ConocoPhillips $COP Shares Purchased by Advisory Resource Group

Advisory Resource Group raised its position in ConocoPhillips (NYSE:COP) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 239,170 shares of the energy producer’s stock after acquiring an additional 7,319 shares during the period. ConocoPhillips makes up about 3.9% of Advisory Resource Group’s holdings, making the stock its 5th largest position. Advisory Resource Group’s holdings in ConocoPhillips were worth $22,389,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp purchased a new position in shares of ConocoPhillips during the third quarter valued at approximately $28,000. Board of the Pension Protection Fund purchased a new position in shares of ConocoPhillips during the fourth quarter valued at approximately $28,000. Strive Asset Management LLC purchased a new position in shares of ConocoPhillips during the third quarter valued at approximately $28,000. BNP Paribas purchased a new position in shares of ConocoPhillips during the second quarter valued at approximately $33,000. Finally, Optima Capital LLC purchased a new position in shares of ConocoPhillips during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on COP shares. Morgan Stanley lifted their target price on ConocoPhillips from $149.00 to $153.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Mizuho lifted their target price on ConocoPhillips from $136.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Raymond James Financial cut their target price on ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating on the stock in a research report on Monday, June 1st. Barclays lifted their target price on ConocoPhillips from $136.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Finally, Scotiabank lifted their target price on ConocoPhillips from $100.00 to $125.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Seventeen analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $134.48.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $115.41 on Friday. The business’s fifty day simple moving average is $120.86 and its 200 day simple moving average is $110.41. The firm has a market capitalization of $140.60 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 1.33 and a beta of 0.11. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.87. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the company posted $2.09 earnings per share. The business’s revenue was down 6.1% on a year-over-year basis. As a group, analysts anticipate that ConocoPhillips will post 10.03 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Monday, May 11th. ConocoPhillips’s payout ratio is currently 57.05%.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips joined TotalEnergies and QatarEnergy in an MoU with the Syrian Petroleum Company to explore offshore Block 3 in the Mediterranean, which could create a new long-term exploration opportunity if the project advances. Article Title
• Positive Sentiment: Recent commentary on COP remains constructive overall, with some analysts highlighting the company’s resilience and others maintaining upbeat price targets, suggesting Wall Street still sees upside potential over time. Article Title
• Neutral Sentiment: Energy stocks broadly have been stronger this year, and the sector ETF’s gains show investors are still favoring oil and gas names despite recent pullbacks. Article Title
• Neutral Sentiment: ConocoPhillips reported solid last quarter results, beating EPS and revenue estimates, which continues to support the investment case even though year-over-year revenue declined.
• Negative Sentiment: Insider activity has been negative, with a recent director stock sale adding to a pattern of insider selling that can weigh on sentiment. Article Title
• Negative Sentiment: One recent article framed COP as vulnerable to additional market weakness, reinforcing concerns that the stock could stay tied to crude-price moves if oil sentiment softens further. Article Title

Insider Transactions at ConocoPhillips

In other news, EVP Nicholas G. Olds sold 6,994 shares of ConocoPhillips stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $127.06, for a total value of $888,657.64. Following the completion of the transaction, the executive vice president owned 5,395 shares in the company, valued at $685,488.70. This trade represents a 56.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Kelly Brunetti Rose sold 7,700 shares of ConocoPhillips stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the completion of the transaction, the senior vice president owned 25,284 shares of the company’s stock, valued at $3,287,678.52. The trade was a 23.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 634,715 shares of company stock worth $81,410,816 over the last quarter. Corporate insiders own 0.09% of the company’s stock.

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.