ConocoPhillips (NYSE:COP) Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd increased its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 1.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 247,562 shares of the energy producer's stock after purchasing an additional 4,300 shares during the period. IFM Investors Pty Ltd's holdings in ConocoPhillips were worth $26,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COP. Proficio Capital Partners LLC grew its position in ConocoPhillips by 11,933.6% during the fourth quarter. Proficio Capital Partners LLC now owns 1,461,117 shares of the energy producer's stock valued at $1,461,000 after buying an additional 1,448,975 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of ConocoPhillips during the fourth quarter worth about $145,000. Meridian Wealth Management LLC increased its stake in shares of ConocoPhillips by 46.1% during the fourth quarter. Meridian Wealth Management LLC now owns 5,317 shares of the energy producer's stock worth $527,000 after purchasing an additional 1,678 shares in the last quarter. Bahl & Gaynor Inc. increased its stake in shares of ConocoPhillips by 13.6% during the fourth quarter. Bahl & Gaynor Inc. now owns 3,507 shares of the energy producer's stock worth $348,000 after purchasing an additional 421 shares in the last quarter. Finally, Smithfield Trust Co increased its stake in shares of ConocoPhillips by 8.3% during the fourth quarter. Smithfield Trust Co now owns 3,393 shares of the energy producer's stock worth $338,000 after purchasing an additional 261 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

Analyst Ratings Changes

COP has been the topic of a number of recent research reports. Mizuho lowered their price target on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Bank of America decreased their price target on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Citigroup decreased their price target on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th. Susquehanna reduced their price objective on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a research note on Monday, May 12th. Finally, Scotiabank reduced their price objective on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, ConocoPhillips has an average rating of "Moderate Buy" and an average price target of $121.80.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock traded down $0.16 during trading on Friday, hitting $94.28. 4,331,501 shares of the company were exchanged, compared to its average volume of 7,614,130. 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 fifty-two week low of $79.88 and a fifty-two week high of $118.40. The stock has a market capitalization of $119.19 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 2.53 and a beta of 0.61. The firm has a 50 day moving average price of $90.23 and a 200 day moving average price of $94.80.

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 (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. ConocoPhillips had a return on equity of 16.54% and a net margin of 16.02%. The firm had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. During the same period in the previous year, the firm posted $2.05 EPS. On average, equities analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

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

Insider Buying and Selling

In other news, EVP Kirk L. Johnson bought 5,300 shares of the stock in a transaction on Monday, June 16th. The stock was purchased at an average cost of $94.24 per share, with a total value of $499,472.00. Following the purchase, the executive vice president owned 14,527 shares of the company's stock, valued at approximately $1,369,024.48. The trade was a 57.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.24% of the company's stock.

ConocoPhillips Company 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.