Schechter Investment Advisors LLC Cuts Stake in ConocoPhillips (NYSE:COP)

Schechter Investment Advisors LLC cut its position in ConocoPhillips (NYSE:COP - Free Report) by 20.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,684 shares of the energy producer's stock after selling 2,914 shares during the period. Schechter Investment Advisors LLC's holdings in ConocoPhillips were worth $1,227,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new stake in ConocoPhillips during the 4th quarter valued at $26,000. 10Elms LLP purchased a new stake in shares of ConocoPhillips during the fourth quarter valued at $28,000. Crowley Wealth Management Inc. purchased a new stake in shares of ConocoPhillips during the fourth quarter valued at $32,000. Garde Capital Inc. bought a new stake in ConocoPhillips in the 1st quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC purchased a new position in ConocoPhillips in the 4th quarter worth about $39,000. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $95.66 on Monday. The company has a market capitalization of $120.93 billion, a price-to-earnings ratio of 12.16, a PEG ratio of 2.58 and a beta of 0.61. 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's 50-day simple moving average is $90.58 and its 200-day simple moving average is $94.74. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $118.40.

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 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 return on equity of 16.54% and a net margin of 16.02%. During the same period in the prior year, the company posted $2.05 EPS. As a group, analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Raymond James Financial reaffirmed an "outperform" rating and set a $109.00 price target (up previously from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. Royal Bank Of Canada dropped their target price on shares of ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating on the stock in a report on Friday. UBS Group boosted their target price on shares of ConocoPhillips from $111.00 to $115.00 and gave the company a "buy" rating in a research note on Friday. Morgan Stanley raised their price target on ConocoPhillips from $116.00 to $118.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Citigroup reduced their price objective on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $122.15.

Insider Activity at ConocoPhillips

In other news, EVP Kirk L. Johnson bought 5,300 shares of ConocoPhillips stock in a transaction dated Monday, June 16th. The shares were purchased at an average cost 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 of the company's stock, valued at $1,369,024.48. This trade represents a 57.44% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.24% of the stock is owned by company 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.

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