Diversified Trust Co Has $2.45 Million Stock Holdings in ConocoPhillips (NYSE:COP)

Diversified Trust Co lifted its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 96.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,305 shares of the energy producer's stock after purchasing an additional 11,472 shares during the period. Diversified Trust Co's holdings in ConocoPhillips were worth $2,447,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of COP. Price T Rowe Associates Inc. MD raised its position in ConocoPhillips by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock valued at $4,546,706,000 after buying an additional 5,549,078 shares during the period. Elevation Point Wealth Partners LLC raised its position in ConocoPhillips by 83.0% during the first quarter. Elevation Point Wealth Partners LLC now owns 18,060 shares of the energy producer's stock valued at $1,897,000 after buying an additional 8,189 shares during the period. Hennessy Advisors Inc. raised its position in ConocoPhillips by 151.1% during the first quarter. Hennessy Advisors Inc. now owns 91,224 shares of the energy producer's stock valued at $9,580,000 after buying an additional 54,900 shares during the period. ORG Wealth Partners LLC raised its position in ConocoPhillips by 853.3% during the first quarter. ORG Wealth Partners LLC now owns 6,616 shares of the energy producer's stock valued at $698,000 after buying an additional 5,922 shares during the period. Finally, NJ State Employees Deferred Compensation Plan raised its position in ConocoPhillips by 20.4% during the fourth quarter. NJ State Employees Deferred Compensation Plan now owns 30,100 shares of the energy producer's stock valued at $2,985,000 after buying an additional 5,100 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, EVP Kirk L. Johnson bought 5,300 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the purchase, the executive vice president now directly owns 14,527 shares in the company, valued at $1,369,024.48. This trade represents a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COP. UBS Group dropped their price target on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Susquehanna dropped their price target on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. Scotiabank dropped their price target 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. Bank of America lowered their target price on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Finally, Raymond James Financial restated an "outperform" rating and issued a $109.00 target price (up previously from $103.00) on shares of ConocoPhillips in a research note on Tuesday, May 20th. Three equities 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, ConocoPhillips presently has an average rating of "Moderate Buy" and a consensus target price of $121.50.

ConocoPhillips Stock Performance

COP opened at $90.20 on Friday. The company has a market cap of $114.03 billion, a PE ratio of 11.46, a price-to-earnings-growth ratio of 2.46 and a beta of 0.61. The stock has a 50-day moving average of $89.96 and a 200-day moving average of $95.07. ConocoPhillips has a 52-week low of $79.88 and a 52-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 released its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. The company had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. ConocoPhillips had a return on equity of 16.54% and a net margin of 16.02%. During the same quarter in the prior year, the company posted $2.05 EPS. As a group, equities research analysts forecast 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. Investors of record on Monday, May 19th were paid a dividend of $0.78 per share. The ex-dividend date was Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.46%. ConocoPhillips's payout ratio is 39.64%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.