ConocoPhillips $COP Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC cut its stake in ConocoPhillips (NYSE:COP) by 2.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,915,053 shares of the energy producer’s stock after selling 41,963 shares during the quarter. ConocoPhillips makes up approximately 2.0% of Cullen Capital Management LLC’s investment portfolio, making the stock its 20th largest position. Cullen Capital Management LLC’s holdings in ConocoPhillips were worth $179,268,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Strive Asset Management LLC acquired a new position in ConocoPhillips in the third quarter valued at approximately $28,000. Board of the Pension Protection Fund acquired a new position in ConocoPhillips in the fourth quarter valued at approximately $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in ConocoPhillips in the third quarter valued at approximately $28,000. Sfam LLC acquired a new position in ConocoPhillips in the fourth quarter valued at approximately $34,000. Finally, Optima Capital LLC acquired a new position in ConocoPhillips in the fourth quarter valued at approximately $34,000. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Up 1.1%

ConocoPhillips stock opened at $116.59 on Friday. The stock has a market capitalization of $142.04 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.28 and a beta of 0.11. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.87. The business has a 50 day simple moving average of $120.62 and a 200-day simple moving average of $110.46. 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 posted its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. The business had revenue of $15.76 billion during 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 business’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. On average, analysts anticipate that ConocoPhillips will post 10.03 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a $0.84 dividend. The ex-dividend date was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. ConocoPhillips’s payout ratio is 57.05%.

Insider Activity

In other news, 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 value of $15,025,558.91. Following the completion of the sale, the chief executive officer directly owned 350,000 shares in the company, valued at $46,448,500. The trade was a 24.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 owned 5,395 shares of the company’s stock, valued at $685,488.70. This trade represents a 56.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 634,715 shares of company stock worth $81,410,816 over the last three months. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

COP has been the subject of a number of analyst reports. UBS Group boosted their price target on ConocoPhillips from $130.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Capital One Financial decreased their price target on ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday, May 18th. Sanford C. Bernstein boosted their price target on ConocoPhillips from $98.00 to $121.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Wolfe Research boosted their price target on ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Finally, Jefferies Financial Group boosted their price target on ConocoPhillips from $160.00 to $161.00 and gave the company a “buy” rating in a report on Monday, May 18th. Seventeen 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.48.

ConocoPhillips News Roundup

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

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.