Mayfair Advisory Group LLC Sells 196 Shares of ConocoPhillips (NYSE:COP)

Mayfair Advisory Group LLC lessened its holdings in shares of ConocoPhillips (NYSE:COP) by 4.4% in the first quarter, HoldingsChannel.com reports. The fund owned 4,236 shares of the energy producer’s stock after selling 196 shares during the period. Mayfair Advisory Group LLC’s holdings in ConocoPhillips were worth $445,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of ConocoPhillips during the 4th quarter valued at about $26,000. Centricity Wealth Management LLC purchased a new position in shares of ConocoPhillips during the 4th quarter valued at about $27,000. 10Elms LLP purchased a new position in shares of ConocoPhillips during the 4th quarter valued at about $28,000. Crowley Wealth Management Inc. purchased a new position in shares of ConocoPhillips during the 4th quarter valued at about $32,000. Finally, Marshall Investment Management LLC purchased a new position in shares of ConocoPhillips during the 4th quarter valued at about $36,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Price Performance

COP opened at $95.54 on Wednesday. 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 52-week low of $79.88 and a 52-week high of $118.40. The stock has a market capitalization of $120.78 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 2.57 and a beta of 0.61. The stock’s 50 day moving average price is $89.23 and its 200-day moving average price is $95.69.

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

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were given a dividend of $0.78 per share. The ex-dividend date was Monday, May 19th. This represents a $3.12 annualized dividend and a dividend yield of 3.27%. ConocoPhillips’s dividend payout ratio is presently 39.64%.

Insider Activity at ConocoPhillips

In other news, EVP Kirk L. Johnson purchased 5,300 shares of the company’s stock in a transaction that occurred on Monday, June 16th. The shares were bought at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the transaction, the executive vice president now directly owns 14,527 shares of the company’s stock, 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 SEC, which can be accessed through the SEC website. 0.24% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

COP has been the topic of a number of research reports. Bank of America decreased their price objective on ConocoPhillips from $107.00 to $106.00 and set a “neutral” rating on the stock in a report on Friday, May 23rd. Barclays decreased their price target on ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 23rd. Royal Bank Of Canada decreased their price target on ConocoPhillips from $120.00 to $115.00 and set an “outperform” rating on the stock in a research note on Friday, May 30th. Wells Fargo & Company decreased their price target on ConocoPhillips from $116.00 to $113.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 14th. Finally, Scotiabank decreased their price target on ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $121.30.

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.