Cwm LLC Acquires 34,853 Shares of ConocoPhillips (NYSE:COP)

Cwm LLC boosted its holdings in shares of ConocoPhillips (NYSE:COPFree Report) by 44.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,764 shares of the energy producer’s stock after purchasing an additional 34,853 shares during the period. Cwm LLC’s holdings in ConocoPhillips were worth $11,843,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of ConocoPhillips during the fourth quarter worth approximately $26,000. 10Elms LLP acquired a new stake in shares of ConocoPhillips during the fourth quarter worth approximately $28,000. Crowley Wealth Management Inc. acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $32,000. Garde Capital Inc. acquired a new stake in shares of ConocoPhillips in the first quarter valued at approximately $35,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Mizuho lowered their price target on shares of ConocoPhillips from $127.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, May 13th. UBS Group raised their price target on shares of ConocoPhillips from $111.00 to $115.00 and gave the company a “buy” rating in a report on Friday. Susquehanna lowered their price target on shares of ConocoPhillips from $120.00 to $114.00 and set a “positive” rating for the company in a report on Monday, May 12th. Wells Fargo & Company reissued an “overweight” rating and issued a $117.00 price target (up previously from $113.00) on shares of ConocoPhillips in a report on Thursday, June 26th. Finally, Morgan Stanley raised their price target on shares of ConocoPhillips from $116.00 to $118.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $122.15.

Check Out Our Latest Research Report on ConocoPhillips

Insider Buying and Selling at ConocoPhillips

In other news, EVP Kirk L. Johnson purchased 5,300 shares of ConocoPhillips stock in a transaction dated Monday, June 16th. The shares were bought at an average cost of $94.24 per share, with a total value of $499,472.00. Following the completion of the transaction, the executive vice president directly owned 14,527 shares in the company, valued at $1,369,024.48. This trade represents a 57.44% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is currently owned by corporate insiders.

ConocoPhillips Trading Down 1.5%

Shares of NYSE COP opened at $94.22 on Tuesday. The company’s fifty day moving average is $90.72 and its 200-day moving average is $94.72. The stock has a market cap of $119.11 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 2.58 and a beta of 0.61. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $118.40. The company has a quick ratio of 1.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COPGet Free Report) last announced its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.05 by $0.04. The company had revenue of $16.18 billion for the quarter, compared to analysts’ expectations 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 posted $2.05 earnings per share. Equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.31%. ConocoPhillips’s dividend payout ratio is 39.64%.

ConocoPhillips Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for ConocoPhillips (NYSE:COP)

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