Avior Wealth Management LLC Sells 16,134 Shares of ConocoPhillips (NYSE:COP)

Avior Wealth Management LLC lessened its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 48.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,099 shares of the energy producer's stock after selling 16,134 shares during the quarter. Avior Wealth Management LLC's holdings in ConocoPhillips were worth $1,796,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in COP. Murphy & Mullick Capital Management Corp bought a new position in ConocoPhillips in the 4th quarter valued at about $26,000. Centricity Wealth Management LLC bought a new position in ConocoPhillips in the 4th quarter valued at about $27,000. 10Elms LLP bought a new position in ConocoPhillips in the 4th quarter valued at about $28,000. Crowley Wealth Management Inc. bought a new position in ConocoPhillips in the 4th quarter valued at about $32,000. Finally, Marshall Investment Management LLC bought a new position in ConocoPhillips in the 4th quarter valued at about $36,000. Institutional investors own 82.36% of the company's stock.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, EVP Kirk L. Johnson acquired 5,300 shares of ConocoPhillips stock in a transaction that occurred on Monday, June 16th. The stock was acquired at an average cost of $94.24 per share, for a total transaction of $499,472.00. Following the purchase, the executive vice president now owns 14,527 shares of the company's stock, valued at approximately $1,369,024.48. This represents a 57.44% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.24% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Susquehanna dropped their price target on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a research report on Monday, May 12th. Wells Fargo & Company dropped their price target on shares of ConocoPhillips from $116.00 to $113.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 14th. Raymond James Financial reissued an "outperform" rating and set a $109.00 target price (up previously from $103.00) on shares of ConocoPhillips in a research report on Tuesday, May 20th. Mizuho dropped their target price on shares of ConocoPhillips from $127.00 to $125.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. Finally, Royal Bank Of Canada dropped their target price on shares of ConocoPhillips from $120.00 to $115.00 and set an "outperform" rating on the stock in a research report on Friday, May 30th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, ConocoPhillips has an average rating of "Moderate Buy" and an average price target of $121.30.

ConocoPhillips Trading Up 1.0%

Shares of COP stock opened at $94.76 on Friday. The company has a 50 day moving average of $89.65 and a 200-day moving average of $95.52. The company has a quick ratio of 1.13, a current ratio of 1.27 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $118.40. The firm has a market cap of $119.79 billion, a P/E ratio of 12.04, a PEG ratio of 2.54 and a beta of 0.61.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.04. ConocoPhillips had a net margin of 16.02% and a return on equity of 16.54%. The business had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. During the same period in the previous year, the business earned $2.05 EPS. Sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 19th were paid a $0.78 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.29%. ConocoPhillips's dividend payout ratio is 39.64%.

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.

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