Heartland Bank & Trust Co acquired a new stake in shares of ConocoPhillips (NYSE:COP – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 6,917 shares of the energy producer’s stock, valued at approximately $719,000.
Other hedge funds also recently made changes to their positions in the company. Capital International Investors raised its position in ConocoPhillips by 5.9% during the fourth quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock valued at $4,527,230,000 after purchasing an additional 2,714,663 shares in the last quarter. BlackRock Inc. increased its position in shares of ConocoPhillips by 3.0% during the 2nd quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer’s stock valued at $9,760,436,000 after purchasing an additional 2,712,703 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of ConocoPhillips by 229.2% during the 4th quarter. AQR Capital Management LLC now owns 3,595,177 shares of the energy producer’s stock valued at $336,544,000 after buying an additional 2,503,156 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of ConocoPhillips by 207.9% during the 1st quarter. Janus Henderson Group PLC now owns 3,697,232 shares of the energy producer’s stock valued at $488,030,000 after buying an additional 2,496,606 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in ConocoPhillips by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock worth $3,880,151,000 after buying an additional 2,350,645 shares during the last quarter. 82.36% of the stock is owned by institutional investors.
ConocoPhillips Stock Up 0.4%
Shares of NYSE COP opened at $135.45 on Friday. The firm’s fifty day moving average is $115.30 and its 200 day moving average is $117.66. ConocoPhillips has a 52 week low of $85.57 and a 52 week high of $135.88. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The company has a market cap of $162.72 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 1.43 and a beta of 0.11.
ConocoPhillips Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, August 17th. ConocoPhillips’s dividend payout ratio (DPR) is currently 44.44%.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Wells Fargo & Company upped their target price on ConocoPhillips from $183.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Roth Capital upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $124.00 to $130.00 in a report on Monday, June 22nd. Jefferies Financial Group boosted their price objective on shares of ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Susquehanna lifted their target price on shares of ConocoPhillips from $155.00 to $161.00 and gave the stock a “positive” rating in a research report on Tuesday, August 11th. Finally, Freedom Capital raised shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $139.21.
Get Our Latest Stock Analysis on COP
More ConocoPhillips News
Here are the key news stories impacting ConocoPhillips this week:
- Positive Sentiment: ConocoPhillips reported adjusted earnings of $3.24 per share, exceeding the $2.90 consensus estimate, while revenue reached $19.52 billion. The company also generated $7.2 billion in operating cash flow, doubled share repurchases and declared an $0.84 quarterly dividend, reinforcing confidence in cash generation and shareholder returns. ConocoPhillips Beats Earnings and Names New CEO
- Positive Sentiment: Higher crude prices have supported a broader energy-sector rally and improved the near-term earnings outlook for upstream producers such as COP. Analysts have also issued mostly favorable ratings, with a reported median price target of $146. ConocoPhillips Gains as Higher Oil Prices Add to Post-Earnings Momentum
- Positive Sentiment: Investors see additional upside if the company successfully executes its LNG strategy and Willow development. One analysis estimates COP could be approximately 6% below fair value under that growth scenario. ConocoPhillips Could Be 6% Below Fair Value If LNG and Willow Deliver
- Neutral Sentiment: Management is undergoing succession changes, including CEO Ryan Lance’s retirement and internal finance leadership appointments. The insider promotions provide continuity, but investors will monitor whether the new leadership maintains disciplined capital allocation. ConocoPhillips Gives Finance Chief Role to Insider
- Negative Sentiment: After its sharp advance, COP trades at a premium valuation, increasing sensitivity to oil prices and execution. Recent disclosures also show substantial insider selling, which could temper enthusiasm even though institutional and analyst activity remains broadly supportive. Is ConocoPhillips Stock a Buy as Growth Meets a Premium Valuation?
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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