Universal Beteiligungs und Servicegesellschaft mbH Has $68.74 Million Stock Position in ConocoPhillips (NYSE:COP)

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in ConocoPhillips (NYSE:COP - Free Report) by 0.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 654,522 shares of the energy producer's stock after purchasing an additional 5,705 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of ConocoPhillips worth $68,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips during the fourth quarter valued at approximately $26,000. 10Elms LLP bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $28,000. Garde Capital Inc. bought a new position in shares of ConocoPhillips in the first quarter valued at approximately $35,000. Fourth Dimension Wealth LLC bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $39,000. Finally, MorganRosel Wealth Management LLC bought a new position in shares of ConocoPhillips in the first quarter valued at approximately $42,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

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

ConocoPhillips Trading Down 0.5%

Shares of ConocoPhillips stock traded down $0.50 during trading on Friday, hitting $95.12. 2,469,670 shares of the company were exchanged, compared to its average volume of 8,246,939. The firm has a market capitalization of $120.25 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $116.08. The firm's fifty day moving average price is $91.09 and its 200 day moving average price is $94.43. 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 issued its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.04. ConocoPhillips had a return on equity of 16.54% and a net margin of 16.02%. The business had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. During the same period in the previous year, the firm earned $2.05 EPS. As a group, sell-side analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a $0.78 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 3.28%. ConocoPhillips's dividend payout ratio is presently 39.64%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on COP shares. Morgan Stanley reissued an "overweight" rating and issued a $119.00 price target on shares of ConocoPhillips in a research report on Tuesday, July 15th. Raymond James Financial raised their price objective on shares of ConocoPhillips from $109.00 to $117.00 and gave the stock an "outperform" rating in a research note on Tuesday. Mizuho lowered their price objective on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, May 13th. Piper Sandler reiterated an "overweight" rating and set a $123.00 price target (up previously from $113.00) on shares of ConocoPhillips in a research note on Tuesday, July 15th. Finally, Bank of America decreased their price target on shares of ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $121.33.

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.