter. New York State Teachers Retirement System now owns 1,170,901 shares of the energy producer's stock valued at $116,118,000 after acquiring an additional 80,199 shares during the period. Finally, Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of ConocoPhillips by 26.2% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 43,384 shares of the energy producer's stock worth $4,302,000 after purchasing an additional 9,002 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock traded up $2.31 during mid-day trading on Friday, reaching $97.00. 16,786,406 shares of the stock traded hands, compared to its average volume of 7,478,713. The stock has a market capitalization of $122.63 billion, a PE ratio of 12.45, a PEG ratio of 0.79 and a beta of 0.61. The business has a 50-day moving average of $88.62 and a 200 day moving average of $96.02. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $118.40. The company has a quick ratio of 1.14, a current ratio of 1.29 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, topping the consensus estimate of $2.05 by $0.04. The firm 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 previous year, the business earned $2.05 earnings per share. On average, analysts predict 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. Stockholders of record on Monday, May 19th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Monday, May 19th. ConocoPhillips's payout ratio is 39.64%.

Wall Street Analysts Forecast Growth

COP has been the subject of a number of recent research reports. Barclays reduced 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. Susquehanna lowered their price objective on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. Bank of America dropped their price objective on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. UBS Group decreased their target price on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Scotiabank lowered their price target on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $121.30.

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.