HB Wealth Management LLC Buys 8,124 Shares of ConocoPhillips $COP

HB Wealth Management LLC raised its stake in shares of ConocoPhillips (NYSE:COP) by 17.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,293 shares of the energy producer’s stock after acquiring an additional 8,124 shares during the period. HB Wealth Management LLC’s holdings in ConocoPhillips were worth $5,136,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of COP. Heartland Bank & Trust Co increased its position in shares of ConocoPhillips by 97.2% during the 2nd quarter. Heartland Bank & Trust Co now owns 6,861 shares of the energy producer’s stock valued at $616,000 after purchasing an additional 3,381 shares during the last quarter. D.A. Davidson & CO. grew its position in ConocoPhillips by 12.1% during the third quarter. D.A. Davidson & CO. now owns 140,829 shares of the energy producer’s stock valued at $13,321,000 after buying an additional 15,202 shares during the period. Everpar Advisors LLC increased its holdings in ConocoPhillips by 138.7% during the second quarter. Everpar Advisors LLC now owns 10,413 shares of the energy producer’s stock worth $934,000 after buying an additional 6,051 shares during the last quarter. StoneX Group Inc. raised its position in ConocoPhillips by 510.5% in the second quarter. StoneX Group Inc. now owns 29,285 shares of the energy producer’s stock worth $2,628,000 after acquiring an additional 24,488 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in ConocoPhillips by 17.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 154,360 shares of the energy producer’s stock worth $13,927,000 after acquiring an additional 22,827 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ConocoPhillips news, CEO Ryan Michael Lance sold 500,708 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $92.50, for a total value of $46,315,490.00. Following the completion of the transaction, the chief executive officer directly owned 325,972 shares of the company’s stock, valued at $30,152,410. This trade represents a 60.57% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William H. Mcraven purchased 5,768 shares of ConocoPhillips stock in a transaction dated Monday, November 10th. The shares were purchased at an average price of $86.68 per share, with a total value of $499,970.24. Following the completion of the transaction, the director directly owned 5,768 shares in the company, valued at approximately $499,970.24. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.24% of the stock is currently owned by company insiders.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips’ CEO Ryan Lance will attend the White House meeting on Venezuela, putting COP in direct discussions about potential access to Venezuelan oil assets and future investment opportunities. Reuters: ConocoPhillips says CEO will attend White House meeting
• Positive Sentiment: President Trump stated oil companies would spend roughly $100 billion to rebuild Venezuela’s energy sector and indicated the U.S. would decide which firms can operate there — a large potential investment pool for participating majors like COP. Trump: Oil companies will spend $100 billion in Venezuela
• Neutral Sentiment: U.S. energy officials say ConocoPhillips and peers are evaluating what role they could play in Venezuela; this is an exploratory phase with no guarantees of contracts or timing. Financial Post: ConocoPhillips and Exxon look at Venezuela role
• Neutral Sentiment: U.S. Treasury commentary suggests the largest oil companies will likely move more cautiously into Venezuela than independents, implying COP may be slower to deploy capital despite big potential opportunities. Reuters: Bessent says largest oil companies likely move slower
• Negative Sentiment: Analysts are trimming targets on COP: Bernstein cut its price target to $98 (from $116), signaling lowered near-term expectations despite keeping an Outperform rating. InsiderMonkey: Bernstein trims price target on ConocoPhillips
• Negative Sentiment: Wolfe Research also lowered its price target, reflecting analyst caution that may pressure the stock until clarity on cash flows or clear commitments emerge. AmericanBankingNews: Wolfe Research Cuts ConocoPhillips Price Target
• Negative Sentiment: Reports that U.S. oil companies want “serious guarantees” from Washington before making large Venezuelan investments highlight legal/regulatory risk that could delay or limit COP’s participation. Reuters: US oil companies say they need guarantees to invest in Venezuela

ConocoPhillips Price Performance

ConocoPhillips stock opened at $97.44 on Friday. The firm has a market capitalization of $120.40 billion, a P/E ratio of 13.78, a PEG ratio of 2.66 and a beta of 0.32. ConocoPhillips has a one year low of $79.88 and a one year high of $106.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 1.18. The business has a fifty day moving average price of $91.60 and a 200-day moving average price of $92.63.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.20. ConocoPhillips had a return on equity of 13.64% and a net margin of 14.25%.The company had revenue of $15.03 billion for the quarter, compared to analyst estimates of $14.51 billion. During the same period in the previous year, the company posted $1.78 EPS. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a $0.84 dividend. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.4%. ConocoPhillips’s payout ratio is currently 47.52%.

Analyst Ratings Changes

COP has been the subject of a number of research reports. Wolfe Research reduced their target price on shares of ConocoPhillips from $131.00 to $126.00 and set an “outperform” rating for the company in a research report on Monday, January 5th. Morgan Stanley decreased their target price on ConocoPhillips from $122.00 to $117.00 and set an “overweight” rating for the company in a research report on Thursday, November 20th. Mizuho boosted their target price on ConocoPhillips from $120.00 to $121.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Evercore ISI cut their price target on ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating for the company in a research note on Monday, October 6th. Finally, UBS Group lifted their price objective on ConocoPhillips from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Nineteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus price target of $112.96.

ConocoPhillips 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.