Aviso Wealth Management Takes $398,000 Position in ConocoPhillips (NYSE:COP)

Aviso Wealth Management acquired a new position in ConocoPhillips (NYSE:COP) in the fourth quarter, Holdings Channel reports. The fund acquired 4,009 shares of the energy producer’s stock, valued at approximately $398,000.

A number of other hedge funds also recently bought and sold shares of the stock. Albion Financial Group UT raised its position in shares of ConocoPhillips by 876.9% in the 4th quarter. Albion Financial Group UT now owns 254 shares of the energy producer’s stock worth $25,000 after acquiring an additional 228 shares in the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in ConocoPhillips in the fourth quarter valued at about $26,000. Centricity Wealth Management LLC bought a new position in ConocoPhillips in the fourth quarter worth about $27,000. Truvestments Capital LLC purchased a new stake in shares of ConocoPhillips during the third quarter valued at about $31,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of ConocoPhillips in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Up 0.2 %

ConocoPhillips stock opened at $102.44 on Wednesday. ConocoPhillips has a 52 week low of $86.81 and a 52 week high of $135.18. The firm has a market cap of $130.34 billion, a price-to-earnings ratio of 13.15, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The business’s 50-day moving average price is $99.12 and its 200 day moving average price is $103.31. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36.

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

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips’s payout ratio is currently 40.05%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on COP shares. Mizuho raised ConocoPhillips from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $132.00 to $134.00 in a research report on Monday, December 16th. TD Cowen started coverage on ConocoPhillips in a research report on Friday, January 17th. They set a “buy” rating and a $125.00 target price on the stock. The Goldman Sachs Group set a $132.00 price target on ConocoPhillips in a report on Thursday, January 30th. Evercore ISI restated an “outperform” rating and set a $165.00 price objective on shares of ConocoPhillips in a report on Friday, December 6th. Finally, Morgan Stanley started coverage on shares of ConocoPhillips in a research report on Monday, December 16th. They issued an “overweight” rating and a $128.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.05.

About ConocoPhillips

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.