Diversify Advisory Services LLC Has $553,000 Holdings in ConocoPhillips (NYSE:COP)

Diversify Advisory Services LLC lessened its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 77.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,270 shares of the energy producer's stock after selling 18,526 shares during the quarter. Diversify Advisory Services LLC's holdings in ConocoPhillips were worth $553,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp purchased a new stake in ConocoPhillips in the fourth quarter valued at $26,000. 10Elms LLP purchased a new stake in ConocoPhillips in the fourth quarter valued at $28,000. Crowley Wealth Management Inc. purchased a new stake in ConocoPhillips in the fourth quarter valued at $32,000. Garde Capital Inc. purchased a new stake in ConocoPhillips in the first quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in ConocoPhillips in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Up 1.3%

COP stock traded up $1.22 during mid-day trading on Wednesday, hitting $94.20. 1,762,791 shares of the company were exchanged, compared to its average volume of 8,273,309. The company has a market capitalization of $119.09 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 2.41 and a beta of 0.61. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $116.08. The firm has a fifty day simple moving average of $91.03 and a 200 day simple moving average of $94.53.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.05 by $0.04. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. The company had revenue of $16.18 billion for the quarter, compared to the consensus estimate of $15.74 billion. During the same period last year, the firm posted $2.05 EPS. On average, research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $0.78 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.31%. ConocoPhillips's dividend payout ratio is presently 39.64%.

Insiders Place Their Bets

In other news, EVP Kirk L. Johnson acquired 5,300 shares of the business's stock in a transaction that occurred on Monday, June 16th. The shares were purchased at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on COP shares. Bank of America reduced their target price on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Royal Bank Of Canada dropped their price target on shares of ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating on the stock in a research note on Friday, July 11th. Piper Sandler reiterated an "overweight" rating and set a $123.00 price target (up from $113.00) on shares of ConocoPhillips in a research note on Tuesday, July 15th. 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. Finally, UBS Group boosted their price target on shares of ConocoPhillips from $111.00 to $115.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Two analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $121.33.

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.