Milestones Administradora de Recursos Ltda. Purchases Shares of 30,470 ConocoPhillips (NYSE:COP)

Milestones Administradora de Recursos Ltda. bought a new stake in ConocoPhillips (NYSE:COP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 30,470 shares of the energy producer's stock, valued at approximately $3,200,000. ConocoPhillips comprises 1.6% of Milestones Administradora de Recursos Ltda.'s investment portfolio, making the stock its 15th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in COP. Harvest Fund Management Co. Ltd grew its holdings in shares of ConocoPhillips by 14,262.5% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 1,149 shares of the energy producer's stock worth $114,000 after buying an additional 1,141 shares during the last quarter. Whittier Trust Co. grew its holdings in shares of ConocoPhillips by 1.7% during the fourth quarter. Whittier Trust Co. now owns 20,433 shares of the energy producer's stock worth $2,026,000 after buying an additional 340 shares during the last quarter. Lee Danner & Bass Inc. grew its holdings in shares of ConocoPhillips by 9.8% during the fourth quarter. Lee Danner & Bass Inc. now owns 6,289 shares of the energy producer's stock worth $624,000 after buying an additional 563 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in shares of ConocoPhillips by 12.5% during the fourth quarter. TD Private Client Wealth LLC now owns 21,692 shares of the energy producer's stock worth $2,151,000 after buying an additional 2,418 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of ConocoPhillips during the fourth quarter worth about $134,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Kirk L. Johnson acquired 5,300 shares of the stock in a transaction dated Monday, June 16th. The stock was bought at an average cost of $94.24 per share, with a total value of $499,472.00. Following the purchase, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

COP has been the topic of a number of research reports. Barclays lowered their price target on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. Susquehanna lowered their price objective on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a report on Monday, May 12th. Royal Bank Of Canada decreased their price target on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating on the stock in a research note on Friday, July 11th. Bank of America cut their price objective on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Finally, Wells Fargo & Company restated an "overweight" rating and set a $117.00 price objective (up from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to MarketBeat.com, ConocoPhillips presently has an average rating of "Moderate Buy" and an average target price of $120.94.

ConocoPhillips Trading Down 1.1%

Shares of COP opened at $91.75 on Friday. The stock has a fifty day moving average of $91.03 and a two-hundred day moving average of $94.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.13 and a current ratio of 1.27. The company has a market capitalization of $115.99 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $116.08.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating 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 company 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. As a group, analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were paid a dividend of $0.78 per share. The ex-dividend date was Monday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 3.40%. ConocoPhillips's dividend payout ratio is presently 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.

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