Johnson Financial Group Inc. Has $143,000 Stake in ConocoPhillips (NYSE:COP)

Johnson Financial Group Inc. trimmed its position in ConocoPhillips (NYSE:COP - Free Report) by 87.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,448 shares of the energy producer's stock after selling 10,372 shares during the quarter. Johnson Financial Group Inc.'s holdings in ConocoPhillips were worth $143,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Albion Financial Group UT grew its position in ConocoPhillips by 876.9% in the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after acquiring an additional 228 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in shares of ConocoPhillips during the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC acquired a new position in ConocoPhillips in the fourth quarter valued at approximately $27,000. Crowley Wealth Management Inc. acquired a new position in ConocoPhillips in the fourth quarter valued at approximately $32,000. Finally, Global Wealth Strategies & Associates lifted its holdings in ConocoPhillips by 80.5% in the fourth quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock valued at $34,000 after buying an additional 153 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Down 0.0 %

Shares of COP opened at $91.78 on Monday. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $130.44. The stock has a market capitalization of $116.03 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 0.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The stock has a fifty day moving average of $94.56 and a 200-day moving average of $100.52.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, beating analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were issued a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.40%. ConocoPhillips's payout ratio is currently 40.05%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on COP shares. The Goldman Sachs Group set a $132.00 price target on shares of ConocoPhillips in a report on Thursday, January 30th. Royal Bank of Canada reduced their target price on shares of ConocoPhillips from $133.00 to $120.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Susquehanna set a $136.00 target price on shares of ConocoPhillips in a report on Tuesday, April 22nd. Barclays dropped their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 23rd. Finally, UBS Group dropped their price target on shares of ConocoPhillips from $116.00 to $111.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ConocoPhillips currently has an average rating of "Moderate Buy" and a consensus target price of $126.89.

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.

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