ConocoPhillips (NYSE:COP) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. cut its holdings in ConocoPhillips (NYSE:COP - Free Report) by 16.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,450 shares of the energy producer's stock after selling 6,012 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in ConocoPhillips were worth $3,303,000 as of its most recent SEC filing.

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

ConocoPhillips Stock Down 0.8%

Shares of ConocoPhillips stock traded down $0.67 on Thursday, hitting $85.28. 5,109,337 shares of the company's stock traded hands, compared to its average volume of 7,392,310. ConocoPhillips has a 52-week low of $79.88 and a 52-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. The stock has a market cap of $107.80 billion, a P/E ratio of 10.95, a PEG ratio of 0.79 and a beta of 0.61. The firm's 50-day moving average is $89.50 and its 200 day moving average is $96.91.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.04. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. The firm had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. During the same period in the previous year, the company earned $2.05 earnings per share. Equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.66%. The ex-dividend date was Monday, May 19th. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COP. Raymond James reissued an "outperform" rating and issued a $109.00 target price (up previously from $103.00) on shares of ConocoPhillips in a research note on Tuesday, May 20th. Scotiabank reduced their price objective on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Royal Bank of Canada decreased their price objective 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. Susquehanna cut their target price on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a research note on Monday, May 12th. Finally, Barclays decreased their price target on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $121.63.

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.