Advyzon Investment Management LLC Takes $259,000 Position in ConocoPhillips (NYSE:COP)

Advyzon Investment Management LLC bought a new position in ConocoPhillips (NYSE:COP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,610 shares of the energy producer's stock, valued at approximately $259,000.

Other institutional investors and hedge funds have also modified their holdings of the company. AMF Tjanstepension AB raised its position in ConocoPhillips by 4.7% in the 3rd quarter. AMF Tjanstepension AB now owns 1,163,724 shares of the energy producer's stock worth $122,628,000 after purchasing an additional 52,334 shares during the last quarter. Foundations Investment Advisors LLC raised its position in ConocoPhillips by 2.1% in the 3rd quarter. Foundations Investment Advisors LLC now owns 12,268 shares of the energy producer's stock worth $1,292,000 after purchasing an additional 256 shares during the last quarter. Greenleaf Trust raised its position in ConocoPhillips by 28.9% in the 3rd quarter. Greenleaf Trust now owns 26,343 shares of the energy producer's stock worth $2,773,000 after purchasing an additional 5,899 shares during the last quarter. Courier Capital LLC raised its position in ConocoPhillips by 5.7% in the 3rd quarter. Courier Capital LLC now owns 20,378 shares of the energy producer's stock worth $2,145,000 after purchasing an additional 1,095 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in ConocoPhillips by 10,634.2% in the 3rd quarter. International Assets Investment Management LLC now owns 1,205,666 shares of the energy producer's stock worth $126,933,000 after purchasing an additional 1,194,434 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director R A. Walker acquired 10,400 shares of ConocoPhillips stock in a transaction dated Tuesday, December 17th. The stock was bought at an average cost of $97.80 per share, for a total transaction of $1,017,120.00. Following the purchase, the director now directly owns 38,000 shares in the company, valued at approximately $3,716,400. This represents a 37.68 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Arjun N. Murti acquired 2,500 shares of ConocoPhillips stock in a transaction dated Friday, December 20th. The shares were acquired at an average price of $95.87 per share, with a total value of $239,675.00. Following the completion of the purchase, the director now owns 21,500 shares in the company, valued at approximately $2,061,205. The trade was a 13.16 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.34% of the company's stock.

ConocoPhillips Trading Down 4.0 %

Shares of COP stock traded down $4.10 on Friday, hitting $97.90. The stock had a trading volume of 8,561,843 shares, compared to its average volume of 6,781,136. The firm has a market cap of $124.57 billion, a P/E ratio of 12.57, a PEG ratio of 0.78 and a beta of 1.18. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. ConocoPhillips has a twelve month low of $94.23 and a twelve month high of $135.18. The company has a fifty day moving average price of $100.17 and a two-hundred day moving average price of $105.48.

ConocoPhillips (NYSE:COP - Get Free Report) last announced 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 net margin of 16.23% and a return on equity of 17.26%. As a group, analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Monday, February 17th will be paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Friday, February 14th. ConocoPhillips's payout ratio is presently 40.05%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on COP. Morgan Stanley began 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. Wells Fargo & Company dropped their target price on shares of ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. JPMorgan Chase & Co. upgraded shares of ConocoPhillips from a "neutral" rating to an "overweight" rating and upped their target price for the company from $120.00 to $123.00 in a research report on Thursday, December 5th. Susquehanna upped their target price on shares of ConocoPhillips from $144.00 to $148.00 and gave the company a "positive" rating in a research report on Friday, November 1st. Finally, Evercore ISI reiterated an "outperform" rating and set a $165.00 target price on shares of ConocoPhillips in a research report on Friday, December 6th. Two equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $133.56.

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.