ConocoPhillips (NYSE:COP) Shares Acquired by Retirement Planning Co of New England Inc.

Retirement Planning Co of New England Inc. lifted its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 286.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,518 shares of the energy producer's stock after buying an additional 6,312 shares during the quarter. Retirement Planning Co of New England Inc.'s holdings in ConocoPhillips were worth $895,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp purchased a new stake in ConocoPhillips in the 4th quarter valued at $26,000. 10Elms LLP purchased a new stake in ConocoPhillips in the 4th quarter valued at $28,000. Crowley Wealth Management Inc. purchased a new stake in ConocoPhillips in the 4th quarter valued at $32,000. Garde Capital Inc. purchased a new stake in ConocoPhillips in the 1st quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in ConocoPhillips in the 4th quarter valued at $39,000. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Trading Down 1.1%

ConocoPhillips stock traded down $1.06 during midday trading on Friday, reaching $91.75. 7,967,743 shares of the stock traded hands, compared to its average volume of 7,640,115. The company has a 50-day simple moving average of $90.97 and a two-hundred day simple moving average of $94.66. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $118.40. The firm has a market cap of $115.99 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 2.45 and a beta of 0.61. The company has a current ratio of 1.27, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. The company had revenue of $16.18 billion for 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 quarter last year, the company earned $2.05 EPS. Research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

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 $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Monday, May 19th. ConocoPhillips's dividend payout ratio is currently 39.64%.

Analyst Upgrades and Downgrades

COP has been the subject of several analyst reports. UBS Group upped their target price on ConocoPhillips from $111.00 to $115.00 and gave the company a "buy" rating in a report on Friday, July 11th. Wells Fargo & Company reiterated an "overweight" rating and set a $117.00 price target (up from $113.00) on shares of ConocoPhillips in a report on Thursday, June 26th. Royal Bank Of Canada lowered their price target on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating for the company in a report on Friday, July 11th. Mizuho lowered their price target on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Finally, Susquehanna lowered their price target on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $122.21.

Insider Transactions at ConocoPhillips

In related news, EVP Kirk L. Johnson purchased 5,300 shares of ConocoPhillips stock in a transaction on Monday, June 16th. The shares were bought at an average price of $94.24 per share, with a total value of $499,472.00. Following the transaction, the executive vice president directly owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.24% of the stock is owned by corporate insiders.

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.