First Heartland Consultants Inc. Has $273,000 Position in ConocoPhillips (NYSE:COP)

First Heartland Consultants Inc. increased its stake in shares of ConocoPhillips (NYSE:COP) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,354 shares of the energy producer’s stock after buying an additional 104 shares during the quarter. First Heartland Consultants Inc.’s holdings in ConocoPhillips were worth $273,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Navellier & Associates Inc. lifted its stake in ConocoPhillips by 4.4% during the fourth quarter. Navellier & Associates Inc. now owns 131,876 shares of the energy producer’s stock worth $15,307,000 after purchasing an additional 5,527 shares during the last quarter. Longfellow Investment Management Co. LLC bought a new stake in ConocoPhillips during the fourth quarter worth $694,000. Meridian Wealth Management LLC lifted its stake in ConocoPhillips by 9.2% during the fourth quarter. Meridian Wealth Management LLC now owns 2,919 shares of the energy producer’s stock worth $339,000 after purchasing an additional 247 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in ConocoPhillips by 30.8% during the fourth quarter. Panagora Asset Management Inc. now owns 904,482 shares of the energy producer’s stock worth $104,983,000 after purchasing an additional 212,836 shares during the last quarter. Finally, WealthTrust Asset Management LLC bought a new stake in ConocoPhillips during the fourth quarter worth $203,000. 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 research reports. Scotiabank increased their price target on ConocoPhillips from $120.00 to $135.00 and gave the company a “sector perform” rating in a research note on Thursday, April 11th. Barclays initiated coverage on ConocoPhillips in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price target for the company. Mizuho increased their price target on ConocoPhillips from $139.00 to $142.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Raymond James dropped their price target on ConocoPhillips from $140.00 to $137.00 and set a “strong-buy” rating for the company in a research note on Wednesday, January 24th. Finally, Susquehanna increased their price target on ConocoPhillips from $133.00 to $154.00 and gave the company a “positive” rating in a research note on Monday, April 22nd. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $143.24.

Insiders Place Their Bets

In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the transaction, the executive vice president now owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Christopher P. Delk sold 8,505 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $112.06, for a total value of $953,070.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Nicholas G. Olds sold 12,150 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the transaction, the executive vice president now directly owns 14,522 shares in the company, valued at approximately $1,836,161.68. The disclosure for this sale can be found here. Insiders have sold a total of 700,775 shares of company stock valued at $87,615,169 in the last 90 days. 0.34% of the stock is currently owned by corporate insiders.

ConocoPhillips Stock Up 1.6 %

NYSE COP traded up $1.88 during trading hours on Friday, hitting $121.71. The company’s stock had a trading volume of 4,450,253 shares, compared to its average volume of 5,062,339. ConocoPhillips has a 52 week low of $98.38 and a 52 week high of $135.18. The company has a market capitalization of $142.34 billion, a PE ratio of 13.78, a price-to-earnings-growth ratio of 2.64 and a beta of 1.25. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 0.35. The company’s 50-day simple moving average is $125.79 and its two-hundred day simple moving average is $117.74.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $3.12 annualized dividend and a dividend yield of 2.56%. ConocoPhillips’s dividend payout ratio is currently 26.27%.

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.