ORG Partners LLC Lowers Position in ConocoPhillips (NYSE:COP)

ORG Partners LLC cut its stake in ConocoPhillips (NYSE:COP - Free Report) by 93.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 424 shares of the energy producer's stock after selling 5,630 shares during the quarter. ORG Partners LLC's holdings in ConocoPhillips were worth $44,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of ConocoPhillips by 6.8% in the first quarter. Blue Trust Inc. now owns 20,478 shares of the energy producer's stock valued at $2,151,000 after acquiring an additional 1,303 shares in the last quarter. Advisory Resource Group grew its holdings in shares of ConocoPhillips by 5.6% in the first quarter. Advisory Resource Group now owns 229,588 shares of the energy producer's stock valued at $24,111,000 after acquiring an additional 12,172 shares in the last quarter. Silver Oak Securities Incorporated grew its holdings in shares of ConocoPhillips by 28.3% in the first quarter. Silver Oak Securities Incorporated now owns 2,676 shares of the energy producer's stock valued at $274,000 after acquiring an additional 591 shares in the last quarter. ORG Wealth Partners LLC grew its holdings in shares of ConocoPhillips by 853.3% in the first quarter. ORG Wealth Partners LLC now owns 6,616 shares of the energy producer's stock valued at $698,000 after acquiring an additional 5,922 shares in the last quarter. Finally, Plimoth Trust Co. LLC grew its holdings in shares of ConocoPhillips by 20.0% in the first quarter. Plimoth Trust Co. LLC now owns 4,192 shares of the energy producer's stock valued at $440,000 after acquiring an additional 700 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Trading Up 1.0%

NYSE:COP opened at $94.76 on Monday. The company has a market cap of $119.79 billion, a P/E ratio of 12.04, a P/E/G ratio of 2.56 and a beta of 0.61. The stock's fifty day moving average price is $89.65 and its two-hundred day moving average price is $95.40. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $118.40. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.27 and a quick ratio of 1.13.

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 analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $15.74 billion. During the same quarter last year, the business posted $2.05 earnings per share. As a group, analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $0.78 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.29%. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Insider Buying and Selling

In other ConocoPhillips news, EVP Kirk L. Johnson acquired 5,300 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were bought at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the transaction, the executive vice president now owns 14,527 shares of the company's stock, valued at approximately $1,369,024.48. This represents a 57.44% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on COP shares. Raymond James Financial reaffirmed an "outperform" rating and issued a $109.00 target price (up from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. Wells Fargo & Company reduced their target price on ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating for the company in a report on Wednesday, May 14th. JPMorgan Chase & Co. reduced their target price on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Susquehanna reduced their target price on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a report on Monday, May 12th. Finally, Barclays reduced their target price on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, ConocoPhillips has an average rating of "Moderate Buy" and an average target price of $121.30.

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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