Integris Wealth Management LLC Sells 158 Shares of ConocoPhillips (NYSE:COP)

Integris Wealth Management LLC trimmed its stake in ConocoPhillips (NYSE:COP) by 6.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,392 shares of the energy producer’s stock after selling 158 shares during the quarter. Integris Wealth Management LLC’s holdings in ConocoPhillips were worth $251,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips in the fourth quarter valued at approximately $26,000. 10Elms LLP bought a new position in ConocoPhillips in the fourth quarter valued at approximately $28,000. Crowley Wealth Management Inc. bought a new position in ConocoPhillips in the fourth quarter valued at approximately $32,000. Garde Capital Inc. bought a new position in ConocoPhillips in the first quarter valued at approximately $35,000. Finally, Canton Hathaway LLC bought a new position in shares of ConocoPhillips during the 4th quarter worth approximately $36,000. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Performance

NYSE:COP opened at $91.82 on Tuesday. The stock has a fifty day moving average price of $89.76 and a 200-day moving average price of $95.32. The company has a market cap of $116.08 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 2.56 and a beta of 0.61. 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 fifty-two week low of $79.88 and a fifty-two week high of $118.40.

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

ConocoPhillips Announces Dividend

The firm 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. 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 3.40%. ConocoPhillips’s dividend payout ratio (DPR) is currently 39.64%.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, EVP Kirk L. Johnson purchased 5,300 shares of the stock in a transaction dated Monday, June 16th. The stock was bought at an average price of $94.24 per share, with a total value of $499,472.00. Following the acquisition, the executive vice president now owns 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 legal filing with the SEC, which is available through this hyperlink. 0.24% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Royal Bank Of Canada reduced their target price on ConocoPhillips from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Friday, May 30th. UBS Group reduced their target price on ConocoPhillips from $116.00 to $111.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Susquehanna reduced their target price on ConocoPhillips from $120.00 to $114.00 and set a “positive” rating for the company in a research note on Monday, May 12th. Citigroup reduced their target price on ConocoPhillips from $140.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, June 11th. Finally, Bank of America reduced their target price on ConocoPhillips from $107.00 to $106.00 and set a “neutral” rating for the company in a research note on Friday, May 23rd. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $121.30.

ConocoPhillips 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.