ConocoPhillips (NYSE:COP) is Castleview Partners LLC's 5th Largest Position

Castleview Partners LLC raised its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 31.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,159 shares of the energy producer's stock after purchasing an additional 8,994 shares during the quarter. ConocoPhillips accounts for about 2.6% of Castleview Partners LLC's portfolio, making the stock its 5th largest position. Castleview Partners LLC's holdings in ConocoPhillips were worth $3,902,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in COP. Tallon Kerry Patrick bought a new stake in ConocoPhillips in the fourth quarter worth $511,000. Strategic Financial Concepts LLC bought a new stake in shares of ConocoPhillips in the 4th quarter worth about $314,000. Global Retirement Partners LLC boosted its stake in shares of ConocoPhillips by 11.4% during the 4th quarter. Global Retirement Partners LLC now owns 9,580 shares of the energy producer's stock worth $950,000 after purchasing an additional 981 shares during the period. Private Advisor Group LLC boosted its stake in shares of ConocoPhillips by 18.0% during the 4th quarter. Private Advisor Group LLC now owns 79,380 shares of the energy producer's stock worth $7,872,000 after purchasing an additional 12,103 shares during the period. Finally, Ieq Capital LLC grew its holdings in ConocoPhillips by 24.5% during the 4th quarter. Ieq Capital LLC now owns 88,027 shares of the energy producer's stock valued at $8,730,000 after purchasing an additional 17,342 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Stock Down 2.5%

NYSE:COP traded down $2.31 during midday trading on Tuesday, reaching $89.41. 11,013,890 shares of the stock traded hands, compared to its average volume of 7,512,722. The stock has a market capitalization of $113.02 billion, a PE ratio of 11.36, a price-to-earnings-growth ratio of 2.56 and a beta of 0.61. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $118.40. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.13 and a current ratio of 1.27. The business has a 50-day moving average of $89.76 and a two-hundred day moving average of $95.32.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share 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 firm had revenue of $16.18 billion during the quarter, compared to analysts' expectations of $15.74 billion. During the same quarter last year, the firm earned $2.05 EPS. On average, equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a yield of 3.49%. The ex-dividend date was Monday, May 19th. ConocoPhillips's dividend payout ratio is presently 39.64%.

Insider Transactions 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 purchased at an average cost of $94.24 per share, with a total value of $499,472.00. Following the transaction, the executive vice president now directly owns 14,527 shares of the company's stock, valued at $1,369,024.48. This trade represents a 57.44% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

COP has been the subject of several recent analyst reports. UBS Group dropped their target price on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Mizuho dropped their price objective on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Morgan Stanley increased their target price on ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Wells Fargo & Company lowered their target price on shares of ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating for the company in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. reduced their price target on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a research note on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target 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.