938,163 Shares of ConocoPhillips $COP Bought by Artemis Investment Management LLP

Artemis Investment Management LLP acquired a new stake in ConocoPhillips (NYSE:COP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 938,163 shares of the energy producer’s stock, valued at approximately $117,411,000.

A number of other institutional investors also recently bought and sold shares of the company. State Street Corp raised its position in shares of ConocoPhillips by 73.2% during the 2nd quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock valued at $12,328,767,000 after buying an additional 50,116,727 shares during the period. BlackRock Inc. increased its stake in ConocoPhillips by 3.0% during the second quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer’s stock worth $9,760,436,000 after acquiring an additional 2,712,703 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of ConocoPhillips by 12.0% in the 2nd quarter. Wellington Management Group LLP now owns 15,072,154 shares of the energy producer’s stock valued at $1,566,901,000 after purchasing an additional 1,609,759 shares during the last quarter. Invesco Ltd. lifted its position in shares of ConocoPhillips by 2.2% during the 4th quarter. Invesco Ltd. now owns 13,413,036 shares of the energy producer’s stock worth $1,255,594,000 after buying an additional 290,888 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of ConocoPhillips in the 2nd quarter valued at $1,260,482,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP Andrew Lundquist sold 9,487 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the transaction, the senior vice president directly owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. The trade was a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices are the primary catalyst. ConocoPhillips is particularly sensitive to commodity prices because stronger realized prices can increase upstream revenue, operating cash flow and shareholder returns. ConocoPhillips gains as oil prices jump on supply fears
• Positive Sentiment: Zacks Research upgraded COP from “Hold” to “Strong Buy.” The upgrade adds to the stock’s favorable analyst backdrop; recent ratings include Buy and Overweight recommendations, while the median reported price target is $143.
• Positive Sentiment: Recent company fundamentals remain supportive. ConocoPhillips previously reaffirmed full-year guidance, reported strong operating cash flow and doubled second-quarter share repurchases. Its latest quarterly results also exceeded analyst expectations, with revenue up 32.4% year over year.
• Positive Sentiment: Long-term gas exposure and portfolio optimization provide additional support. The company’s 20-year agreement to purchase LNG from Venture Global beginning in 2030 could expand its gas presence, while a potential sale of Norway and U.K. Teesside assets—reportedly valued near $7 billion—could increase capital flexibility.
• Neutral Sentiment: Institutional positioning is mixed. Major investors including JPMorgan, Sixth Street Partners, BlackRock and T. Rowe Price added shares in the latest quarter, but other institutions reduced holdings. This suggests continued investor interest without a uniform market view.
• Negative Sentiment: Recent insider activity has consisted entirely of sales. Three insiders sold shares during the past six months, with no reported purchases. These transactions may modestly temper sentiment, although they do not necessarily indicate a change in the company’s outlook.

ConocoPhillips Price Performance

ConocoPhillips stock traded up $4.27 during trading hours on Thursday, hitting $134.11. The stock had a trading volume of 2,703,853 shares, compared to its average volume of 8,115,639. The stock’s fifty day moving average is $129.08 and its two-hundred day moving average is $121.91. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $141.62. The stock has a market capitalization of $161.11 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 1.35 and a beta of 0.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same period in the prior year, the firm earned $1.42 EPS. The firm’s quarterly revenue was up 32.4% on a year-over-year basis. As a group, analysts predict that ConocoPhillips will post 10.62 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were issued a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, August 17th. ConocoPhillips’s dividend payout ratio is currently 44.44%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COP. Morgan Stanley raised their price objective on ConocoPhillips from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Susquehanna raised their price target on ConocoPhillips from $155.00 to $161.00 and gave the stock a “positive” rating in a research note on Tuesday, August 11th. Mizuho reduced their price objective on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Wells Fargo & Company upped their price target on shares of ConocoPhillips from $183.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.29.

ConocoPhillips Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.