ConocoPhillips $COP Shares Sold by Hilltop Holdings Inc.

Hilltop Holdings Inc. lessened its stake in shares of ConocoPhillips (NYSE:COP) by 32.5% during the 1st quarter, Holdings Channel reports. The firm owned 11,687 shares of the energy producer’s stock after selling 5,632 shares during the quarter. Hilltop Holdings Inc.’s holdings in ConocoPhillips were worth $1,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of ConocoPhillips during the fourth quarter worth $25,000. Strive Asset Management LLC acquired a new stake in ConocoPhillips during the 3rd quarter worth about $28,000. Frazier Financial Advisors LLC grew its stake in ConocoPhillips by 151.0% during the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after purchasing an additional 145 shares during the last quarter. BNP Paribas acquired a new position in shares of ConocoPhillips in the second quarter valued at about $33,000. Finally, Optima Capital LLC purchased a new position in shares of ConocoPhillips in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Susquehanna upped their target price on ConocoPhillips from $152.00 to $155.00 and gave the company a “positive” rating in a research report on Tuesday. Wolfe Research raised their price target on shares of ConocoPhillips from $138.00 to $144.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. BMO Capital Markets decreased their price objective on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Royal Bank Of Canada set a $130.00 price target on shares of ConocoPhillips in a report on Monday, June 22nd. Finally, Citigroup upped their price objective on ConocoPhillips from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Eighteen investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $134.16.

ConocoPhillips Stock Up 0.1%

Shares of COP opened at $120.30 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The stock has a market capitalization of $146.56 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 1.45 and a beta of 0.12. The stock has a 50 day moving average price of $113.50 and a 200 day moving average price of $114.23.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The company had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 EPS. Equities research analysts forecast that ConocoPhillips will post 9.2 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, May 11th. ConocoPhillips’s dividend payout ratio is 57.05%.

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.