Praxis Investment Management Inc. Buys 14,820 Shares of ConocoPhillips (NYSE:COP)

Praxis Investment Management Inc. raised its position in ConocoPhillips (NYSE:COP - Free Report) by 25.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,154 shares of the energy producer's stock after purchasing an additional 14,820 shares during the quarter. Praxis Investment Management Inc.'s holdings in ConocoPhillips were worth $7,578,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of ConocoPhillips during the fourth quarter worth $26,000. Centricity Wealth Management LLC acquired a new stake in shares of ConocoPhillips during the fourth quarter worth $27,000. 10Elms LLP acquired a new stake in shares of ConocoPhillips during the fourth quarter worth $28,000. Crowley Wealth Management Inc. acquired a new stake in shares of ConocoPhillips during the fourth quarter worth $32,000. Finally, Marshall Investment Management LLC acquired a new stake in shares of ConocoPhillips during the fourth quarter worth $36,000. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Performance

NYSE COP traded up $0.96 during trading hours on Friday, reaching $94.76. 16,015,615 shares of the company were exchanged, compared to its average volume of 7,489,673. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $118.40. The business's 50 day simple moving average is $89.65 and its 200-day simple moving average is $95.46. 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 stock has a market capitalization 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.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.05 by $0.04. The firm 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 last year, the company earned $2.05 earnings per share. On average, equities research analysts expect 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 $0.78 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 3.29%. ConocoPhillips's payout ratio is 39.64%.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, EVP Kirk L. Johnson bought 5,300 shares of ConocoPhillips stock in a transaction dated Monday, June 16th. The stock was purchased at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the purchase, the executive vice president now directly owns 14,527 shares of the company's stock, valued at approximately $1,369,024.48. This trade represents a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Citigroup cut their target price on shares of ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a research note on Wednesday, June 11th. Susquehanna cut their target price on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a research note on Monday, May 12th. Bank of America cut their target price on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Scotiabank cut their target price on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Finally, UBS Group cut their target price on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $121.30.

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.