J.W. Cole Advisors Inc. Has $13.38 Million Stock Position in ConocoPhillips (NYSE:COP)

J.W. Cole Advisors Inc. increased its stake in ConocoPhillips (NYSE:COP - Free Report) by 316.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,440 shares of the energy producer's stock after purchasing an additional 96,843 shares during the period. J.W. Cole Advisors Inc.'s holdings in ConocoPhillips were worth $13,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Plancorp LLC boosted its holdings in ConocoPhillips by 2.7% in the 4th quarter. Plancorp LLC now owns 4,018 shares of the energy producer's stock worth $399,000 after acquiring an additional 104 shares during the period. Second Line Capital LLC boosted its holdings in ConocoPhillips by 2.2% in the 4th quarter. Second Line Capital LLC now owns 4,990 shares of the energy producer's stock worth $495,000 after acquiring an additional 108 shares during the period. Meiji Yasuda Life Insurance Co boosted its holdings in ConocoPhillips by 1.6% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 7,091 shares of the energy producer's stock worth $703,000 after acquiring an additional 110 shares during the period. LRI Investments LLC boosted its holdings in ConocoPhillips by 3.6% in the 4th quarter. LRI Investments LLC now owns 3,184 shares of the energy producer's stock worth $316,000 after acquiring an additional 110 shares during the period. Finally, Deseret Mutual Benefit Administrators boosted its holdings in ConocoPhillips by 3.9% in the 1st quarter. Deseret Mutual Benefit Administrators now owns 3,177 shares of the energy producer's stock worth $334,000 after acquiring an additional 118 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Kirk L. Johnson bought 5,300 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average price of $94.24 per share, with a total value of $499,472.00. Following the completion of the purchase, the executive vice president directly owned 14,527 shares of the company's stock, valued at $1,369,024.48. This represents a 57.44% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on COP shares. Scotiabank set a $100.00 target price on ConocoPhillips and gave the company a "sector perform" rating in a research note on Friday, July 11th. Susquehanna reduced their target price on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research note on Monday, May 12th. Piper Sandler reiterated an "overweight" rating and set a $123.00 target price (up from $113.00) on shares of ConocoPhillips in a research note on Tuesday, July 15th. Citigroup reduced their target price on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research note on Wednesday, June 11th. Finally, Mizuho reduced their target price on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, ConocoPhillips has a consensus rating of "Moderate Buy" and an average price target of $121.39.

ConocoPhillips Stock Performance

NYSE COP traded up $1.99 during trading hours on Tuesday, hitting $92.99. The company had a trading volume of 3,121,561 shares, compared to its average volume of 7,617,412. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week 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 business has a fifty day simple moving average of $91.03 and a 200-day simple moving average of $94.53. The firm has a market cap of $117.56 billion, a P/E ratio of 11.83, a price-to-earnings-growth ratio of 2.43 and a beta of 0.61.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results 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. ConocoPhillips had a return on equity of 16.54% and a net margin of 16.02%. The firm had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. During the same period last year, the company earned $2.05 earnings per share. Equities analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a $0.78 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 3.36%. ConocoPhillips's payout ratio is 39.64%.

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.