ConocoPhillips (NYSE:COP) Shares Sold by CX Institutional

CX Institutional decreased its position in ConocoPhillips (NYSE:COP - Free Report) by 8.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,845 shares of the energy producer's stock after selling 5,147 shares during the quarter. CX Institutional's holdings in ConocoPhillips were worth $6,180,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Principle Wealth Partners LLC increased its holdings in shares of ConocoPhillips by 0.3% in the fourth quarter. Principle Wealth Partners LLC now owns 37,255 shares of the energy producer's stock valued at $3,695,000 after purchasing an additional 100 shares during the last quarter. Gray Wealth Management Inc. increased its holdings in shares of ConocoPhillips by 5.0% in the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock valued at $215,000 after purchasing an additional 104 shares during the last quarter. Plancorp LLC increased its holdings in shares of ConocoPhillips by 2.7% in the fourth quarter. Plancorp LLC now owns 4,018 shares of the energy producer's stock valued at $399,000 after purchasing an additional 104 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its holdings in shares of ConocoPhillips by 3.7% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,912 shares of the energy producer's stock valued at $289,000 after purchasing an additional 105 shares during the last quarter. Finally, Councilmark Asset Management LLC increased its holdings in shares of ConocoPhillips by 0.5% in the fourth quarter. Councilmark Asset Management LLC now owns 19,639 shares of the energy producer's stock valued at $1,948,000 after purchasing an additional 106 shares during the last quarter. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Up 2.4%

ConocoPhillips stock traded up $2.31 during midday trading on Friday, reaching $97.00. The company's stock had a trading volume of 16,786,406 shares, compared to its average volume of 7,485,831. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two 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 company has a market cap of $122.63 billion, a P/E ratio of 12.45, a P/E/G ratio of 0.79 and a beta of 0.61. The business has a 50-day simple moving average of $88.91 and a 200-day simple moving average of $95.95.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results 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 business had revenue of $16.18 billion for the quarter, compared to analysts' expectations of $15.74 billion. During the same quarter in the previous year, the firm earned $2.05 earnings per share. On average, research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Monday, May 19th. ConocoPhillips's payout ratio is currently 39.64%.

Wall Street Analyst Weigh In

COP has been the subject of several recent research reports. Barclays cut their price target on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company cut their price target on ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating for the company in a report on Wednesday, May 14th. Raymond James reaffirmed an "outperform" rating and issued a $109.00 price target (up previously from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. JPMorgan Chase & Co. cut their target price on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Finally, Bank of America cut their target price on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a research note on Friday, May 23rd. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, ConocoPhillips presently has an average rating of "Moderate Buy" and a consensus price target of $121.30.

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.