Rep. Robert Bresnahan, Jr. Buys ConocoPhillips (NYSE:COP) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of ConocoPhillips (NYSE:COP). In a filing disclosed on May 31st, the Representative disclosed that they had bought between $15,001 and $50,000 in ConocoPhillips stock on May 15th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Zimmer Biomet (NYSE:ZBH) on 5/15/2025.
• Sold $15,001 – $50,000 in shares of Elevance Health (NYSE:ELV) on 5/15/2025.
• Sold $15,001 – $50,000 in shares of PepsiCo (NASDAQ:PEP) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of WEC Energy Group (NYSE:WEC) on 5/15/2025.
• Purchased $15,001 – $50,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 5/15/2025.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 5/15/2025.
• Purchased $1,001 – $15,000 in shares of Kraft Heinz (NASDAQ:KHC) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of Danaher (NYSE:DHR) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of International Flavors & Fragrances (NYSE:IFF) on 5/15/2025.

ConocoPhillips Stock Performance

NYSE:COP traded up $0.79 during mid-day trading on Tuesday, hitting $87.51. The stock had a trading volume of 1,171,897 shares, compared to its average volume of 7,375,665. The stock has a market capitalization of $110.63 billion, a price-to-earnings ratio of 11.23, a P/E/G ratio of 0.79 and a beta of 0.64. The company has a 50 day simple moving average of $90.13 and a 200-day simple moving average of $97.05. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $118.40. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.36.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.04. The firm had revenue of $16.18 billion for the quarter, compared to the consensus estimate of $15.74 billion. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. During the same period last year, the firm posted $2.05 EPS. On average, research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 19th were given a $0.78 dividend. The ex-dividend date was Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.57%. ConocoPhillips’s payout ratio is currently 39.64%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on COP shares. Wells Fargo & Company cut their price objective on shares of ConocoPhillips from $116.00 to $113.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 14th. Raymond James restated an “outperform” rating and set a $109.00 price target (up from $103.00) on shares of ConocoPhillips in a research report on Tuesday, May 20th. Susquehanna reduced their price target on shares of ConocoPhillips from $120.00 to $114.00 and set a “positive” rating for the company in a research note on Monday, May 12th. Barclays reduced their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an “overweight” rating for the company in a research note on Wednesday, April 23rd. Finally, Scotiabank reduced their price target on shares of ConocoPhillips from $115.00 to $95.00 and set a “sector perform” rating for the company in a research note on Friday, April 11th. Three investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus price target of $121.63.

Institutional Investors Weigh In On ConocoPhillips

Large investors have recently made changes to their positions in the company. Modern Wealth Management LLC increased its stake in ConocoPhillips by 18.6% in the 1st quarter. Modern Wealth Management LLC now owns 15,149 shares of the energy producer’s stock valued at $1,591,000 after buying an additional 2,379 shares during the period. Birmingham Capital Management Co. Inc. AL raised its stake in shares of ConocoPhillips by 10.4% in the 1st quarter. Birmingham Capital Management Co. Inc. AL now owns 5,309 shares of the energy producer’s stock valued at $558,000 after buying an additional 500 shares in the last quarter. Strs Ohio acquired a new stake in shares of ConocoPhillips during the 1st quarter worth about $63,989,000. Jacobi Capital Management LLC increased its position in ConocoPhillips by 9.8% in the 1st quarter. Jacobi Capital Management LLC now owns 30,829 shares of the energy producer’s stock valued at $3,238,000 after acquiring an additional 2,757 shares in the last quarter. Finally, Advisors Capital Management LLC raised its stake in shares of ConocoPhillips by 48.1% during the first quarter. Advisors Capital Management LLC now owns 11,980 shares of the energy producer’s stock worth $1,258,000 after buying an additional 3,890 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.