ConocoPhillips (NYSE:COP) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. raised its holdings in ConocoPhillips (NYSE:COP - Free Report) by 1,364.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,211 shares of the energy producer's stock after buying an additional 24,421 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in ConocoPhillips were worth $2,753,000 as of its most recent SEC filing.

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

ConocoPhillips Trading Up 2.4%

ConocoPhillips stock traded up $2.31 during trading on Friday, reaching $97.00. 16,786,406 shares of the company were exchanged, compared to its average volume of 7,485,831. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $118.40. The company has a market capitalization of $122.63 billion, a P/E ratio of 12.45, a PEG ratio of 0.79 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. The stock's 50 day simple moving average is $88.91 and its two-hundred day simple moving average is $95.87.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $15.74 billion. During the same quarter last year, the business posted $2.05 earnings per share. On average, equities research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given 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 3.22%. ConocoPhillips's dividend payout ratio is currently 39.64%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Citigroup decreased their target price on shares of ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday. Bank of America lowered their target price on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. Morgan Stanley lifted their price objective on ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. UBS Group cut their target price on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Scotiabank cut their price objective on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of "Moderate Buy" and a consensus target price of $121.30.

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.