ConocoPhillips (NYSE:COP) Position Trimmed by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. lessened its holdings in ConocoPhillips (NYSE:COP - Free Report) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 345,807 shares of the energy producer's stock after selling 7,873 shares during the quarter. ConocoPhillips accounts for about 0.9% of GF Fund Management CO. LTD.'s holdings, making the stock its 22nd biggest position. GF Fund Management CO. LTD.'s holdings in ConocoPhillips were worth $36,317,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Silver Oak Securities Incorporated lifted its position in shares of ConocoPhillips by 28.3% during the 1st quarter. Silver Oak Securities Incorporated now owns 2,676 shares of the energy producer's stock valued at $274,000 after acquiring an additional 591 shares during the period. Calamos Wealth Management LLC raised its position in shares of ConocoPhillips by 10.6% during the 1st quarter. Calamos Wealth Management LLC now owns 2,272 shares of the energy producer's stock worth $239,000 after purchasing an additional 218 shares during the last quarter. Aviance Capital Partners LLC raised its position in shares of ConocoPhillips by 1.6% during the 1st quarter. Aviance Capital Partners LLC now owns 25,445 shares of the energy producer's stock worth $2,672,000 after purchasing an additional 396 shares during the last quarter. Conning Inc. raised its position in shares of ConocoPhillips by 7.5% during the 1st quarter. Conning Inc. now owns 390,631 shares of the energy producer's stock worth $41,024,000 after purchasing an additional 27,220 shares during the last quarter. Finally, Checchi Capital Advisers LLC raised its position in shares of ConocoPhillips by 5.2% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,215 shares of the energy producer's stock worth $1,598,000 after purchasing an additional 749 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, EVP Kirk L. Johnson bought 5,300 shares of the business's stock in a transaction on Monday, June 16th. The shares were purchased at an average price of $94.24 per share, with a total value of $499,472.00. Following the purchase, the executive vice president directly owned 14,527 shares of the company's stock, valued at approximately $1,369,024.48. The trade was a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.24% of the company's stock.

ConocoPhillips Stock Down 0.2%

COP stock traded down $0.16 during trading 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. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $118.40. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $119.19 billion, a P/E ratio of 11.98, a PEG ratio of 2.53 and a beta of 0.61. The firm has a fifty day moving average price of $90.23 and a 200 day moving average price of $94.81.

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, beating analysts' consensus estimates of $2.05 by $0.04. The business had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. During the same quarter in the prior year, the business posted $2.05 EPS. On average, equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business 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 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend was Monday, May 19th. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Analysts Set New Price Targets

Several research firms have commented on COP. Royal Bank Of Canada lowered their target price on shares of ConocoPhillips from $120.00 to $115.00 and set an "outperform" rating for the company in a research note on Friday, May 30th. Barclays lowered their target price on shares of 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 target price on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research note on Monday, May 12th. UBS Group lowered 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, Piper Sandler boosted their price objective on shares of ConocoPhillips from $107.00 to $113.00 and gave the company an "overweight" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.80.

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.