Flossbach Von Storch SE Lowers Stake in ConocoPhillips (NYSE:COP)

Flossbach Von Storch SE cut its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 36.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,811 shares of the energy producer's stock after selling 80,317 shares during the quarter. Flossbach Von Storch SE's holdings in ConocoPhillips were worth $14,998,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of COP. Murphy & Mullick Capital Management Corp bought a new stake in ConocoPhillips during the fourth quarter valued at about $26,000. 10Elms LLP bought a new stake in ConocoPhillips during the fourth quarter valued at about $28,000. Crowley Wealth Management Inc. bought a new stake in ConocoPhillips during the fourth quarter valued at about $32,000. Garde Capital Inc. bought a new stake in ConocoPhillips during the first quarter valued at about $35,000. Finally, Rakuten Securities Inc. raised its holdings in ConocoPhillips by 222.0% during the fourth quarter. Rakuten Securities Inc. now owns 380 shares of the energy producer's stock valued at $38,000 after acquiring an additional 262 shares during the period. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Trading Up 0.3%

NYSE COP traded up $0.29 during trading hours on Friday, hitting $95.66. 4,903,410 shares of the company were exchanged, compared to its average volume of 7,648,450. The stock has a 50-day moving average price of $90.58 and a 200 day moving average price of $94.77. The company has a quick ratio of 1.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $118.40. The stock has a market cap of $120.93 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61.

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 the consensus estimate of $2.05 by $0.04. The company had revenue of $16.18 billion for the quarter, compared to analysts' expectations of $15.74 billion. ConocoPhillips had a return on equity of 16.54% and a net margin of 16.02%. During the same period in the previous year, the firm posted $2.05 earnings per share. Analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $0.78 per share. The ex-dividend date was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.26%. ConocoPhillips's dividend payout ratio is currently 39.64%.

Wall Street Analyst Weigh In

A number of research firms have commented on COP. Wells Fargo & Company reissued an "overweight" rating and set a $117.00 price target (up from $113.00) on shares of ConocoPhillips in a report on Thursday, June 26th. Citigroup reduced their target price on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. Scotiabank lifted their target price on ConocoPhillips from $95.00 to $100.00 and gave the stock a "sector perform" rating in a report on Friday. Susquehanna reduced 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. Finally, Morgan Stanley lifted their target price on ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $122.15.

Insiders Place Their Bets

In related news, EVP Kirk L. Johnson bought 5,300 shares of the stock in a transaction on Monday, June 16th. The stock was bought at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the acquisition, the executive vice president directly owned 14,527 shares in the company, valued at approximately $1,369,024.48. This represents a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

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.