ConocoPhillips (NYSE:COP) Shares Purchased by Stratos Investment Management LLC

Stratos Investment Management LLC increased its position in ConocoPhillips (NYSE:COP - Free Report) by 29.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,520 shares of the energy producer's stock after buying an additional 6,572 shares during the period. Stratos Investment Management LLC's holdings in ConocoPhillips were worth $2,995,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Gray Wealth Management Inc. lifted its position 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 lifted its position in ConocoPhillips by 2.7% during the fourth quarter. Plancorp LLC now owns 4,018 shares of the energy producer's stock worth $399,000 after buying an additional 104 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in ConocoPhillips by 3.7% during the fourth 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 in the last quarter. Councilmark Asset Management LLC lifted its position in ConocoPhillips by 0.5% during the fourth quarter. Councilmark Asset Management LLC now owns 19,639 shares of the energy producer's stock worth $1,948,000 after buying an additional 106 shares in the last quarter. Finally, Second Line Capital LLC lifted its position in ConocoPhillips by 2.2% during the fourth quarter. Second Line Capital LLC now owns 4,990 shares of the energy producer's stock worth $495,000 after buying an additional 108 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Susquehanna reduced their price objective on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. Scotiabank lifted their price objective on ConocoPhillips from $95.00 to $100.00 and gave the stock a "sector perform" rating in a research report on Friday. UBS Group lifted their price objective on ConocoPhillips from $111.00 to $115.00 and gave the stock a "buy" rating in a research report on Friday. Raymond James Financial reiterated an "outperform" rating and set a $109.00 price objective (up previously from $103.00) on shares of ConocoPhillips in a research report on Tuesday, May 20th. Finally, Royal Bank Of Canada reduced their target price on ConocoPhillips from $115.00 to $113.00 and set an "outperform" rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $122.15.

Insider Activity

In other ConocoPhillips news, EVP Kirk L. Johnson acquired 5,300 shares of the stock in a transaction dated Monday, June 16th. The stock was acquired at an average cost of $94.24 per share, with a total value of $499,472.00. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.24% of the company's stock.

ConocoPhillips Stock Up 0.3%

COP traded up $0.29 on Friday, hitting $95.66. 4,903,410 shares of the company were exchanged, compared to its average volume of 7,648,450. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $118.40. The company has a market cap of $120.93 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 2.57 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. The firm has a 50-day moving average price of $90.58 and a two-hundred day moving average price of $94.77.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share (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 analysts' expectations 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 firm posted $2.05 EPS. On average, equities analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given 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 3.26%. ConocoPhillips's dividend payout ratio is currently 39.64%.

ConocoPhillips Company 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.