4WEALTH Advisors Inc. Acquires New Position in ConocoPhillips (NYSE:COP)

4WEALTH Advisors Inc. acquired a new stake in ConocoPhillips (NYSE:COP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,309 shares of the energy producer's stock, valued at approximately $328,000.

Several other hedge funds also recently bought and sold shares of COP. Albion Financial Group UT lifted its position in ConocoPhillips by 876.9% during the fourth quarter. Albion Financial Group UT now owns 254 shares of the energy producer's stock valued at $25,000 after purchasing an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new stake in ConocoPhillips in the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC bought a new position in ConocoPhillips during the fourth quarter valued at approximately $27,000. Crowley Wealth Management Inc. bought a new stake in shares of ConocoPhillips in the 4th quarter worth approximately $32,000. Finally, Global Wealth Strategies & Associates boosted its stake in shares of ConocoPhillips by 80.5% in the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock valued at $34,000 after purchasing an additional 153 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Raymond James cut ConocoPhillips from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Susquehanna set a $136.00 price target on shares of ConocoPhillips in a research report on Tuesday, April 22nd. Scotiabank decreased their price objective on shares of ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a research report on Friday, April 11th. TD Cowen started coverage on shares of ConocoPhillips in a report on Friday, January 17th. They set a "buy" rating and a $125.00 target price for the company. Finally, Barclays lowered their price target on ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $124.79.

ConocoPhillips Trading Down 4.2 %

COP stock traded down $3.80 during trading on Monday, hitting $87.61. The company had a trading volume of 9,272,704 shares, compared to its average volume of 7,189,834. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $125.22. The firm has a market capitalization of $110.75 billion, a P/E ratio of 11.25, a PEG ratio of 0.79 and a beta of 0.64. The company has a 50 day simple moving average of $93.78 and a 200-day simple moving average of $99.95. 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 - Get Free Report) last posted its earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share for the quarter, topping analysts' consensus estimates of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. As a group, research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 17th were given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 3.56%. The ex-dividend date was Friday, February 14th. ConocoPhillips's dividend payout ratio is currently 40.05%.

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.