BI Asset Management Fondsmaeglerselskab A S Sells 7,789 Shares of ConocoPhillips $COP

BI Asset Management Fondsmaeglerselskab A S decreased its stake in shares of ConocoPhillips (NYSE:COP) by 13.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 50,254 shares of the energy producer’s stock after selling 7,789 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in ConocoPhillips were worth $4,754,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in COP. Howard Hughes Medical Institute bought a new stake in ConocoPhillips during the 2nd quarter valued at $25,000. Cloud Capital Management LLC purchased a new position in shares of ConocoPhillips during the third quarter valued at $26,000. Bogart Wealth LLC raised its holdings in shares of ConocoPhillips by 136.8% in the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after acquiring an additional 182 shares in the last quarter. Cedar Mountain Advisors LLC lifted its stake 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 acquiring an additional 116 shares during the period. Finally, Activest Wealth Management grew its holdings in ConocoPhillips by 249.5% during the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock worth $29,000 after acquiring an additional 232 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Management committed to returning 45% of operating cash flow to shareholders (boosting yield/total-return prospects), supported by strong reported cash generation. ConocoPhillips Stock Still Looks Cheap – What’s The Best Play Here?
• Positive Sentiment: Wells Fargo raised its price target to $133 and kept an overweight rating — a material upside call that can attract momentum buyers. Wells Fargo raises PT to $133
• Neutral Sentiment: CEO Ryan Lance signaled a shift toward organic growth and international expansion (less M&A focus) — a strategic pivot that could change capital allocation and growth tempo over time. Analyst: Focus on organic growth
• Neutral Sentiment: Articles flag a Venezuela monetization-first approach (collect payments/settlements before ramping drilling) — could unlock value but is execution- and timing-dependent. Venezuela strategy piece
• Negative Sentiment: Q4 results missed consensus: non‑GAAP EPS $1.02 vs. estimates (~$1.23) and revenue slightly below expectations; management cited weaker realized oil prices — the miss pressured shares and remains a near-term earnings risk. Reuters: Q4 earnings miss
• Negative Sentiment: JPMorgan’s updated target ($103, neutral) implies limited near-term upside from current levels — a restraint on bullish investor positioning. JPMorgan maintains neutral PT $103

Wall Street Analyst Weigh In

COP has been the subject of several recent research reports. The Goldman Sachs Group boosted their price target on shares of ConocoPhillips from $108.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Wells Fargo & Company boosted their price objective on shares of ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday. Piper Sandler upped their target price on ConocoPhillips from $108.00 to $111.00 and gave the stock an “overweight” rating in a report on Friday. UBS Group lifted their price target on ConocoPhillips from $117.00 to $120.00 and gave the company a “buy” rating in a report on Friday, December 12th. Finally, Sanford C. Bernstein decreased their price objective on ConocoPhillips from $116.00 to $98.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Seventeen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and an average price target of $113.43.

Insider Activity

In related news, CEO Ryan Michael Lance sold 500,708 shares of ConocoPhillips stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the completion of the sale, the chief executive officer owned 325,972 shares of the company’s stock, valued at $30,152,410. The trade was a 60.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director William H. Mcraven purchased 5,768 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average price of $86.68 per share, for a total transaction of $499,970.24. Following the acquisition, the director owned 5,768 shares in the company, valued at $499,970.24. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.24% of the company’s stock.

ConocoPhillips Stock Up 2.6%

NYSE:COP opened at $107.69 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $108.43. The company has a market cap of $133.07 billion, a PE ratio of 16.99 and a beta of 0.32. The company’s 50 day moving average is $96.50 and its two-hundred day moving average is $93.72.

ConocoPhillips (NYSE:COP) last posted 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 for the quarter, compared to analyst estimates of $14.35 billion. During the same quarter in the previous year, the firm posted $1.98 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. Analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.1%. ConocoPhillips’s dividend payout ratio is currently 47.52%.

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.