Johnson Financial Group Inc. Sells 10,372 Shares of ConocoPhillips (NYSE:COP)

Johnson Financial Group Inc. reduced its stake in ConocoPhillips (NYSE:COP - Free Report) by 87.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,448 shares of the energy producer's stock after selling 10,372 shares during the period. Johnson Financial Group Inc.'s holdings in ConocoPhillips were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of COP. Albion Financial Group UT raised its position in shares of ConocoPhillips by 876.9% during the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock worth $25,000 after purchasing an additional 228 shares during the period. Murphy & Mullick Capital Management Corp bought a new stake in ConocoPhillips during the 4th quarter valued at $26,000. Centricity Wealth Management LLC purchased a new stake in shares of ConocoPhillips in the 4th quarter worth about $27,000. Crowley Wealth Management Inc. bought a new position in ConocoPhillips in the 4th quarter valued at approximately $32,000. Finally, Global Wealth Strategies & Associates raised its stake in ConocoPhillips by 80.5% during the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock valued at $34,000 after buying an additional 153 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Price Performance

Shares of NYSE COP traded up $1.59 during mid-day trading on Thursday, hitting $90.71. 8,027,447 shares of the stock traded hands, compared to its average volume of 7,175,847. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $125.22. The company has a market cap of $114.67 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. The firm has a 50 day simple moving average of $94.05 and a two-hundred day simple moving average of $100.26.

ConocoPhillips (NYSE:COP - Get Free Report) last released its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. As a group, equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date was Friday, February 14th. ConocoPhillips's payout ratio is 40.05%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on COP shares. Wells Fargo & Company lowered their price target on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Bank of America lowered shares of ConocoPhillips from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $138.00 to $107.00 in a report on Tuesday. TD Cowen assumed coverage on shares of ConocoPhillips in a report on Friday, January 17th. They issued a "buy" rating and a $125.00 target price on the stock. Royal Bank of Canada dropped their target price on shares of ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, UBS Group decreased 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. Three research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $124.79.

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.