ConocoPhillips (NYSE:COP) Shares Acquired by Cooke & Bieler LP

Cooke & Bieler LP lifted its holdings in ConocoPhillips (NYSE:COP - Free Report) by 3.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,824,120 shares of the energy producer's stock after purchasing an additional 63,515 shares during the period. ConocoPhillips makes up 1.9% of Cooke & Bieler LP's holdings, making the stock its 14th biggest holding. Cooke & Bieler LP owned approximately 0.14% of ConocoPhillips worth $191,569,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in COP. Murphy & Mullick Capital Management Corp purchased a new position in ConocoPhillips in the fourth quarter worth approximately $26,000. 10Elms LLP purchased a new position in ConocoPhillips in the fourth quarter worth approximately $28,000. Crowley Wealth Management Inc. purchased a new position in ConocoPhillips in the fourth quarter worth approximately $32,000. Garde Capital Inc. purchased a new position in ConocoPhillips in the first quarter worth approximately $35,000. Finally, Fourth Dimension Wealth LLC purchased a new position in ConocoPhillips in the fourth quarter worth approximately $39,000. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Performance

COP traded down $1.06 during trading on Friday, hitting $91.75. The stock had a trading volume of 7,967,743 shares, compared to its average volume of 7,640,115. 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 firm has a market capitalization of $115.99 billion, a P/E ratio of 11.66, a PEG ratio of 2.45 and a beta of 0.61. The company's 50-day moving average price is $90.97 and its 200 day moving average price is $94.66. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $118.40.

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 (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.04. The company had revenue of $16.18 billion for the quarter, compared to analysts' expectations of $15.74 billion. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. During the same period in the previous year, the company posted $2.05 EPS. On average, equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.40%. ConocoPhillips's dividend payout ratio is currently 39.64%.

Insider Transactions at ConocoPhillips

In related news, EVP Kirk L. Johnson purchased 5,300 shares of the stock in a transaction dated Monday, June 16th. The shares were acquired at an average cost 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 in the company, valued at $1,369,024.48. This trade represents a 57.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COP. Scotiabank set a $100.00 price target on shares of ConocoPhillips and gave the stock a "sector perform" rating in a research note on Friday, July 11th. Citigroup reduced their price objective on shares of ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. Raymond James Financial restated an "outperform" rating and set a $109.00 price objective (up previously from $103.00) on shares of ConocoPhillips in a research report on Tuesday, May 20th. Royal Bank Of Canada reduced their price objective on shares of ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a research report on Friday, July 11th. Finally, Bank of America reduced their price objective on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, ConocoPhillips currently has an average rating of "Moderate Buy" and a consensus price target of $122.21.

ConocoPhillips 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.