ConocoPhillips (NYSE:COP) VP James D. Mcmorran sold 9,091 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $47.47, for a total transaction of $431,549.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of ConocoPhillips (NYSE:COP) traded down 0.36% during trading on Tuesday, reaching $46.76. 7,638,083 shares of the company’s stock were exchanged. The company’s 50-day moving average is $47.98 and its 200 day moving average is $48.17. The stock’s market capitalization is $57.85 billion. ConocoPhillips has a 52 week low of $38.80 and a 52 week high of $53.17.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Tuesday, May 2nd. The energy producer reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.05. ConocoPhillips had a negative net margin of 14.84% and a negative return on equity of 8.73%. The firm had revenue of $7.77 billion for the quarter, compared to analyst estimates of $7.47 billion. During the same period last year, the firm posted ($0.95) EPS. On average, analysts forecast that ConocoPhillips will post $0.61 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 1st. Stockholders of record on Monday, May 15th will be issued a dividend of $0.265 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is -36.43%.

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Institutional investors have recently made changes to their positions in the stock. Achmea Investment Management B.V. purchased a new position in shares of ConocoPhillips during the first quarter valued at about $6,060,000. North Star Asset Management Inc. increased its position in shares of ConocoPhillips by 6.2% in the first quarter. North Star Asset Management Inc. now owns 7,530 shares of the energy producer’s stock valued at $376,000 after buying an additional 440 shares during the period. Bank of Nova Scotia increased its position in shares of ConocoPhillips by 534.1% in the first quarter. Bank of Nova Scotia now owns 291,316 shares of the energy producer’s stock valued at $14,528,000 after buying an additional 245,374 shares during the period. Farmers National Bank increased its position in shares of ConocoPhillips by 1.9% in the first quarter. Farmers National Bank now owns 5,376 shares of the energy producer’s stock valued at $234,000 after buying an additional 100 shares during the period. Finally, Kimelman & Baird LLC increased its position in shares of ConocoPhillips by 62.7% in the first quarter. Kimelman & Baird LLC now owns 11,550 shares of the energy producer’s stock valued at $576,000 after buying an additional 4,450 shares during the period. 65.39% of the stock is owned by institutional investors.

Several research analysts have recently issued reports on the stock. Goldman Sachs Group Inc restated a “positive” rating on shares of ConocoPhillips in a report on Monday, February 6th. Scotiabank restated a “buy” rating and issued a $60.00 target price on shares of ConocoPhillips in a report on Monday, February 6th. Royal Bank of Canada restated a “buy” rating on shares of ConocoPhillips in a report on Tuesday, February 7th. Cowen and Company restated an “outperform” rating and issued a $59.00 target price on shares of ConocoPhillips in a report on Thursday, March 30th. Finally, Instinet restated a “neutral” rating and issued a $54.00 target price on shares of ConocoPhillips in a report on Monday, April 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $56.92.

ConocoPhillips Company Profile

ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through five segments: Alaska, Lower 48, Canada, Europe and North Africa, Asia Pacific and Middle East, and Other International.

12 Month Chart for NYSE:COP

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