Foster & Motley Inc. Has $1.37 Million Stake in ConocoPhillips (NYSE:COP)

Foster & Motley Inc. trimmed its position in shares of ConocoPhillips (NYSE:COP) by 8.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,013 shares of the energy producer’s stock after selling 1,137 shares during the period. Foster & Motley Inc.’s holdings in ConocoPhillips were worth $1,367,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its position in shares of ConocoPhillips by 13.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer’s stock valued at $4,546,706,000 after acquiring an additional 5,549,078 shares during the period. Capital International Investors raised its stake in ConocoPhillips by 4.9% during the 4th quarter. Capital International Investors now owns 31,287,113 shares of the energy producer’s stock valued at $3,101,989,000 after purchasing an additional 1,473,027 shares during the last quarter. Invesco Ltd. boosted its holdings in ConocoPhillips by 37.1% in the 4th quarter. Invesco Ltd. now owns 15,570,246 shares of the energy producer’s stock valued at $1,544,101,000 after purchasing an additional 4,211,939 shares during the period. Northern Trust Corp grew its position in ConocoPhillips by 27.6% in the 4th quarter. Northern Trust Corp now owns 13,757,835 shares of the energy producer’s stock worth $1,364,364,000 after purchasing an additional 2,971,661 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of ConocoPhillips by 9.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 12,021,394 shares of the energy producer’s stock worth $1,191,984,000 after purchasing an additional 1,078,707 shares during the period. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Performance

Shares of NYSE:COP opened at $96.72 on Thursday. The business has a fifty day moving average of $91.64 and a 200-day moving average of $94.29. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.13 and a current ratio of 1.27. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $116.08. The firm has a market cap of $122.27 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 2.55 and a beta of 0.61.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.04. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. The firm had revenue of $16.18 billion during the quarter, compared to analysts’ expectations of $15.74 billion. During the same quarter last year, the company posted $2.05 EPS. On average, equities research analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 19th were issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.23%. The ex-dividend date was Monday, May 19th. ConocoPhillips’s dividend payout ratio is 39.64%.

Wall Street Analyst Weigh In

COP has been the subject of several research reports. Scotiabank increased their target price on shares of ConocoPhillips from $95.00 to $100.00 and gave the company a “sector perform” rating in a research note on Friday, July 11th. UBS Group lifted their price objective on ConocoPhillips from $111.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Barclays cut their target price on ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Royal Bank Of Canada lowered their price target on shares of ConocoPhillips from $115.00 to $113.00 and set an “outperform” rating on the stock in a report on Friday, July 11th. Finally, Susquehanna reduced their price objective on shares of ConocoPhillips from $114.00 to $113.00 and set a “positive” rating for the company in a report on Wednesday, July 23rd. Two equities 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, ConocoPhillips has a consensus rating of “Moderate Buy” and an average price target of $121.33.

Insider Buying and Selling

In other news, EVP Kirk L. Johnson bought 5,300 shares of the stock in a transaction dated Monday, June 16th. The stock was bought at an average cost of $94.24 per share, with a total value of $499,472.00. Following the purchase, the executive vice president owned 14,527 shares of the company’s stock, valued at approximately $1,369,024.48. This represents a 57.44% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.24% of the company’s stock.

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.