Trilogy Capital Inc. trimmed its position in shares of ConocoPhillips (NYSE:COP – Free Report) by 16.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,528 shares of the energy producer’s stock after selling 5,039 shares during the period. Trilogy Capital Inc.’s holdings in ConocoPhillips were worth $2,758,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of COP. AXA S.A. grew its stake in shares of ConocoPhillips by 91.1% in the 2nd quarter. AXA S.A. now owns 84,937 shares of the energy producer’s stock valued at $7,622,000 after buying an additional 40,499 shares in the last quarter. Sei Investments Co. raised its position in ConocoPhillips by 6.1% during the second quarter. Sei Investments Co. now owns 784,368 shares of the energy producer’s stock valued at $70,397,000 after acquiring an additional 44,852 shares in the last quarter. BNP Paribas bought a new position in ConocoPhillips during the second quarter valued at approximately $33,000. Osterweis Capital Management Inc. acquired a new stake in ConocoPhillips in the second quarter valued at approximately $151,000. Finally, Main Street Financial Solutions LLC lifted its stake in ConocoPhillips by 53.5% in the second quarter. Main Street Financial Solutions LLC now owns 4,806 shares of the energy producer’s stock valued at $431,000 after acquiring an additional 1,675 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.
ConocoPhillips Price Performance
Shares of ConocoPhillips stock opened at $118.00 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The firm has a fifty day simple moving average of $112.98 and a 200-day simple moving average of $115.35. The stock has a market capitalization of $143.76 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 1.44 and a beta of 0.11. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.87.
Key Stories Impacting ConocoPhillips
- Positive Sentiment: Wall Street remains moderately optimistic about ConocoPhillips, which has outperformed the broader market over the past year. The view supports the stock’s valuation, although analysts’ optimism is not uniformly bullish. ConocoPhillips Stock Outlook: Is Wall Street Bullish or Bearish?
- Positive Sentiment: ConocoPhillips’ Pelto Island reef-restoration project, which adds 650 reef modules to improve fish habitat, highlights the company’s coastal stewardship and may support its environmental reputation and stakeholder relationships. The direct near-term effect on earnings is likely limited. ConocoPhillips Following Pelto Island Reef Project Is the Stock a Bargain?
- Neutral Sentiment: ConocoPhillips is approaching its second-quarter earnings release. Higher oil prices could support revenue and cash flow, but the company’s unhedged production leaves results exposed to commodity-price volatility, while operational disruptions remain a risk. ConocoPhillips Gears Up to Report Q2 Earnings
- Neutral Sentiment: Pre-earnings coverage is focusing on production, margins and other operating metrics beyond revenue and earnings per share. These details could determine the market’s reaction more than headline estimates. Countdown to ConocoPhillips Q2 Earnings
- Negative Sentiment: Reports that oil prices eased on possible U.S.-Iran peace talks are weighing on oil-sensitive producers such as ConocoPhillips. A reduced geopolitical risk premium could pressure crude prices and lower expected upstream cash flow. Why Is ConocoPhillips in Focus as Oil Eases on Iran-US Peace Talks?
Analyst Ratings Changes
COP has been the topic of several analyst reports. BMO Capital Markets dropped their price target on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Zacks Research lowered shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Capital One Financial decreased their price objective on shares of ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday, May 18th. Argus increased their target price on shares of ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, UBS Group cut their target price on ConocoPhillips from $155.00 to $143.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Eighteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.16.
About ConocoPhillips
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.
Featured Stories
- Five stocks we like better than ConocoPhillips
- System Upgrade: First Internet Bancorp Options Surge
- AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push
- The AI Chip Blockade Is Creating a Shadow Market
- Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter
Want to see what other hedge funds are holding COP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP – Free Report).
Receive News & Ratings for ConocoPhillips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ConocoPhillips and related companies with MarketBeat.com's FREE daily email newsletter.
