Phoenix Financial Ltd. Reduces Stock Position in ConocoPhillips $COP

Phoenix Financial Ltd. lowered its holdings in shares of ConocoPhillips (NYSE:COP) by 23.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 14,360 shares of the energy producer’s stock after selling 4,397 shares during the quarter. Phoenix Financial Ltd.’s holdings in ConocoPhillips were worth $1,344,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Thrivent Financial for Lutherans lifted its holdings in shares of ConocoPhillips by 1.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,115,151 shares of the energy producer’s stock worth $198,004,000 after buying an additional 35,162 shares during the period. Triton Wealth Management PLLC purchased a new stake in shares of ConocoPhillips in the 4th quarter worth $196,000. Cornerstone Wealth Management LLC lifted its holdings in shares of ConocoPhillips by 9.8% in the 4th quarter. Cornerstone Wealth Management LLC now owns 16,324 shares of the energy producer’s stock worth $1,528,000 after buying an additional 1,457 shares during the period. Western Wealth Management LLC lifted its holdings in shares of ConocoPhillips by 13.5% in the 4th quarter. Western Wealth Management LLC now owns 18,659 shares of the energy producer’s stock worth $1,747,000 after buying an additional 2,220 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of ConocoPhillips by 2.6% in the 4th quarter. Allworth Financial LP now owns 39,341 shares of the energy producer’s stock worth $3,683,000 after buying an additional 991 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Argus raised its price target on ConocoPhillips to $136 from $128 and kept a Buy rating, signaling more upside potential for the shares. MarketScreener
• Positive Sentiment: Scotiabank lifted FY2026 and FY2027 earnings estimates for ConocoPhillips, reflecting improved expectations for the company’s profitability. MarketBeat report
• Positive Sentiment: Norway approved redevelopment plans for the Greater Ekofisk area, and ConocoPhillips also signed an offshore exploration memorandum of understanding in Syria, which could support future reserve and production growth. Yahoo Finance
• Positive Sentiment: Energy stocks broadly moved higher as oil prices stayed firm, which tends to improve sentiment for upstream producers like ConocoPhillips. Yahoo Finance sector update
• Neutral Sentiment: ConocoPhillips’ Q1 earnings-related coverage focused on comparing revenue, EPS, and key metrics with Wall Street estimates, with no major surprise highlighted in the summary provided. Zacks
• Neutral Sentiment: Shareholders approved board governance and auditors at the annual meeting, removing a routine governance overhang but not changing the core investment outlook. TipRanks

ConocoPhillips Trading Up 2.8%

Shares of NYSE:COP opened at $122.36 on Friday. The business’s 50-day moving average is $123.07 and its 200 day moving average is $106.25. ConocoPhillips has a 1 year low of $84.28 and a 1 year high of $135.87. The firm has a market capitalization of $149.07 billion, a P/E ratio of 20.77, a P/E/G ratio of 1.37 and a beta of 0.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP) last announced 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 company had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the company posted $2.09 EPS. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, research analysts predict that ConocoPhillips will post 9.66 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, May 11th. ConocoPhillips’s dividend payout ratio is currently 57.05%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on COP shares. Wall Street Zen upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Mizuho upped their target price on ConocoPhillips from $121.00 to $136.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Royal Bank Of Canada upped their target price on ConocoPhillips from $118.00 to $152.00 and gave the stock an “outperform” rating in a report on Wednesday, April 8th. Roth Mkm cut ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 target price for the company. in a report on Tuesday, February 17th. Finally, Piper Sandler upped 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. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $133.16.

Insider Activity at ConocoPhillips

In related news, SVP Andrew D. Lundquist sold 34,500 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $119.68, for a total transaction of $4,128,960.00. Following the transaction, the senior vice president directly owned 17,469 shares of the company’s stock, valued at $2,090,689.92. This represents a 66.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ryan Michael Lance sold 506,800 shares of the company’s stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 734,891 shares of company stock worth $93,345,692 over the last ninety days. 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.