Integris Wealth Management LLC Has $251,000 Stock Position in ConocoPhillips (NYSE:COP)

Integris Wealth Management LLC lessened its position in ConocoPhillips (NYSE:COP) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,392 shares of the energy producer’s stock after selling 158 shares during the period. Integris Wealth Management LLC’s holdings in ConocoPhillips were worth $251,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Consolidated Portfolio Review Corp acquired a new position in ConocoPhillips in the 1st quarter worth about $206,000. Asset Management One Co. Ltd. increased its holdings in ConocoPhillips by 7.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 555,648 shares of the energy producer’s stock worth $58,354,000 after purchasing an additional 36,277 shares in the last quarter. XML Financial LLC increased its holdings in ConocoPhillips by 13.9% in the 1st quarter. XML Financial LLC now owns 12,510 shares of the energy producer’s stock worth $1,314,000 after purchasing an additional 1,529 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in ConocoPhillips by 20.9% in the 1st quarter. JFS Wealth Advisors LLC now owns 1,645 shares of the energy producer’s stock worth $173,000 after purchasing an additional 284 shares in the last quarter. Finally, Flagship Harbor Advisors LLC increased its holdings in ConocoPhillips by 43.7% in the 1st quarter. Flagship Harbor Advisors LLC now owns 22,969 shares of the energy producer’s stock worth $2,412,000 after purchasing an additional 6,987 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analysts Set New Price Targets

COP has been the subject of a number of recent research reports. Morgan Stanley upped their target price on ConocoPhillips from $116.00 to $118.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Scotiabank reduced their price target on ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating on the stock in a research report on Friday, April 11th. Raymond James Financial reiterated an “outperform” rating and issued a $109.00 price target (up previously from $103.00) on shares of ConocoPhillips in a research report on Tuesday, May 20th. UBS Group reduced their price target on ConocoPhillips from $116.00 to $111.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Finally, Mizuho reduced their price target on ConocoPhillips from $127.00 to $125.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 13th. Three research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and an average price target of $121.30.

ConocoPhillips Stock Down 3.0%

Shares of ConocoPhillips stock opened at $91.82 on Tuesday. The stock’s 50-day moving average is $89.76 and its 200 day moving average is $95.32. The firm 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 current ratio of 1.27 and a quick ratio of 1.13. ConocoPhillips has a one year low of $79.88 and a one year high of $118.40.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. The business had revenue of $16.18 billion for 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 prior year, the company earned $2.05 earnings per share. Equities research analysts anticipate 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. Shareholders of record on Monday, May 19th were issued a $0.78 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.40%. ConocoPhillips’s payout ratio is currently 39.64%.

Insiders Place Their Bets

In other news, EVP Kirk L. Johnson purchased 5,300 shares of the business’s stock in a transaction on Monday, June 16th. The shares were acquired at an average price of $94.24 per share, for a total transaction of $499,472.00. Following the completion of the acquisition, the executive vice president now owns 14,527 shares in the company, valued at approximately $1,369,024.48. The trade was a 57.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.24% of the company’s stock.

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.