IFC Advisors LLC Purchases 3,274 Shares of ConocoPhillips (NYSE:COP)

IFC Advisors LLC boosted its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 9.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,560 shares of the energy producer's stock after purchasing an additional 3,274 shares during the quarter. ConocoPhillips comprises 0.8% of IFC Advisors LLC's holdings, making the stock its 23rd largest holding. IFC Advisors LLC's holdings in ConocoPhillips were worth $4,050,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Diversify Wealth Management LLC boosted its position in ConocoPhillips by 6.8% during the first quarter. Diversify Wealth Management LLC now owns 4,740 shares of the energy producer's stock valued at $498,000 after purchasing an additional 303 shares in the last quarter. Stegent Equity Advisors Inc. boosted its holdings in ConocoPhillips by 13.0% in the first quarter. Stegent Equity Advisors Inc. now owns 16,456 shares of the energy producer's stock worth $1,728,000 after acquiring an additional 1,897 shares in the last quarter. Xponance Inc. boosted its holdings in ConocoPhillips by 0.5% in the first quarter. Xponance Inc. now owns 214,835 shares of the energy producer's stock worth $22,562,000 after acquiring an additional 1,035 shares in the last quarter. Seamount Financial Group Inc. boosted its holdings in ConocoPhillips by 11.0% in the first quarter. Seamount Financial Group Inc. now owns 8,143 shares of the energy producer's stock worth $855,000 after acquiring an additional 810 shares in the last quarter. Finally, Burford Brothers Inc. boosted its holdings in ConocoPhillips by 3.5% in the first quarter. Burford Brothers Inc. now owns 4,674 shares of the energy producer's stock worth $491,000 after acquiring an additional 160 shares in the last quarter. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Up 0.3%

ConocoPhillips stock opened at $95.66 on Friday. The stock has a market capitalization 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 has a 12 month low of $79.88 and a 12 month high of $118.40. The business has a 50 day simple moving average of $90.58 and a 200-day simple moving average of $94.77. 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 posted its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. The business had revenue of $16.18 billion during 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 business earned $2.05 earnings per share. On average, analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date was Monday, May 19th. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Insider Activity at ConocoPhillips

In other news, EVP Kirk L. Johnson purchased 5,300 shares of the company's stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average cost 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 of the company's stock, valued at $1,369,024.48. This trade represents a 57.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Royal Bank Of Canada lowered their price target on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a report on Friday. Barclays lowered their price target on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Raymond James Financial reissued an "outperform" rating and issued a $109.00 price target (up previously from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. Bank of America decreased their target price on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $117.00 target price (up previously from $113.00) on shares of ConocoPhillips in a report on Thursday, June 26th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $122.15.

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.

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