ConocoPhillips $COP Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its holdings in ConocoPhillips (NYSE:COP) by 13.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 544,931 shares of the energy producer’s stock after selling 87,686 shares during the period. Allspring Global Investments Holdings LLC’s holdings in ConocoPhillips were worth $52,695,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Capital International Investors increased its position in shares of ConocoPhillips by 18.2% during the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock worth $4,318,239,000 after acquiring an additional 7,037,873 shares during the period. Ameriprise Financial Inc. grew its stake in ConocoPhillips by 31.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock worth $966,267,000 after purchasing an additional 2,575,803 shares in the last quarter. Primecap Management Co. CA grew its stake in ConocoPhillips by 31.3% during the 3rd quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer’s stock worth $979,102,000 after purchasing an additional 2,467,555 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in ConocoPhillips during the 3rd quarter worth about $135,265,000. Finally, First Trust Advisors LP raised its position in ConocoPhillips by 146.6% in the 2nd quarter. First Trust Advisors LP now owns 2,315,757 shares of the energy producer’s stock valued at $207,816,000 after purchasing an additional 1,376,509 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Jefferies Financial Group lifted their price objective on ConocoPhillips from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Susquehanna raised their target price on shares of ConocoPhillips from $115.00 to $121.00 and gave the company a “positive” rating in a report on Friday, February 6th. Wall Street Zen upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Wolfe Research boosted their price target on shares of ConocoPhillips from $122.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, Mizuho increased their price objective on shares of ConocoPhillips from $121.00 to $136.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.76.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $128.49 on Thursday. The stock’s 50-day simple moving average is $114.62 and its 200-day simple moving average is $99.91. The firm has a market capitalization of $156.61 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.56 and a beta of 0.18. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $135.87. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.14 and a current ratio of 1.30.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.21). The business had revenue of $13.86 billion during the quarter, compared to analyst estimates of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period last year, the company earned $1.98 earnings per share. As a group, equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were issued a $0.84 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $3.36 annualized dividend and a dividend yield of 2.6%. ConocoPhillips’s dividend payout ratio is presently 53.00%.

Insider Transactions at ConocoPhillips

In related news, EVP Nicholas G. Olds sold 14,522 shares of ConocoPhillips stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $119.36, for a total transaction of $1,733,345.92. Following the sale, the executive vice president directly owned 12,389 shares in the company, valued at $1,478,751.04. This trade represents a 53.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy A. Leach sold 40,000 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $118.79, for a total transaction of $4,751,600.00. Following the completion of the sale, the director directly owned 411,211 shares of the company’s stock, valued at approximately $48,847,754.69. This trade represents a 8.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 621,670 shares of company stock worth $78,320,133. Insiders own 0.24% of the company’s stock.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Zacks upgraded ConocoPhillips from “strong sell” to “hold,” and an analyst upgrade helped push COP to a new 1‑year high earlier — a catalyst that supported recent upside in the shares. Zacks Upgrade
• Positive Sentiment: Local Permian Basin community engagement (small-business training) is modestly positive for Permian operations and PR, though it is unlikely to move the stock materially on its own. Permian Training Program
• Neutral Sentiment: Goldman Sachs published bullish views on several dividend-paying energy names; broad positive analyst sentiment toward integrated/producer names can support sector flows, but the article does not single out COP for a specific rating change. Goldman Sachs Energy Picks
• Neutral Sentiment: Coverage of ExxonMobil’s advantaged upstream assets highlights why some investors may favor XOM’s growth/return profile; this competitor focus can reallocate capital within the sector away from peers like COP. Exxon Upstream Assets
• Negative Sentiment: Market reports show COP shares falling on the session amid broad market moves — headline pieces note a -2.7% session decline as investors trim positions after the recent run-up. Zacks: COP Stock Sinks
• Negative Sentiment: Analysts and traders cite an unwind of the geopolitical/war premium (Iran de‑escalation hopes), which reduced WTI crude and pressured COP shares that benefited from higher risk-premium levels. Benzinga: Unwinding War Premium

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.