ConocoPhillips $COP Shares Sold by Bollard Group LLC

Bollard Group LLC lowered its holdings in shares of ConocoPhillips (NYSE:COP) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 141,435 shares of the energy producer’s stock after selling 6,862 shares during the period. Bollard Group LLC’s holdings in ConocoPhillips were worth $13,240,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COP. Arete Wealth Advisors LLC grew its holdings in shares of ConocoPhillips by 7.6% during the fourth quarter. Arete Wealth Advisors LLC now owns 20,874 shares of the energy producer’s stock worth $1,954,000 after buying an additional 1,472 shares in the last quarter. Jacobi Capital Management LLC grew its holdings in shares of ConocoPhillips by 2.8% during the fourth quarter. Jacobi Capital Management LLC now owns 33,791 shares of the energy producer’s stock worth $3,163,000 after buying an additional 928 shares in the last quarter. FORA Capital LLC purchased a new stake in shares of ConocoPhillips during the fourth quarter worth about $1,176,000. CreativeOne Wealth LLC grew its holdings in shares of ConocoPhillips by 68.1% during the fourth quarter. CreativeOne Wealth LLC now owns 26,569 shares of the energy producer’s stock worth $2,487,000 after buying an additional 10,759 shares in the last quarter. Finally, Cordoba Advisory Partners LLC purchased a new stake in shares of ConocoPhillips during the fourth quarter worth about $255,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Price Performance

ConocoPhillips stock opened at $116.59 on Friday. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.87. The firm has a 50 day moving average price of $120.62 and a 200 day moving average price of $110.46. The company has a market cap of $142.04 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.30 and a beta of 0.11. 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 released its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The firm had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the previous year, the firm earned $2.09 earnings per share. ConocoPhillips’s revenue was down 6.1% compared to the same quarter last year. Sell-side analysts predict that ConocoPhillips will post 10.03 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued 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 presently 57.05%.

Insider Activity at ConocoPhillips

In related news, EVP Nicholas G. Olds sold 6,994 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president directly owned 5,395 shares in the company, valued at approximately $685,488.70. The trade was a 56.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Michael Lance sold 113,221 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total transaction of $15,025,558.91. Following the sale, the chief executive officer owned 350,000 shares of the company’s stock, valued at approximately $46,448,500. This represents a 24.44% 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 634,715 shares of company stock worth $81,410,816. 0.09% of the stock is owned by company insiders.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips has been trading higher alongside the broader rebound in energy stocks, with crude prices and sector momentum helping support investor demand. ConocoPhillips (COP) Rises Higher Than Market: Key Facts
• Positive Sentiment: Wall Street remains broadly constructive on ConocoPhillips, with reports citing 18 buy ratings and no sell ratings, reinforcing the view that analysts still expect solid upside potential. Wall Street Has 18 Buy Ratings on ConocoPhillips and Zero Sells. Our Price Target Says They Are All Wrong
• Positive Sentiment: ConocoPhillips continues to be highlighted as a strong value stock, which can attract investors looking for cash-flow-generating energy names at reasonable valuations. Here’s Why ConocoPhillips (COP) is a Strong Value Stock
• Neutral Sentiment: ConocoPhillips was included in a TotalEnergies-led offshore exploration MoU in Syria, but the news is early-stage and appears more strategic than immediately material to earnings. TotalEnergies (TTE), QatarEnergy, ConocoPhillips (COP) Sign MoU to Explore Offshore Block 3
• Negative Sentiment: Some commentary suggests the recent rebound may have pushed ConocoPhillips above fair value, with one note arguing the stock could be priced ahead of fundamentals despite the bullish analyst backdrop. Wall Street Has 18 Buy Ratings on ConocoPhillips and Zero Sells. Our Price Target Says They Are All Wrong
• Negative Sentiment: Recent insider selling added a small cautionary note for investors, though the move appears limited relative to the broader bullish trend. Top ConocoPhillips Insider Makes Notable Move in Latest Stock Transaction

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Morgan Stanley lifted their price target on shares of ConocoPhillips from $149.00 to $153.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of ConocoPhillips in a report on Wednesday, June 3rd. Susquehanna lifted their price target on shares of ConocoPhillips from $149.00 to $152.00 in a report on Friday, May 1st. Sanford C. Bernstein lifted their price target on shares of ConocoPhillips from $98.00 to $121.00 and gave the stock an “outperform” rating in a report on Monday, April 13th. Finally, Zacks Research downgraded shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Seventeen equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and an average target price of $134.48.

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.