Delos Wealth Advisors LLC Acquires 5,800 Shares of ConocoPhillips (NYSE:COP)

Delos Wealth Advisors LLC increased its stake in ConocoPhillips (NYSE:COP - Free Report) by 472.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,028 shares of the energy producer's stock after acquiring an additional 5,800 shares during the period. Delos Wealth Advisors LLC's holdings in ConocoPhillips were worth $697,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of COP. Albion Financial Group UT increased its position in shares of ConocoPhillips by 876.9% in the fourth 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 bought a new stake in shares of ConocoPhillips in the fourth quarter worth about $26,000. Centricity Wealth Management LLC bought a new stake in shares of ConocoPhillips in the fourth quarter worth about $27,000. Crowley Wealth Management Inc. purchased a new position in ConocoPhillips during the 4th quarter valued at about $32,000. Finally, Global Wealth Strategies & Associates raised its position in ConocoPhillips by 80.5% during the 4th quarter. Global Wealth Strategies & Associates now owns 343 shares of the energy producer's stock valued at $34,000 after purchasing an additional 153 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COP has been the topic of several research analyst reports. Wells Fargo & Company reduced their target price on ConocoPhillips from $132.00 to $128.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. The Goldman Sachs Group set a $132.00 price target on shares of ConocoPhillips in a report on Thursday, January 30th. Morgan Stanley decreased their price objective on shares of ConocoPhillips from $131.00 to $126.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. 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 target price on the stock. Finally, Raymond James downgraded shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and decreased their price target for the stock from $157.00 to $124.00 in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.95.

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ConocoPhillips Stock Up 0.3 %

COP stock traded up $0.29 during trading on Wednesday, hitting $105.68. 2,708,169 shares of the stock traded hands, compared to its average volume of 8,282,381. The stock has a market cap of $134.47 billion, a price-to-earnings ratio of 13.57, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a 1 year low of $86.81 and a 1 year high of $135.18. The firm's 50 day moving average is $98.96 and its two-hundred day moving average is $103.31.

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 for the quarter, beating the consensus estimate of $1.78 by $0.20. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. On average, sell-side analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 17th were issued a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date of this dividend was Friday, February 14th. ConocoPhillips's payout ratio is presently 40.05%.

ConocoPhillips 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.