ConocoPhillips (NYSE:COP) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its position in ConocoPhillips (NYSE:COP - Free Report) by 29.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 161,149 shares of the energy producer's stock after purchasing an additional 36,630 shares during the period. ConocoPhillips makes up approximately 0.9% of Venturi Wealth Management LLC's investment portfolio, making the stock its 27th largest holding. Venturi Wealth Management LLC's holdings in ConocoPhillips were worth $16,924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Murphy & Mullick Capital Management Corp acquired a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $26,000. 10Elms LLP acquired a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $28,000. Garde Capital Inc. acquired a new position in shares of ConocoPhillips in the first quarter valued at approximately $35,000. Fourth Dimension Wealth LLC acquired a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $39,000. Finally, MorganRosel Wealth Management LLC acquired a new position in shares of ConocoPhillips in the first quarter valued at approximately $42,000. Institutional investors own 82.36% of the company's stock.

ConocoPhillips Trading Down 0.7%

Shares of COP stock traded down $0.66 during trading hours on Friday, reaching $94.96. 4,474,974 shares of the stock were exchanged, compared to its average volume of 8,249,808. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $116.08. 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 company's 50-day moving average price is $91.09 and its 200-day moving average price is $94.43. The firm has a market capitalization of $120.04 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 2.47 and a beta of 0.61.

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, beating analysts' consensus estimates of $2.05 by $0.04. The firm had revenue of $16.18 billion for the quarter, compared to the consensus estimate of $15.74 billion. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. During the same period last year, the firm earned $2.05 earnings per share. As a group, equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were paid a dividend of $0.78 per share. The ex-dividend date was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.29%. ConocoPhillips's payout ratio is 39.64%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on COP shares. Susquehanna cut their price target on ConocoPhillips from $114.00 to $113.00 and set a "positive" rating for the company in a research note on Wednesday. Mizuho cut their price target on ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, May 13th. Scotiabank boosted their price target on ConocoPhillips from $95.00 to $100.00 and gave the company a "sector perform" rating in a research note on Friday, July 11th. Raymond James Financial boosted their price target on ConocoPhillips from $109.00 to $117.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, Piper Sandler restated an "overweight" rating and set a $123.00 target price (up from $113.00) on shares of ConocoPhillips in a research note on Tuesday, July 15th. Two research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $121.33.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, EVP Kirk L. Johnson acquired 5,300 shares of the business's stock in a transaction dated Monday, June 16th. The shares were purchased at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the purchase, the executive vice president directly owned 14,527 shares of the company's stock, valued at $1,369,024.48. The trade was a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.24% of the stock is owned by company 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.