3,667 Shares in ConocoPhillips (NYSE:COP) Acquired by Poinciana Advisors Group LLC

Poinciana Advisors Group LLC purchased a new stake in ConocoPhillips (NYSE:COP - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,667 shares of the energy producer's stock, valued at approximately $385,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Gray Wealth Management Inc. boosted its stake in ConocoPhillips by 5.0% during the fourth quarter. Gray Wealth Management Inc. now owns 2,171 shares of the energy producer's stock worth $215,000 after buying an additional 104 shares in the last quarter. Plancorp LLC grew its holdings in shares of ConocoPhillips by 2.7% in the 4th quarter. Plancorp LLC now owns 4,018 shares of the energy producer's stock valued at $399,000 after buying an additional 104 shares during the period. Thompson Siegel & Walmsley LLC raised its holdings in ConocoPhillips by 3.7% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,912 shares of the energy producer's stock worth $289,000 after buying an additional 105 shares during the period. Councilmark Asset Management LLC lifted its holdings in shares of ConocoPhillips by 0.5% in the fourth quarter. Councilmark Asset Management LLC now owns 19,639 shares of the energy producer's stock valued at $1,948,000 after purchasing an additional 106 shares in the last quarter. Finally, Second Line Capital LLC increased its position in shares of ConocoPhillips by 2.2% in the fourth quarter. Second Line Capital LLC now owns 4,990 shares of the energy producer's stock valued at $495,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 82.36% of the company's stock.

Analyst Ratings Changes

COP has been the topic of a number of recent analyst reports. Mizuho decreased their price target on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Piper Sandler lifted their price objective on shares of ConocoPhillips from $107.00 to $113.00 and gave the company an "overweight" rating in a report on Wednesday, July 2nd. Wells Fargo & Company restated an "overweight" rating and set a $117.00 price target (up previously from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Bank of America cut their price objective on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating for the company in a research report on Friday, May 23rd. Finally, Morgan Stanley lifted their price objective on ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Three research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, ConocoPhillips presently has an average rating of "Moderate Buy" and a consensus price target of $121.80.

ConocoPhillips Trading Up 1.0%

Shares of ConocoPhillips stock traded up $0.91 during mid-day trading on Thursday, hitting $95.44. The stock had a trading volume of 4,065,002 shares, compared to its average volume of 7,652,194. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $118.40. 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 firm has a market cap of $120.65 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61. The firm has a 50-day moving average of $90.41 and a two-hundred day moving average of $94.79.

ConocoPhillips (NYSE:COP - Get Free Report) last posted 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 business had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. During the same quarter in the previous year, the firm posted $2.05 earnings per share. Sell-side analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced 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 of this dividend was Monday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 3.27%. ConocoPhillips's dividend payout ratio (DPR) is 39.64%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, EVP Kirk L. Johnson bought 5,300 shares of ConocoPhillips stock in a transaction on 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 acquisition, the executive vice president owned 14,527 shares in the company, valued at $1,369,024.48. The trade was a 57.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.24% of the company's stock.

ConocoPhillips 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.