ConocoPhillips (NYSE:COP) Shares Bought by Lido Advisors LLC

Lido Advisors LLC boosted its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 149.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,079 shares of the energy producer's stock after buying an additional 110,781 shares during the period. Lido Advisors LLC's holdings in ConocoPhillips were worth $18,354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Albion Financial Group UT increased 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 valued at $25,000 after acquiring an additional 228 shares during the period. Murphy & Mullick Capital Management Corp purchased a new stake in ConocoPhillips in the fourth quarter valued at $26,000. Centricity Wealth Management LLC purchased a new stake in ConocoPhillips in the fourth quarter valued at $27,000. Crowley Wealth Management Inc. purchased a new stake in ConocoPhillips in the fourth quarter valued at $32,000. Finally, Global Wealth Strategies & Associates boosted its position in ConocoPhillips by 80.5% during the fourth quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock worth $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.

ConocoPhillips Trading Up 1.8 %

Shares of COP stock traded up $1.59 on Thursday, reaching $90.71. 8,027,447 shares of the stock were exchanged, compared to its average volume of 7,175,847. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $125.22. The stock has a market cap of $114.67 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 0.79 and a beta of 0.83. 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 firm has a 50 day moving average of $94.05 and a two-hundred day moving average of $100.26.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. On average, research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 17th were given a $0.78 dividend. The ex-dividend date was Friday, February 14th. This represents a $3.12 dividend on an annualized basis and a yield of 3.44%. ConocoPhillips's payout ratio is currently 40.05%.

Wall Street Analysts Forecast Growth

COP has been the subject of several research analyst reports. UBS Group reduced their target price on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. 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. Susquehanna set a $136.00 price target on ConocoPhillips in a report on Tuesday, April 22nd. Wells Fargo & Company lowered their price target on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Finally, The Goldman Sachs Group set a $132.00 target price on ConocoPhillips in a research note on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, ConocoPhillips has an average rating of "Moderate Buy" and a consensus 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.