Aviance Capital Partners LLC Invests $705,000 in ConocoPhillips (NYSE:COP)

Aviance Capital Partners LLC purchased a new stake in ConocoPhillips (NYSE:COP) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,537 shares of the energy producer’s stock, valued at approximately $705,000.

A number of other large investors also recently bought and sold shares of the business. Cardinal Capital Management Inc. purchased a new position in shares of ConocoPhillips during the 4th quarter valued at approximately $13,468,000. Columbia Trust Co 01012016 lifted its holdings in ConocoPhillips by 1.2% during the fourth quarter. Columbia Trust Co 01012016 now owns 9,463 shares of the energy producer’s stock valued at $1,098,000 after purchasing an additional 112 shares in the last quarter. Raymond James & Associates grew its position in shares of ConocoPhillips by 1.5% in the fourth quarter. Raymond James & Associates now owns 1,563,044 shares of the energy producer’s stock valued at $181,422,000 after purchasing an additional 23,572 shares during the period. Harbor Investment Advisory LLC increased its stake in shares of ConocoPhillips by 2.2% during the first quarter. Harbor Investment Advisory LLC now owns 9,697 shares of the energy producer’s stock worth $1,234,000 after purchasing an additional 212 shares in the last quarter. Finally, Quotient Wealth Partners LLC acquired a new position in shares of ConocoPhillips during the 4th quarter worth about $5,594,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Down 0.0 %

Shares of NYSE COP opened at $114.37 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.35 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $118.30 and its two-hundred day moving average is $117.62. ConocoPhillips has a 52-week low of $99.35 and a 52-week high of $135.18. The firm has a market cap of $133.76 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 2.04 and a beta of 1.24.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, May 2nd. The energy producer reported $2.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.99 by $0.04. The firm had revenue of $14.48 billion for the quarter, compared to analyst estimates of $14.72 billion. ConocoPhillips had a return on equity of 20.85% and a net margin of 18.40%. Research analysts predict that ConocoPhillips will post 8.89 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 13th were issued a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, May 10th. ConocoPhillips’s dividend payout ratio (DPR) is currently 26.27%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Piper Sandler lifted their price objective on ConocoPhillips from $145.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, April 18th. Mizuho dropped their price target on ConocoPhillips from $142.00 to $132.00 and set a “neutral” rating for the company in a research report on Wednesday, June 5th. Barclays raised their price objective on ConocoPhillips from $158.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, May 30th. Raymond James reiterated a “strong-buy” rating and issued a $159.00 target price (up from $155.00) on shares of ConocoPhillips in a research report on Thursday, May 30th. Finally, Argus upgraded shares of ConocoPhillips to a “strong-buy” rating in a research report on Friday, June 7th. Four equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus target price of $144.18.

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.