ConocoPhillips $COP Shares Sold by Trilogy Capital Inc.

Trilogy Capital Inc. decreased its position in ConocoPhillips (NYSE:COP) by 16.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,528 shares of the energy producer’s stock after selling 5,039 shares during the period. Trilogy Capital Inc.’s holdings in ConocoPhillips were worth $2,758,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of ConocoPhillips by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 120,251,183 shares of the energy producer’s stock worth $11,256,713,000 after buying an additional 408,304 shares during the period. Capital International Investors raised its stake in ConocoPhillips by 5.9% during the 4th quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock valued at $4,527,230,000 after acquiring an additional 2,714,663 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in ConocoPhillips by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock worth $3,880,151,000 after acquiring an additional 2,350,645 shares during the period. Franklin Resources Inc. grew its stake in shares of ConocoPhillips by 4.5% in the fourth quarter. Franklin Resources Inc. now owns 15,038,675 shares of the energy producer’s stock worth $1,407,770,000 after purchasing an additional 648,432 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of ConocoPhillips by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 14,847,367 shares of the energy producer’s stock worth $1,389,862,000 after purchasing an additional 193,401 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Wall Street remains moderately optimistic about ConocoPhillips, which has outperformed the broader market over the past year. The view supports the stock’s valuation, although analysts’ optimism is not uniformly bullish. ConocoPhillips Stock Outlook: Is Wall Street Bullish or Bearish?
• Positive Sentiment: ConocoPhillips’ Pelto Island reef-restoration project, which adds 650 reef modules to improve fish habitat, highlights the company’s coastal stewardship and may support its environmental reputation and stakeholder relationships. The direct near-term effect on earnings is likely limited. ConocoPhillips Following Pelto Island Reef Project Is the Stock a Bargain?
• Neutral Sentiment: ConocoPhillips is approaching its second-quarter earnings release. Higher oil prices could support revenue and cash flow, but the company’s unhedged production leaves results exposed to commodity-price volatility, while operational disruptions remain a risk. ConocoPhillips Gears Up to Report Q2 Earnings
• Neutral Sentiment: Pre-earnings coverage is focusing on production, margins and other operating metrics beyond revenue and earnings per share. These details could determine the market’s reaction more than headline estimates. Countdown to ConocoPhillips Q2 Earnings
• Negative Sentiment: Reports that oil prices eased on possible U.S.-Iran peace talks are weighing on oil-sensitive producers such as ConocoPhillips. A reduced geopolitical risk premium could pressure crude prices and lower expected upstream cash flow. Why Is ConocoPhillips in Focus as Oil Eases on Iran-US Peace Talks?

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Zacks Research cut shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of ConocoPhillips in a research note on Wednesday, June 3rd. Truist Financial lowered their price objective on shares of ConocoPhillips from $128.00 to $115.00 and set a “hold” rating on the stock in a research note on Wednesday, July 8th. Royal Bank Of Canada set a $130.00 target price on ConocoPhillips in a research report on Monday, June 22nd. Finally, Roth Capital upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and lifted their price target for the company from $124.00 to $130.00 in a research report on Monday, June 22nd. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.16.

ConocoPhillips Stock Down 1.0%

COP stock opened at $118.00 on Wednesday. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.87. The firm has a market cap of $143.76 billion, a PE ratio of 20.03, a P/E/G ratio of 1.44 and a beta of 0.11. The firm has a 50 day simple moving average of $112.98 and a 200 day simple moving average of $115.35. 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 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.