Dupont Capital Management Corp Buys 5,532 Shares of ConocoPhillips (NYSE:COP)

Dupont Capital Management Corp raised its stake in ConocoPhillips (NYSE:COP - Free Report) by 7.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 84,177 shares of the energy producer's stock after buying an additional 5,532 shares during the quarter. Dupont Capital Management Corp's holdings in ConocoPhillips were worth $8,840,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of COP. Evanson Asset Management LLC lifted its position in shares of ConocoPhillips by 10.6% in the first quarter. Evanson Asset Management LLC now owns 2,668 shares of the energy producer's stock worth $280,000 after purchasing an additional 255 shares in the last quarter. Private Wealth Partners LLC lifted its position in ConocoPhillips by 2.8% during the 1st quarter. Private Wealth Partners LLC now owns 9,400 shares of the energy producer's stock worth $987,000 after buying an additional 254 shares in the last quarter. Advisor Resource Council bought a new stake in ConocoPhillips during the 1st quarter worth about $1,131,000. Meriwether Wealth & Planning LLC boosted its stake in shares of ConocoPhillips by 14.7% during the 1st quarter. Meriwether Wealth & Planning LLC now owns 10,406 shares of the energy producer's stock worth $1,093,000 after buying an additional 1,335 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of ConocoPhillips by 6.8% in the 1st quarter. Blue Trust Inc. now owns 20,478 shares of the energy producer's stock valued at $2,151,000 after acquiring an additional 1,303 shares in the last quarter. Institutional investors own 82.36% of the company's stock.

Wall Street Analysts Forecast Growth

COP has been the topic of several analyst reports. Susquehanna dropped their target price on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a report on Monday, May 12th. Morgan Stanley upped their price objective on ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Bank of America cut their price objective on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Mizuho lowered their target price on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. Finally, Barclays lowered their target price on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.30.

Insider Activity

In other ConocoPhillips news, EVP Kirk L. Johnson bought 5,300 shares of ConocoPhillips stock in a transaction dated Monday, June 16th. The stock was bought at an average price of $94.24 per share, with a total value of $499,472.00. Following the completion of the transaction, the executive vice president now owns 14,527 shares in the company, valued at $1,369,024.48. The trade was a 57.44% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.24% of the stock is currently owned by company insiders.

ConocoPhillips Price Performance

NYSE:COP opened at $94.76 on Friday. ConocoPhillips has a one year low of $79.88 and a one year high of $118.40. The company has a market cap of $119.79 billion, a P/E ratio of 12.04, a P/E/G ratio of 2.54 and a beta of 0.61. The firm's fifty day moving average price is $89.65 and its two-hundred day moving average price is $95.52. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.27 and a quick ratio of 1.13.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating the consensus estimate of $2.05 by $0.04. The firm had revenue of $16.18 billion for 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 period in the previous year, the company earned $2.05 earnings per share. Equities analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.29%. ConocoPhillips's payout ratio is presently 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.

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