Investors Asset Management of Georgia Inc. GA ADV Boosts Stake in ConocoPhillips (NYSE:COP)

Investors Asset Management of Georgia Inc. GA ADV grew its position in ConocoPhillips (NYSE:COP) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,562 shares of the energy producer’s stock after acquiring an additional 600 shares during the quarter. Investors Asset Management of Georgia Inc. GA ADV’s holdings in ConocoPhillips were worth $1,694,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of COP. Orion Capital Management LLC purchased a new stake in ConocoPhillips during the third quarter valued at $27,000. West Branch Capital LLC lifted its holdings in shares of ConocoPhillips by 87.8% in the 4th quarter. West Branch Capital LLC now owns 231 shares of the energy producer’s stock valued at $27,000 after acquiring an additional 108 shares during the last quarter. RVW Wealth LLC purchased a new position in ConocoPhillips in the third quarter worth about $28,000. Fairfield Bush & CO. bought a new stake in ConocoPhillips during the first quarter worth approximately $31,000. Finally, Oliver Lagore Vanvalin Investment Group increased 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 worth $34,000 after acquiring an additional 111 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COP has been the subject of several analyst reports. Mizuho restated a “neutral” rating and issued a $139.00 target price (up previously from $132.00) on shares of ConocoPhillips in a report on Friday, March 22nd. Morgan Stanley boosted their target price on ConocoPhillips from $123.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. Wells Fargo & Company increased their price target on ConocoPhillips from $141.00 to $149.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Susquehanna dropped their price objective on ConocoPhillips from $152.00 to $133.00 and set a “positive” rating for the company in a report on Friday, January 26th. Finally, Barclays initiated coverage on ConocoPhillips in a research note on Wednesday, April 10th. They issued an “overweight” rating and a $158.00 target price on the stock. Five research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $142.00.

ConocoPhillips Stock Down 0.4 %

Shares of NYSE:COP traded down $0.54 during trading hours on Thursday, hitting $127.79. The company’s stock had a trading volume of 1,747,133 shares, compared to its average volume of 5,426,694. The firm’s fifty day moving average price is $119.92 and its 200 day moving average price is $117.01. ConocoPhillips has a 52 week low of $95.70 and a 52 week high of $135.18. The company has a market capitalization of $150.33 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 2.77 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.43 and a quick ratio of 1.29.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 8th. The energy producer reported $2.40 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.32. The company had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $14.47 billion. ConocoPhillips had a net margin of 18.71% and a return on equity of 22.08%. During the same quarter in the previous year, the firm posted $2.71 earnings per share. As a group, research analysts expect that ConocoPhillips will post 9.35 EPS for the current year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $3.12 dividend on an annualized basis and a yield of 2.44%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.58. ConocoPhillips’s dividend payout ratio (DPR) is presently 25.61%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, EVP Nicholas G. Olds sold 12,150 shares of the stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $126.44, for a total transaction of $1,536,246.00. Following the completion of the sale, the executive vice president now directly owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Heather G. Hrap sold 4,548 shares of the company’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $110.55, for a total transaction of $502,781.40. Following the transaction, the senior vice president now owns 2,654 shares in the company, valued at $293,399.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Nicholas G. Olds sold 12,150 shares of ConocoPhillips 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 sale, the executive vice president now owns 14,522 shares of the company’s stock, valued at $1,836,161.68. The disclosure for this sale can be found here. Insiders have sold 700,775 shares of company stock worth $87,615,169 over the last quarter. Insiders own 0.34% of the company’s stock.

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.