Freestone Capital Holdings LLC Sells 4,787 Shares of ConocoPhillips $COP

Freestone Capital Holdings LLC cut its position in ConocoPhillips (NYSE:COP) by 11.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 36,291 shares of the energy producer’s stock after selling 4,787 shares during the period. Freestone Capital Holdings LLC’s holdings in ConocoPhillips were worth $3,397,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in ConocoPhillips in the third quarter worth about $26,000. Strive Asset Management LLC bought a new position in ConocoPhillips in the third quarter worth about $28,000. Board of the Pension Protection Fund bought a new position in ConocoPhillips in the fourth quarter worth about $28,000. Cedar Mountain Advisors LLC raised its holdings in ConocoPhillips by 58.0% in the third quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock worth $30,000 after purchasing an additional 116 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new position in ConocoPhillips in the third quarter worth about $28,000. 82.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other ConocoPhillips news, SVP Heather G. Hrap sold 2,654 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $317,630.72. Following the sale, the senior vice president owned 5,663 shares in the company, valued at approximately $677,747.84. This represents a 31.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the company’s stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total value of $1,001,231.00. Following the completion of the sale, the senior vice president owned 25,284 shares in the company, valued at approximately $3,287,678.52. This represents a 23.34% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 734,891 shares of company stock worth $93,345,692. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on COP shares. Wall Street Zen upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Truist Financial started coverage on shares of ConocoPhillips in a report on Tuesday, March 24th. They set a “hold” rating and a $124.00 price objective on the stock. Zacks Research upgraded shares of ConocoPhillips from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Royal Bank Of Canada upped their price objective on shares of ConocoPhillips from $118.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Finally, Sanford C. Bernstein upped their price objective on shares of ConocoPhillips from $98.00 to $121.00 and gave the company an “outperform” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $129.24.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $123.37 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35. ConocoPhillips has a twelve month low of $84.28 and a twelve month high of $135.87. The company’s 50 day moving average is $118.90 and its 200 day moving average is $101.85. The company has a market cap of $150.37 billion, a PE ratio of 19.46, a price-to-earnings-growth ratio of 2.37 and a beta of 0.19.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.21). ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The company had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.35 billion. During the same quarter in the prior year, the company posted $1.98 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, sell-side analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were given a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio is currently 53.00%.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Geopolitical shock: reports that the U.S. ordered a blockade of the Strait of Hormuz sent oil sharply higher (media cites ~7% move), which directly boosts near‑term revenue and cashflow for producers like COP. Oil Surges on Hormuz Blockade
• Positive Sentiment: Big analyst upside: Jefferies raised its ConocoPhillips price target to $160 and kept a Buy — a material upside signal that can attract flows into COP. Jefferies Raises PT to $160
• Positive Sentiment: Asset-opportunity hunt: ConocoPhillips sent a team to Venezuela to evaluate oil and gas opportunities — potential for long‑term resource additions if deals/terms prove viable (political/operational risk remains). COP Team Heads to Venezuela
• Positive Sentiment: Sector thesis: bullish commentary (e.g., Seeking Alpha) argues a prolonged Iran‑related conflict would be a major profit catalyst for COP given higher oil prices and its upstream exposure. This is a higher‑risk, higher‑reward scenario. COP: Iran War Could Be Catalyst
• Neutral Sentiment: Value/ratings signals: Zacks ranks COP as a top value stock (style-score driven), and BarChart pieces suggest current pullbacks as a buying opportunity — these are longer‑term/quant signals rather than immediate catalysts. Zacks: COP Top-Ranked Value
• Neutral Sentiment: Goldman Sachs published an oil‑stock list for a prolonged Middle East conflict; inclusion or favor from large banks supports sector interest but is not an immediate company‑specific catalyst. Goldman Sachs Oil Picks
• Negative Sentiment: Mixed/tempered outlook from another shop: Sanford C. Bernstein raised its target from $98 to $121 but that sits slightly below recent prices — a reminder some analysts still see limited near-term upside versus the rally. Bernstein Raises PT to $121

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.