ConocoPhillips (NYSE:COP) Shares Sold by Unigestion Holding SA

Unigestion Holding SA decreased its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 34.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 122,290 shares of the energy producer's stock after selling 63,496 shares during the quarter. Unigestion Holding SA's holdings in ConocoPhillips were worth $12,842,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of COP. Murphy & Mullick Capital Management Corp bought a new position in shares of ConocoPhillips in the 4th quarter valued at about $26,000. Centricity Wealth Management LLC bought a new stake in shares of ConocoPhillips in the 4th quarter valued at approximately $27,000. 10Elms LLP purchased a new position in shares of ConocoPhillips in the 4th quarter worth approximately $28,000. Crowley Wealth Management Inc. bought a new position in shares of ConocoPhillips during the 4th quarter valued at approximately $32,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in ConocoPhillips during the 4th quarter valued at $36,000. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Stock Down 0.8%

Shares of COP traded down $0.67 during midday trading on Thursday, hitting $85.28. 5,068,624 shares of the company's stock traded hands, compared to its average volume of 7,383,247. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $118.40. The firm's fifty day moving average is $89.50 and its 200-day moving average is $96.91. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $107.80 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 0.79 and a beta of 0.61.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. The business had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. During the same period in the prior year, the company earned $2.05 earnings per share. As a group, sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend was Monday, May 19th. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Scotiabank lowered their target price on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company decreased their price objective on shares of ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating for the company in a report on Wednesday, May 14th. UBS Group reduced their target price on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Finally, Piper Sandler decreased their price target on shares of ConocoPhillips from $114.00 to $107.00 and set an "overweight" rating for the company in a research note on Tuesday, May 13th. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, ConocoPhillips has an average rating of "Moderate Buy" and a consensus price target of $121.63.

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.