5,745 Shares in ConocoPhillips $COP Purchased by Gilpin Wealth Management LLC

Gilpin Wealth Management LLC acquired a new position in shares of ConocoPhillips (NYSE:COP) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,745 shares of the energy producer’s stock, valued at approximately $538,000.

Other hedge funds have also modified their holdings of the company. KERR FINANCIAL PLANNING Corp bought a new position in shares of ConocoPhillips during the third quarter worth about $28,000. Board of the Pension Protection Fund bought a new position in shares of ConocoPhillips during the fourth quarter worth about $28,000. Strive Asset Management LLC bought a new position in shares of ConocoPhillips during the third quarter worth about $28,000. BNP Paribas bought a new position in shares of ConocoPhillips during the second quarter worth about $33,000. Finally, Optima Capital LLC bought a new position in shares of ConocoPhillips during the fourth quarter worth about $34,000. 82.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Capital One Financial decreased their price objective on ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday, May 18th. Raymond James Financial decreased their price objective on ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating for the company in a report on Monday, June 1st. Citigroup increased their price objective on ConocoPhillips from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. UBS Group increased their price target on ConocoPhillips from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, Freedom Capital cut ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Seventeen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $134.48.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Crude-oil sentiment improved as Middle East supply disruptions and tight inventory conditions kept a floor under oil prices, benefiting large U.S. exploration and production names like ConocoPhillips. Article Title
• Positive Sentiment: Zacks highlighted ConocoPhillips as an energy name positioned to navigate industry pressures, reinforcing the view that COP is relatively well placed versus peers. Article Title
• Positive Sentiment: Broader energy-sector strength has helped improve sentiment toward oil stocks, with the sector outperforming the market this year and drawing renewed investor attention to names like COP. Article Title
• Neutral Sentiment: Recent commentary noted that ConocoPhillips did not fall as much as oil prices during a prior pullback, suggesting the stock may be trading more resiliently than crude itself, but without a major company-specific catalyst. Article Title
• Negative Sentiment: There was also a backdrop of mixed investor positioning, including significant institutional trimming in recent quarters, which can weigh on sentiment even as near-term oil prices improve. Article Title

ConocoPhillips Stock Performance

COP opened at $119.82 on Thursday. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $135.87. The stock has a market cap of $145.98 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.29 and a beta of 0.11. The business has a 50 day moving average of $121.19 and a 200-day moving average of $110.21. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34.

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

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is presently 57.05%.

Insider Buying and Selling at ConocoPhillips

In related news, SVP Heather G. Hrap sold 2,654 shares of ConocoPhillips stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $119.68, for a total transaction of $317,630.72. Following the completion of the sale, the senior vice president directly owned 5,663 shares of the company’s stock, valued at approximately $677,747.84. This trade represents a 31.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Andrew D. Lundquist sold 34,500 shares of ConocoPhillips stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $4,128,960.00. Following the sale, the senior vice president directly owned 17,469 shares of the company’s stock, valued at approximately $2,090,689.92. The trade was a 66.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 671,869 shares of company stock worth $85,857,406 in the last 90 days. Company insiders own 0.09% of the company’s stock.

ConocoPhillips Company 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.