Uhlmann Price Securities LLC Acquires Shares of 5,872 ConocoPhillips $COP

Uhlmann Price Securities LLC acquired a new position in shares of ConocoPhillips (NYSE:COP) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 5,872 shares of the energy producer’s stock, valued at approximately $760,000.

Several other hedge funds and other institutional investors also recently modified their holdings of COP. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of ConocoPhillips in the 4th quarter valued at about $25,000. KERR FINANCIAL PLANNING Corp acquired a new position in ConocoPhillips in the third quarter worth about $28,000. Board of the Pension Protection Fund acquired a new position in ConocoPhillips in the fourth quarter worth about $28,000. Strive Asset Management LLC bought a new stake in ConocoPhillips in the third quarter valued at about $28,000. Finally, BNP Paribas bought a new stake in ConocoPhillips in the second quarter valued at about $33,000. Institutional investors own 82.36% of the company’s stock.

Analysts Set New Price Targets

COP has been the topic of a number of research analyst reports. UBS Group increased their target price on ConocoPhillips from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. BMO Capital Markets lowered their price target on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Susquehanna upped their price target on ConocoPhillips from $149.00 to $152.00 in a research report on Friday, May 1st. Barclays upped their price target on ConocoPhillips from $136.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Mizuho raised their price objective on ConocoPhillips from $136.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.48.

ConocoPhillips Trading Up 0.2%

NYSE:COP opened at $107.92 on Friday. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $135.87. The firm has a market capitalization of $131.48 billion, a P/E ratio of 18.32, a P/E/G ratio of 1.19 and a beta of 0.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The business has a 50 day simple moving average of $118.65 and a 200 day simple moving average of $111.25.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the prior year, the business earned $2.09 EPS. The firm’s revenue was down 6.1% on a year-over-year basis. Equities research analysts predict that ConocoPhillips will post 10.03 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 annualized dividend and a dividend yield of 3.1%. ConocoPhillips’s payout ratio is 57.05%.

Insider Transactions at ConocoPhillips

In other news, EVP Nicholas G. Olds sold 6,994 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $127.06, for a total transaction of $888,657.64. Following the completion of the transaction, the executive vice president owned 5,395 shares in the company, valued at approximately $685,488.70. This represents a 56.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the completion of the sale, the senior vice president directly owned 25,284 shares in the company, valued at approximately $3,287,678.52. This trade represents a 23.34% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 127,915 shares of company stock worth $16,915,448. Insiders own 0.09% of the company’s stock.

About ConocoPhillips

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.