Coign Capital Advisors LLC Invests $545,000 in ConocoPhillips (NYSE:COP)

Coign Capital Advisors LLC purchased a new stake in shares of ConocoPhillips (NYSE:COP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,496 shares of the energy producer's stock, valued at approximately $545,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Tidal Investments LLC grew its position in ConocoPhillips by 42.7% in the 3rd quarter. Tidal Investments LLC now owns 103,553 shares of the energy producer's stock valued at $10,902,000 after buying an additional 31,011 shares in the last quarter. Leavell Investment Management Inc. boosted its stake in ConocoPhillips by 59.8% during the 4th quarter. Leavell Investment Management Inc. now owns 19,166 shares of the energy producer's stock valued at $1,901,000 after purchasing an additional 7,174 shares in the last quarter. Brookstone Capital Management increased its position in shares of ConocoPhillips by 4.5% during the 4th quarter. Brookstone Capital Management now owns 8,855 shares of the energy producer's stock valued at $878,000 after purchasing an additional 383 shares during the period. Principal Financial Group Inc. raised its stake in shares of ConocoPhillips by 2.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,474,270 shares of the energy producer's stock worth $155,211,000 after buying an additional 32,948 shares in the last quarter. Finally, Fiduciary Alliance LLC lifted its holdings in shares of ConocoPhillips by 13.6% in the fourth quarter. Fiduciary Alliance LLC now owns 186,535 shares of the energy producer's stock valued at $18,499,000 after buying an additional 22,378 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

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ConocoPhillips Stock Down 0.7 %

ConocoPhillips stock traded down $0.60 during mid-day trading on Tuesday, hitting $85.85. 2,230,594 shares of the company's stock were exchanged, compared to its average volume of 7,045,703. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $132.61. The stock has a 50 day moving average of $96.24 and a two-hundred day moving average of $101.91. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36. The stock has a market cap of $108.53 billion, a P/E ratio of 11.02, a P/E/G ratio of 0.79 and a beta of 0.83.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The energy producer reported $1.98 EPS for the quarter, beating 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 anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $3.12 annualized dividend and a dividend yield of 3.63%. ConocoPhillips's dividend payout ratio is presently 40.05%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COP. The Goldman Sachs Group set a $132.00 price objective on shares of ConocoPhillips in a research note on Thursday, January 30th. Raymond James cut ConocoPhillips from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $157.00 to $124.00 in a report on Monday, February 10th. Mizuho upgraded ConocoPhillips from a "neutral" rating to an "outperform" rating and lifted their target price for the stock from $132.00 to $134.00 in a report on Monday, December 16th. Barclays reduced their target price on ConocoPhillips from $137.00 to $135.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Finally, Wells Fargo & Company dropped their price target on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $128.84.

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.