Aprio Wealth Management LLC Invests $229,000 in ConocoPhillips (NYSE:COP)

Aprio Wealth Management LLC acquired a new position in shares of ConocoPhillips (NYSE:COP – Get Rating) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,943 shares of the energy producer’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prelude Capital Management LLC grew its stake in shares of ConocoPhillips by 123.0% during the 2nd quarter. Prelude Capital Management LLC now owns 37,354 shares of the energy producer’s stock worth $3,355,000 after purchasing an additional 20,605 shares during the period. Renaissance Technologies LLC lifted its position in shares of ConocoPhillips by 67.7% during the 2nd quarter. Renaissance Technologies LLC now owns 931,308 shares of the energy producer’s stock valued at $83,641,000 after buying an additional 375,900 shares in the last quarter. PFS Investments Inc. lifted its position in shares of ConocoPhillips by 12.9% during the 3rd quarter. PFS Investments Inc. now owns 6,431 shares of the energy producer’s stock valued at $658,000 after buying an additional 733 shares in the last quarter. CAPROCK Group Inc. lifted its position in shares of ConocoPhillips by 60.5% during the 3rd quarter. CAPROCK Group Inc. now owns 7,683 shares of the energy producer’s stock valued at $797,000 after buying an additional 2,895 shares in the last quarter. Finally, United Services Automobile Association lifted its position in shares of ConocoPhillips by 2.7% during the 3rd quarter. United Services Automobile Association now owns 48,959 shares of the energy producer’s stock valued at $5,011,000 after buying an additional 1,281 shares in the last quarter. Institutional investors and hedge funds own 81.76% of the company’s stock.

ConocoPhillips Stock Down 2.1 %

NYSE COP opened at $94.39 on Friday. ConocoPhillips has a 52 week low of $78.30 and a 52 week high of $138.49. The company has a quick ratio of 1.36, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $111.37 and its 200-day simple moving average is $115.73. The firm has a market cap of $115.04 billion, a PE ratio of 6.51, a P/E/G ratio of 0.45 and a beta of 1.29.

ConocoPhillips (NYSE:COP – Get Rating) last posted its quarterly earnings results on Thursday, February 2nd. The energy producer reported $2.71 EPS for the quarter, missing the consensus estimate of $2.72 by ($0.01). ConocoPhillips had a return on equity of 35.30% and a net margin of 22.74%. The company had revenue of $19.26 billion for the quarter, compared to analysts’ expectations of $18.16 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The firm’s revenue was up 20.7% on a year-over-year basis. As a group, equities analysts anticipate that ConocoPhillips will post 11.79 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Wednesday, March 29th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Tuesday, March 28th. ConocoPhillips’s payout ratio is 14.06%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COP. StockNews.com began coverage on ConocoPhillips in a research report on Thursday. They set a “hold” rating on the stock. Capital One Financial lowered ConocoPhillips from an “overweight” rating to an “equal weight” rating and set a $102.00 target price on the stock. in a research report on Friday, February 3rd. Societe Generale lowered ConocoPhillips from a “hold” rating to a “sell” rating and increased their target price for the company from $106.00 to $114.00 in a research report on Monday, November 21st. They noted that the move was a valuation call. Citigroup decreased their target price on ConocoPhillips from $160.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, February 27th. Finally, Raymond James decreased their price objective on ConocoPhillips from $150.00 to $135.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average target price of $136.86.

Insider Buying and Selling

In other ConocoPhillips news, Director R A. Walker acquired 4,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The stock was purchased at an average cost of $103.00 per share, with a total value of $494,400.00. Following the transaction, the director now owns 27,600 shares of the company’s stock, valued at $2,842,800. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.08% of the company’s stock.

ConocoPhillips Company Profile

(Get Rating)

ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids, and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska, Lower 48, Canada, Europe, Middle East and North Africa, Asia Pacific, and Other International.