Bison Wealth LLC Sells 35,427 Shares of ConocoPhillips (NYSE:COP)

Bison Wealth LLC trimmed its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 85.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,842 shares of the energy producer's stock after selling 35,427 shares during the period. Bison Wealth LLC's holdings in ConocoPhillips were worth $579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of COP. Navigoe LLC bought a new position in ConocoPhillips during the fourth quarter valued at $59,000. Triumph Capital Management lifted its holdings in shares of ConocoPhillips by 6.7% in the 4th quarter. Triumph Capital Management now owns 2,364 shares of the energy producer's stock valued at $234,000 after acquiring an additional 149 shares during the last quarter. Kapitalo Investimentos Ltda grew its position in ConocoPhillips by 24.7% in the fourth quarter. Kapitalo Investimentos Ltda now owns 4,459 shares of the energy producer's stock worth $442,000 after acquiring an additional 883 shares in the last quarter. Regal Partners Ltd increased its stake in ConocoPhillips by 190.6% during the fourth quarter. Regal Partners Ltd now owns 48,223 shares of the energy producer's stock worth $4,782,000 after acquiring an additional 31,631 shares during the last quarter. Finally, Utah Retirement Systems raised its position in ConocoPhillips by 10.8% during the fourth quarter. Utah Retirement Systems now owns 214,631 shares of the energy producer's stock valued at $21,285,000 after purchasing an additional 20,881 shares during the period. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Trading Up 0.9 %

NYSE:COP traded up $0.81 during midday trading on Friday, hitting $91.46. The stock had a trading volume of 6,895,414 shares, compared to its average volume of 7,181,461. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $93.78 and a 200 day moving average of $100.00. The company has a market capitalization of $115.62 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 0.79 and a beta of 0.83. ConocoPhillips has a one year low of $79.88 and a one year high of $125.22.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) 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, sell-side analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's dividend payout ratio (DPR) is 40.05%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on COP shares. JPMorgan Chase & Co. dropped their target price on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a report on Thursday, March 13th. Scotiabank lowered their price target on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Susquehanna set a $136.00 price objective on shares of ConocoPhillips in a research report on Tuesday, April 22nd. Wells Fargo & Company reduced their target price on shares of ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 15th. Finally, TD Cowen began coverage on shares of ConocoPhillips in a research note on Friday, January 17th. They set a "buy" rating and a $125.00 price target for the company. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $124.79.

ConocoPhillips Company 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.