ConocoPhillips $COP Stake Raised by Alps Advisors Inc.

Alps Advisors Inc. grew its holdings in shares of ConocoPhillips (NYSE:COP) by 4,149.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 266,381 shares of the energy producer’s stock after purchasing an additional 260,112 shares during the quarter. Alps Advisors Inc.’s holdings in ConocoPhillips were worth $24,936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in COP. KERR FINANCIAL PLANNING Corp bought a new stake in ConocoPhillips during the third quarter worth approximately $28,000. Board of the Pension Protection Fund bought a new stake in ConocoPhillips during the fourth quarter worth approximately $28,000. Strive Asset Management LLC bought a new stake in ConocoPhillips during the third quarter worth approximately $28,000. BNP Paribas bought a new stake in ConocoPhillips during the second quarter worth approximately $33,000. Finally, Optima Capital LLC bought a new stake in ConocoPhillips during the fourth quarter worth approximately $34,000. Institutional investors own 82.36% of the company’s stock.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, EVP Nicholas G. Olds sold 6,994 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $127.06, for a total value of $888,657.64. Following the transaction, the executive vice president owned 5,395 shares of the company’s stock, valued at approximately $685,488.70. This represents a 56.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Michael Lance sold 506,800 shares of the company’s stock in a transaction on Friday, March 20th. The shares were sold at an average price of $127.26, for a total value of $64,495,368.00. Following the completion of the transaction, the chief executive officer directly owned 6,835 shares in the company, valued at $869,822.10. This represents a 98.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 634,715 shares of company stock valued at $81,410,816. Corporate insiders own 0.09% of the company’s stock.

ConocoPhillips Price Performance

NYSE COP opened at $115.41 on Friday. The stock has a market capitalization of $140.60 billion, a P/E ratio of 19.59, a P/E/G ratio of 1.33 and a beta of 0.11. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.87. The business’s fifty day moving average is $120.86 and its two-hundred day moving average is $110.41. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP) last posted its quarterly 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. The company had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 earnings per share. On average, research analysts forecast that ConocoPhillips will post 10.03 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently commented on COP. Piper Sandler boosted their target price on ConocoPhillips from $154.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Freedom Capital cut ConocoPhillips from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 6th. Sanford C. Bernstein boosted their target price on ConocoPhillips from $98.00 to $121.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Wolfe Research boosted their target price on ConocoPhillips from $138.00 to $144.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Finally, Barclays boosted their target price on ConocoPhillips from $136.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.48.

Key Stories Impacting 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

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.