13,738 Shares in ConocoPhillips (NYSE:COP) Bought by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC acquired a new position in shares of ConocoPhillips (NYSE:COP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,738 shares of the energy producer's stock, valued at approximately $1,443,000.

A number of other hedge funds also recently made changes to their positions in COP. Murphy & Mullick Capital Management Corp bought a new position in shares of ConocoPhillips in the 4th quarter worth about $26,000. 10Elms LLP bought a new stake in ConocoPhillips during the 4th quarter valued at $28,000. Crowley Wealth Management Inc. bought a new stake in ConocoPhillips during the 4th quarter valued at $32,000. Garde Capital Inc. bought a new stake in ConocoPhillips during the 1st quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of ConocoPhillips during the fourth quarter worth about $39,000. 82.36% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on COP. Raymond James Financial reiterated 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. Wells Fargo & Company reissued an "overweight" rating and set a $117.00 target price (up from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Citigroup reduced their target price on shares of ConocoPhillips from $140.00 to $115.00 and set a "buy" rating for the company in a research report on Wednesday, June 11th. Scotiabank set a $100.00 price objective on ConocoPhillips and gave the company a "sector perform" rating in a report on Friday, July 11th. Finally, Mizuho reduced their price objective on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a report on Tuesday, May 13th. Three 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 stock currently has a consensus rating of "Moderate Buy" and an average price target of $122.70.

ConocoPhillips Stock Performance

NYSE COP traded up $0.76 during trading hours on Thursday, hitting $92.27. The company's stock had a trading volume of 1,488,230 shares, compared to its average volume of 7,621,021. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $118.40. The company's 50 day simple moving average is $90.89 and its two-hundred day simple moving average is $94.68. The company has a market cap of $116.65 billion, a P/E ratio of 11.72, a price-to-earnings-growth ratio of 2.52 and a beta of 0.61. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.27 and a quick ratio of 1.13.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $2.05 by $0.04. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. The business had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. During the same quarter in the previous year, the firm posted $2.05 EPS. As a group, sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

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. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date was Monday, May 19th. ConocoPhillips's payout ratio is 39.64%.

Insider Activity

In related news, EVP Kirk L. Johnson acquired 5,300 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was bought at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the purchase, 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 filing with the SEC, which is accessible through this link. 0.24% of the stock is currently owned by 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.