IPG Investment Advisors LLC Invests $275,000 in ConocoPhillips (NYSE:COP)

IPG Investment Advisors LLC acquired a new stake in ConocoPhillips (NYSE:COP - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,770 shares of the energy producer's stock, valued at approximately $275,000.

A number of other institutional investors also recently bought and sold shares of the stock. Albion Financial Group UT raised its holdings 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 worth $25,000 after buying an additional 228 shares during the last quarter. Murphy & Mullick Capital Management Corp purchased a new position in ConocoPhillips in the 4th quarter worth $26,000. Centricity Wealth Management LLC purchased a new position in ConocoPhillips in the 4th quarter worth $27,000. Crowley Wealth Management Inc. acquired a new stake in ConocoPhillips during the 4th quarter worth about $32,000. Finally, Global Wealth Strategies & Associates grew its stake 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 institutional investors and hedge funds.

ConocoPhillips Price Performance

ConocoPhillips stock traded up $0.44 during trading on Wednesday, reaching $105.83. The company had a trading volume of 2,465,713 shares, compared to its average volume of 6,764,806. The firm has a market capitalization of $134.66 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 0.79 and a beta of 1.12. The firm's 50-day simple moving average is $98.96 and its 200 day simple moving average is $103.31. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a 1-year low of $86.81 and a 1-year high of $135.18.

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

ConocoPhillips Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. JPMorgan Chase & Co. reduced their price objective on ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating for the company in a research note on Thursday, March 13th. Raymond James lowered shares of ConocoPhillips from a "strong-buy" rating to an "outperform" rating and reduced their price target for the stock from $157.00 to $124.00 in a research report on Monday, February 10th. Mizuho raised shares of ConocoPhillips from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $132.00 to $134.00 in a report on Monday, December 16th. Truist Financial raised their target price on shares of ConocoPhillips from $138.00 to $139.00 and gave the stock a "buy" rating in a report on Monday, January 13th. Finally, TD Cowen initiated coverage on shares of ConocoPhillips in a report on Friday, January 17th. They issued a "buy" rating and a $125.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $132.95.

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.