ConocoPhillips (NYSE:COP) Shares Bought by Florida Financial Advisors LLC

Florida Financial Advisors LLC lifted its stake in ConocoPhillips (NYSE:COP) by 12.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,519 shares of the energy producer’s stock after buying an additional 391 shares during the period. Florida Financial Advisors LLC’s holdings in ConocoPhillips were worth $369,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in ConocoPhillips in the 4th quarter worth approximately $26,000. 10Elms LLP acquired a new position in shares of ConocoPhillips during the fourth quarter worth $28,000. Crowley Wealth Management Inc. purchased a new position in shares of ConocoPhillips in the fourth quarter valued at $32,000. Garde Capital Inc. purchased a new position in shares of ConocoPhillips in the first quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in ConocoPhillips during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Activity at ConocoPhillips

In other news, EVP Kirk L. Johnson acquired 5,300 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The shares were purchased at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following 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 accessible through this link. Corporate insiders own 0.24% of the company’s stock.

ConocoPhillips Stock Performance

Shares of COP stock opened at $94.22 on Tuesday. The company has a market cap of $119.11 billion, a P/E ratio of 11.97, a PEG ratio of 2.58 and a beta of 0.61. The business has a 50 day moving average of $90.72 and a two-hundred day moving average of $94.72. ConocoPhillips has a 52 week low of $79.88 and a 52 week 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:COP) last released its quarterly earnings data 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 analyst estimates of $15.74 billion. ConocoPhillips had a return on equity of 16.54% and a net margin of 16.02%. During the same quarter in the previous year, the firm posted $2.05 EPS. As a group, analysts anticipate 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 issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Monday, May 19th. ConocoPhillips’s dividend payout ratio (DPR) is 39.64%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on COP shares. Mizuho decreased their price objective on shares of ConocoPhillips from $127.00 to $125.00 and set an “outperform” rating for the company in a research report on Tuesday, May 13th. Raymond James Financial reissued an “outperform” rating and issued a $109.00 price target (up previously from $103.00) on shares of ConocoPhillips in a report on Tuesday, May 20th. Susquehanna dropped their price objective on ConocoPhillips from $120.00 to $114.00 and set a “positive” rating on the stock in a report on Monday, May 12th. Piper Sandler upped their target price on ConocoPhillips from $107.00 to $113.00 and gave the company an “overweight” rating in a research report on Wednesday, July 2nd. Finally, Citigroup decreased their price target on shares of ConocoPhillips from $140.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, June 11th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $122.15.

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.