Poinciana Advisors Group LLC Makes New $385,000 Investment in ConocoPhillips (NYSE:COP)

Poinciana Advisors Group LLC acquired a new position in shares of ConocoPhillips (NYSE:COP - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,667 shares of the energy producer's stock, valued at approximately $385,000.

Several other large investors have also recently modified their holdings of COP. Proficio Capital Partners LLC raised its stake in shares of ConocoPhillips by 21.3% during the 4th quarter. Proficio Capital Partners LLC now owns 14,733 shares of the energy producer's stock worth $1,461,000 after acquiring an additional 2,591 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in ConocoPhillips during the 4th quarter worth approximately $601,000. Moran Wealth Management LLC grew its position in ConocoPhillips by 3.4% during the 4th quarter. Moran Wealth Management LLC now owns 6,940 shares of the energy producer's stock worth $688,000 after purchasing an additional 230 shares during the last quarter. Inspire Advisors LLC purchased a new stake in ConocoPhillips during the 4th quarter worth approximately $201,000. Finally, Moors & Cabot Inc. grew its position in ConocoPhillips by 14.0% during the 4th quarter. Moors & Cabot Inc. now owns 48,932 shares of the energy producer's stock worth $4,853,000 after purchasing an additional 6,021 shares during the last quarter. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Price Performance

Shares of NYSE:COP traded up $0.29 during midday trading on Friday, hitting $95.66. The company's stock had a trading volume of 4,903,410 shares, compared to its average volume of 7,648,450. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $118.40. The company has a market cap of $120.93 billion, a P/E ratio of 12.16, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61. The business's 50 day simple moving average is $90.58 and its 200 day simple moving average is $94.77. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.13 and a current ratio of 1.27.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.04. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. The company had revenue of $16.18 billion for the quarter, compared to the consensus estimate of $15.74 billion. During the same period in the previous year, the firm earned $2.05 earnings per share. On average, analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend was Monday, May 19th. ConocoPhillips's dividend payout ratio is presently 39.64%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Mizuho dropped their target price on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. UBS Group upped their price objective on shares of ConocoPhillips from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $117.00 price objective (up from $113.00) on shares of ConocoPhillips in a report on Thursday, June 26th. Raymond James Financial reaffirmed an "outperform" rating and issued a $109.00 price objective (up from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. Finally, Susquehanna dropped their price objective on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a report on Monday, May 12th. Three 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.com, ConocoPhillips currently has an average rating of "Moderate Buy" and an average price target of $122.15.

Insider Buying and Selling at ConocoPhillips

In related news, EVP Kirk L. Johnson purchased 5,300 shares of the company's stock in a transaction on Monday, June 16th. The stock was acquired 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 approximately $1,369,024.48. The trade was a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.24% of the stock is currently owned by corporate insiders.

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.