DekaBank Deutsche Girozentrale Reduces Holdings in ConocoPhillips (NYSE:COP)

DekaBank Deutsche Girozentrale decreased its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 9.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,840,035 shares of the energy producer's stock after selling 188,885 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.15% of ConocoPhillips worth $186,704,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Proficio Capital Partners LLC lifted its stake in ConocoPhillips by 21.3% in the fourth quarter. Proficio Capital Partners LLC now owns 14,733 shares of the energy producer's stock worth $1,461,000 after purchasing an additional 2,591 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of ConocoPhillips during the 4th quarter valued at $601,000. Sound View Wealth Advisors Group LLC increased its holdings in shares of ConocoPhillips by 13.1% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 6,961 shares of the energy producer's stock worth $690,000 after buying an additional 807 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in ConocoPhillips by 42.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 788,988 shares of the energy producer's stock worth $78,244,000 after purchasing an additional 234,280 shares during the last quarter. Finally, Moran Wealth Management LLC increased its holdings in ConocoPhillips by 3.4% during the 4th quarter. Moran Wealth Management LLC now owns 6,940 shares of the energy producer's stock worth $688,000 after purchasing an additional 230 shares during the period. 82.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on COP shares. Citigroup lowered their price target 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. Bank of America dropped their price target on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research report on Friday, May 23rd. Susquehanna dropped their target price on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. JPMorgan Chase & Co. cut their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $117.00 price target (up from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $121.80.

ConocoPhillips Stock Performance

NYSE COP traded up $3.16 on Tuesday, reaching $95.71. 12,812,202 shares of the company's stock traded hands, compared to its average volume of 7,630,035. The firm has a market cap of $120.99 billion, a price-to-earnings ratio of 12.16, a P/E/G ratio of 2.53 and a beta of 0.61. The stock has a 50 day moving average price of $90.22 and a 200-day moving average price of $94.78. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week 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.

ConocoPhillips (NYSE:COP - Get Free Report) last issued 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. The business had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. During the same quarter in the prior year, the firm posted $2.05 earnings per share. Equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a $0.78 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 3.26%. ConocoPhillips's dividend payout ratio (DPR) is 39.64%.

Insider Activity at ConocoPhillips

In related news, EVP Kirk L. Johnson acquired 5,300 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average price of $94.24 per share, with a total value of $499,472.00. Following the transaction, the executive vice president owned 14,527 shares of the company's stock, valued at approximately $1,369,024.48. This trade represents a 57.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 0.24% of the stock is currently owned by company insiders.

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.