Stephens Inc. AR reduced its holdings in ConocoPhillips (NYSE:COP – Free Report) by 18.2% during the 4th quarter, Holdings Channel reports. The fund owned 45,972 shares of the energy producer’s stock after selling 10,242 shares during the quarter. Stephens Inc. AR’s holdings in ConocoPhillips were worth $4,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds also recently modified their holdings of the company. Wedge Capital Management L L P NC increased its position in shares of ConocoPhillips by 4.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,570 shares of the energy producer’s stock valued at $241,000 after purchasing an additional 101 shares during the period. Strategic Blueprint LLC increased its position in shares of ConocoPhillips by 1.3% during the 4th quarter. Strategic Blueprint LLC now owns 8,018 shares of the energy producer’s stock valued at $751,000 after purchasing an additional 101 shares during the period. Chesapeake Wealth Management increased its position in shares of ConocoPhillips by 1.5% during the 4th quarter. Chesapeake Wealth Management now owns 7,160 shares of the energy producer’s stock valued at $670,000 after purchasing an additional 103 shares during the period. Oregon Pacific Wealth Management LLC increased its position in shares of ConocoPhillips by 4.5% during the 4th quarter. Oregon Pacific Wealth Management LLC now owns 2,414 shares of the energy producer’s stock valued at $226,000 after purchasing an additional 104 shares during the period. Finally, Redhawk Wealth Advisors Inc. increased its position in shares of ConocoPhillips by 5.1% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 2,231 shares of the energy producer’s stock valued at $209,000 after purchasing an additional 109 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.
ConocoPhillips Stock Performance
Shares of ConocoPhillips stock opened at $122.36 on Monday. The stock has a market cap of $149.07 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.41 and a beta of 0.14. The business has a fifty day simple moving average of $123.07 and a 200-day simple moving average of $106.37. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12 month low of $84.28 and a 12 month high of $135.87.
ConocoPhillips Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is currently 57.05%.
Insider Buying and Selling at ConocoPhillips
In related news, SVP Kelly Brunetti Rose sold 7,700 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the completion of the sale, the senior vice president directly owned 25,284 shares in the company, valued at approximately $3,287,678.52. This trade represents a 23.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andrew D. Lundquist sold 34,500 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $4,128,960.00. Following the sale, the senior vice president owned 17,469 shares of the company’s stock, valued at approximately $2,090,689.92. This represents a 66.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 734,891 shares of company stock valued at $93,345,692 in the last quarter. Corporate insiders own 0.09% of the company’s stock.
Key ConocoPhillips News
Here are the key news stories impacting ConocoPhillips this week:
- Positive Sentiment: Argus raised its price target on ConocoPhillips to $136 from $128 and kept a Buy rating, signaling more upside potential for the shares. MarketScreener
- Positive Sentiment: Scotiabank lifted FY2026 and FY2027 earnings estimates for ConocoPhillips, reflecting improved expectations for the company’s profitability. MarketBeat report
- Positive Sentiment: Norway approved redevelopment plans for the Greater Ekofisk area, and ConocoPhillips also signed an offshore exploration memorandum of understanding in Syria, which could support future reserve and production growth. Yahoo Finance
- Positive Sentiment: Energy stocks broadly moved higher as oil prices stayed firm, which tends to improve sentiment for upstream producers like ConocoPhillips. Yahoo Finance sector update
- Neutral Sentiment: ConocoPhillips’ Q1 earnings-related coverage focused on comparing revenue, EPS, and key metrics with Wall Street estimates, with no major surprise highlighted in the summary provided. Zacks
- Neutral Sentiment: Shareholders approved board governance and auditors at the annual meeting, removing a routine governance overhang but not changing the core investment outlook. TipRanks
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on COP shares. Wells Fargo & Company lifted their price target on ConocoPhillips from $132.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Scotiabank lifted their price target on ConocoPhillips from $100.00 to $125.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Sanford C. Bernstein lifted their price target on ConocoPhillips from $98.00 to $121.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Argus lifted their price target on ConocoPhillips from $128.00 to $136.00 and gave the company a “buy” rating in a research report on Friday. Finally, Roth Mkm cut ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a research report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.16.
Read Our Latest Research Report on COP
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.
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