IFM Investors Pty Ltd Buys 4,300 Shares of ConocoPhillips (NYSE:COP)

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

A number of other institutional investors also recently modified their holdings of COP. Murphy & Mullick Capital Management Corp bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $26,000. 10Elms LLP bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $28,000. Crowley Wealth Management Inc. bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $32,000. Garde Capital Inc. bought a new position in shares of ConocoPhillips in the first quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. raised its stake in shares of ConocoPhillips by 222.0% in 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 last quarter. Institutional investors own 82.36% of the company's stock.

Insider Activity

In other news, EVP Kirk L. Johnson purchased 5,300 shares of the firm's 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 acquisition, the executive vice president directly owned 14,527 shares of the company's stock, valued at approximately $1,369,024.48. This represents a 57.44% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is owned by company insiders.

Analysts Set New Price Targets

COP has been the subject of a number of research reports. Wells Fargo & Company reissued an "overweight" rating and issued a $117.00 price target (up previously from $113.00) on shares of ConocoPhillips in a report on Thursday, June 26th. JPMorgan Chase & Co. lowered their price target on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Barclays lowered their price target 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. 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. Finally, Piper Sandler raised their price target on shares of ConocoPhillips from $107.00 to $113.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $121.80.

ConocoPhillips Trading Down 1.4%

Shares of COP stock traded down $1.36 on Monday, hitting $92.32. The stock had a trading volume of 1,560,145 shares, compared to its average volume of 7,590,437. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $118.40. The firm has a market cap of $116.71 billion, a P/E ratio of 11.72, a PEG ratio of 2.53 and a beta of 0.61. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36. The company has a fifty day moving average price of $90.23 and a two-hundred day moving average price of $94.80.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.04. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. The company had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. During the same quarter in the previous year, the business earned $2.05 EPS. As a group, analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Monday, May 19th. ConocoPhillips's dividend payout ratio (DPR) is 39.64%.

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.