ConocoPhillips (NYSE:COP) Shares Sold by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC cut its holdings in ConocoPhillips (NYSE:COP - Free Report) by 8.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,652 shares of the energy producer's stock after selling 2,773 shares during the quarter. HighPoint Advisor Group LLC's holdings in ConocoPhillips were worth $3,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of ConocoPhillips during the fourth quarter valued at approximately $26,000. 10Elms LLP purchased a new stake in ConocoPhillips during the 4th quarter valued at $28,000. Crowley Wealth Management Inc. purchased a new stake in ConocoPhillips during the 4th quarter valued at $32,000. Garde Capital Inc. purchased a new stake in ConocoPhillips during the 1st quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in ConocoPhillips during the 4th quarter valued at $39,000. 82.36% of the stock is owned by institutional investors.

Insider Buying and Selling at ConocoPhillips

In other news, EVP Kirk L. Johnson acquired 5,300 shares of the firm's stock in a transaction on Monday, June 16th. The stock was acquired at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the transaction, the executive vice president owned 14,527 shares in the company, valued at approximately $1,369,024.48. The trade was a 57.44% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on COP shares. Raymond James Financial upped their price objective on ConocoPhillips from $109.00 to $117.00 and gave the stock an "outperform" rating in a research note on Tuesday. Barclays dropped their price objective on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Scotiabank set a $100.00 price objective on shares of ConocoPhillips and gave the company a "sector perform" rating in a report on Friday, July 11th. Morgan Stanley reaffirmed an "overweight" rating and issued a $119.00 price target on shares of ConocoPhillips in a report on Tuesday, July 15th. Finally, Piper Sandler reissued an "overweight" rating and issued a $123.00 price objective (up from $113.00) on shares of ConocoPhillips in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of "Moderate Buy" and a consensus price target of $121.39.

ConocoPhillips Stock Up 2.3%

Shares of NYSE COP traded up $2.05 during midday trading on Tuesday, reaching $93.05. 5,543,922 shares of the company's stock traded hands, compared to its average volume of 7,626,036. The company has a market cap of $117.63 billion, a price-to-earnings ratio of 11.82, a P/E/G ratio of 2.43 and a beta of 0.61. ConocoPhillips has a one year low of $79.88 and a one year high of $116.08. The company has a quick ratio of 1.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.36. The stock's 50 day simple moving average is $91.03 and its 200-day simple moving average is $94.53.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $2.05 earnings per share. On average, analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a $0.78 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.35%. ConocoPhillips's dividend payout ratio (DPR) is currently 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.