ConocoPhillips (NYSE:COP) Shares Sold by Mather Group LLC.

Mather Group LLC. trimmed its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 45.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,443 shares of the energy producer's stock after selling 18,557 shares during the quarter. Mather Group LLC.'s holdings in ConocoPhillips were worth $2,357,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Alta Advisers Ltd boosted its position in shares of ConocoPhillips by 43.1% in the 1st quarter. Alta Advisers Ltd now owns 6,312 shares of the energy producer's stock worth $663,000 after buying an additional 1,900 shares in the last quarter. Unified Investment Management raised its position in ConocoPhillips by 12.1% during the first quarter. Unified Investment Management now owns 6,924 shares of the energy producer's stock worth $727,000 after acquiring an additional 748 shares during the last quarter. Cypress Capital LLC purchased a new stake in shares of ConocoPhillips in the first quarter valued at about $208,000. Deseret Mutual Benefit Administrators grew its position in shares of ConocoPhillips by 3.9% in the first quarter. Deseret Mutual Benefit Administrators now owns 3,177 shares of the energy producer's stock valued at $334,000 after purchasing an additional 118 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC purchased a new position in shares of ConocoPhillips during the 1st quarter worth approximately $45,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other ConocoPhillips news, EVP Kirk L. Johnson acquired 5,300 shares of the company'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 completion of the transaction, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on COP shares. Citigroup reduced their target price on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th. JPMorgan Chase & Co. reduced their price objective on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a research report on Thursday, March 13th. Scotiabank dropped their price objective on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. UBS Group cut their target price on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Bank of America decreased their price target on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $121.80.

ConocoPhillips Trading Down 0.2%

Shares of COP stock traded down $0.16 on Friday, reaching $94.28. 4,331,501 shares of the stock were exchanged, compared to its average volume of 7,600,427. 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 has a market cap of $119.19 billion, a P/E ratio of 11.98, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61. The firm has a 50 day moving average of $90.18 and a two-hundred day moving average of $94.84. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $118.40.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $16.18 billion during the quarter, compared to analyst estimates 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 prior year, the firm posted $2.05 earnings per share. On average, research analysts anticipate 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. Investors of record on Monday, May 19th were issued a $0.78 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.31%. ConocoPhillips's payout ratio 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.