Frazier Financial Advisors LLC Takes Position in ConocoPhillips (NYSE:COP)

Frazier Financial Advisors LLC purchased a new stake in ConocoPhillips (NYSE:COP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 289 shares of the energy producer’s stock, valued at approximately $34,000.

Several other hedge funds also recently made changes to their positions in COP. Orion Capital Management LLC bought a new stake in ConocoPhillips during the third quarter valued at $27,000. West Branch Capital LLC boosted its stake in ConocoPhillips by 87.8% during the fourth quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after buying an additional 108 shares during the period. Sachetta LLC bought a new stake in ConocoPhillips during the fourth quarter valued at $27,000. Oliver Lagore Vanvalin Investment Group boosted its stake in ConocoPhillips by 63.1% during the third quarter. Oliver Lagore Vanvalin Investment Group now owns 287 shares of the energy producer’s stock valued at $34,000 after buying an additional 111 shares during the period. Finally, Private Wealth Management Group LLC bought a new stake in ConocoPhillips during the fourth quarter valued at $34,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the transaction, the executive vice president now owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Nicholas G. Olds sold 12,150 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $126.44, for a total value of $1,536,246.00. Following the completion of the transaction, the executive vice president now owns 14,522 shares of the company’s stock, valued at approximately $1,836,161.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Michael Lance sold 607,000 shares of the stock in a transaction that occurred on Monday, March 25th. The stock was sold at an average price of $125.91, for a total value of $76,427,370.00. Following the completion of the transaction, the chief executive officer now directly owns 6,780 shares of the company’s stock, valued at approximately $853,669.80. The disclosure for this sale can be found here. Insiders sold 664,350 shares of company stock valued at $83,537,680 in the last 90 days. Insiders own 0.34% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on COP. Barclays began coverage on ConocoPhillips in a report on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 price objective for the company. Wells Fargo & Company upped their price objective on ConocoPhillips from $149.00 to $151.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Mizuho upped their price objective on ConocoPhillips from $139.00 to $142.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Scotiabank upped their price objective on ConocoPhillips from $120.00 to $135.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Finally, UBS Group upped their price objective on ConocoPhillips from $138.00 to $143.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Five analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $143.24.

ConocoPhillips Trading Down 0.2 %

COP traded down $0.19 during midday trading on Thursday, reaching $118.00. 906,196 shares of the company’s stock traded hands, compared to its average volume of 5,255,704. The firm has a fifty day moving average of $126.02 and a two-hundred day moving average of $117.74. The stock has a market capitalization of $138.00 billion, a price-to-earnings ratio of 13.39, a P/E/G ratio of 2.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.35 and a quick ratio of 1.21. ConocoPhillips has a 52 week low of $98.38 and a 52 week high of $135.18.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Monday, May 13th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Friday, May 10th. ConocoPhillips’s payout ratio is 26.27%.

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.