ConocoPhillips (NYSE:COP) Shares Purchased by World Investment Advisors

World Investment Advisors boosted its stake in ConocoPhillips (NYSE:COP - Free Report) by 29.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,506 shares of the energy producer's stock after purchasing an additional 14,174 shares during the quarter. World Investment Advisors' holdings in ConocoPhillips were worth $6,564,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of ConocoPhillips in the fourth quarter worth approximately $26,000. 10Elms LLP bought a new stake in ConocoPhillips in the 4th quarter worth approximately $28,000. Crowley Wealth Management Inc. purchased a new stake in ConocoPhillips in the fourth quarter worth approximately $32,000. Garde Capital Inc. bought a new position in ConocoPhillips during the first quarter valued at approximately $35,000. Finally, Rakuten Securities Inc. raised its stake in shares of ConocoPhillips by 222.0% during the fourth quarter. Rakuten Securities Inc. now owns 380 shares of the energy producer's stock worth $38,000 after acquiring an additional 262 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COP. Morgan Stanley upped their price objective on shares of ConocoPhillips from $116.00 to $118.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Bank of America reduced their price objective on ConocoPhillips from $107.00 to $106.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. UBS Group lowered their target price on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Wells Fargo & Company restated an "overweight" rating and set a $117.00 price target (up from $113.00) on shares of ConocoPhillips in a research report on Thursday, June 26th. Finally, JPMorgan Chase & Co. lowered their price objective on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research report on Thursday, March 13th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.80.

Insiders Place Their Bets

In related news, EVP Kirk L. Johnson bought 5,300 shares of the stock in a transaction dated Monday, June 16th. The stock was purchased at an average cost of $94.24 per share, with a total value of $499,472.00. Following the completion of the purchase, 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 filing with the SEC, which is available at the SEC website. 0.24% of the stock is owned by insiders.

ConocoPhillips Stock Down 1.2%

COP traded down $1.12 during trading on Monday, reaching $92.56. The stock had a trading volume of 6,271,417 shares, compared to its average volume of 7,608,821. The stock's 50 day moving average is $90.23 and its two-hundred day moving average is $94.80. The company has a market capitalization of $117.01 billion, a price-to-earnings ratio of 11.76, a P/E/G ratio of 2.53 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. ConocoPhillips has a one year low of $79.88 and a one year high of $118.40.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings results 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 business had revenue of $16.18 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $2.05 EPS. As a group, analysts expect 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. Shareholders of record on Monday, May 19th were paid a $0.78 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.37%. ConocoPhillips's 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.