Oxbow Advisors LLC Has $3.68 Million Stake in ConocoPhillips (NYSE:COP)

Oxbow Advisors LLC decreased its holdings in ConocoPhillips (NYSE:COP - Free Report) by 57.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,038 shares of the energy producer's stock after selling 47,801 shares during the period. Oxbow Advisors LLC's holdings in ConocoPhillips were worth $3,680,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Murphy & Mullick Capital Management Corp bought a new stake in shares of ConocoPhillips in the 4th quarter valued at approximately $26,000. 10Elms LLP bought a new stake in ConocoPhillips during the fourth quarter worth approximately $28,000. Crowley Wealth Management Inc. bought a new stake in ConocoPhillips during the fourth quarter worth approximately $32,000. Garde Capital Inc. bought a new stake in shares of ConocoPhillips in the first quarter valued at approximately $35,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Performance

Shares of NYSE:COP opened at $95.66 on Friday. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $118.40. The firm has a market cap of $120.93 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 2.58 and a beta of 0.61. 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 business has a fifty day moving average of $90.58 and a 200-day moving average of $94.75.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.04. The firm 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 last year, the company earned $2.05 earnings per share. On average, equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company 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 yield of 3.26%. ConocoPhillips's payout ratio is 39.64%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COP. Morgan Stanley increased their price objective on ConocoPhillips from $116.00 to $118.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Royal Bank Of Canada reduced their price objective on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a research report on Friday. Wells Fargo & Company reissued an "overweight" rating and issued a $117.00 price objective (up from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. UBS Group increased their price objective on ConocoPhillips from $111.00 to $115.00 and gave the company a "buy" rating in a research report on Friday. Finally, Susquehanna reduced their target price on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research report on Monday, May 12th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.15.

Insider Buying and Selling

In other news, EVP Kirk L. Johnson acquired 5,300 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was purchased at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the transaction, the executive vice president directly owned 14,527 shares in the company, valued at $1,369,024.48. This trade represents a 57.44% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.24% of the stock is currently owned by insiders.

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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