Catalina Capital Group LLC Sells 3,459 Shares of ConocoPhillips (NYSE:COP)

Catalina Capital Group LLC trimmed its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 35.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,182 shares of the energy producer's stock after selling 3,459 shares during the quarter. Catalina Capital Group LLC's holdings in ConocoPhillips were worth $649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of COP. Murphy & Mullick Capital Management Corp bought a new stake in shares of ConocoPhillips during the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC acquired a new stake in ConocoPhillips during the 4th quarter worth approximately $27,000. 10Elms LLP bought a new stake in ConocoPhillips in the 4th quarter valued at $28,000. Crowley Wealth Management Inc. bought a new stake in ConocoPhillips in the 4th quarter valued at $32,000. Finally, Marshall Investment Management LLC acquired a new position in ConocoPhillips in the 4th quarter valued at $36,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Citigroup lowered their target price on shares of ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. Barclays reduced their price target on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Bank of America lowered their price objective on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Susquehanna dropped 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, Mizuho reduced their target price on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $121.30.

ConocoPhillips Price Performance

Shares of COP traded down $1.73 during trading hours on Thursday, reaching $93.77. The stock had a trading volume of 9,062,760 shares, compared to its average volume of 7,525,768. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.13 and a current ratio of 1.27. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $118.40. The stock has a market capitalization of $118.54 billion, a PE ratio of 11.91, a PEG ratio of 2.58 and a beta of 0.61. The company's 50-day moving average is $89.27 and its two-hundred day moving average is $95.68.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.04. ConocoPhillips had a return on equity of 16.54% and a net margin of 16.02%. The business had revenue of $16.18 billion during the quarter, compared to analysts' expectations of $15.74 billion. During the same quarter in the prior year, the firm earned $2.05 EPS. Research analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors 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 yield of 3.33%. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Insider Activity at ConocoPhillips

In related news, EVP Kirk L. Johnson acquired 5,300 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was acquired 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 now directly owns 14,527 shares of the company's stock, valued at approximately $1,369,024.48. This trade represents a 57.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.24% of the stock is owned by company insiders.

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.