ConocoPhillips $COP Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its stake in ConocoPhillips (NYSE:COP) by 30.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,369,745 shares of the energy producer’s stock after selling 1,487,057 shares during the period. Deutsche Bank AG’s holdings in ConocoPhillips were worth $315,442,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Strive Asset Management LLC acquired a new position in shares of ConocoPhillips in the 3rd quarter valued at $28,000. Board of the Pension Protection Fund acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $28,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of ConocoPhillips in the 3rd quarter valued at $28,000. Optima Capital LLC acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $34,000. Finally, BNP Paribas acquired a new position in shares of ConocoPhillips in the 2nd quarter valued at $33,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Key Headlines 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 Up 2.6%

Shares of NYSE:COP opened at $119.82 on Thursday. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.87. The stock has a market cap of $145.98 billion, a P/E ratio of 20.34, a P/E/G ratio of 1.29 and a beta of 0.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The firm has a fifty day moving average price of $121.19 and a 200 day moving average price of $110.21.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping the consensus estimate of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter last year, the business earned $2.09 EPS. The business’s revenue was down 6.1% on a year-over-year basis. Sell-side analysts predict that ConocoPhillips will post 10.03 EPS for the current year.

ConocoPhillips Announces Dividend

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Raymond James Financial decreased their price target on shares of ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating for the company in a research note on Monday, June 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of ConocoPhillips in a research note on Wednesday, June 3rd. Citigroup increased their price target on shares of ConocoPhillips from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Capital One Financial decreased their price target on shares of ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. Finally, Morgan Stanley increased their price target on shares of ConocoPhillips from $149.00 to $153.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Seventeen research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.48.

Insider Buying and Selling

In other news, SVP Heather G. Hrap sold 2,654 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $119.68, for a total value of $317,630.72. Following the completion of the sale, the senior vice president owned 5,663 shares in the company, valued at approximately $677,747.84. This trade represents a 31.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew D. Lundquist sold 34,500 shares of the firm’s stock in a transaction on 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 completion of the sale, the senior vice president owned 17,469 shares of the company’s stock, valued at $2,090,689.92. This trade represents a 66.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 671,869 shares of company stock worth $85,857,406. 0.09% of the stock is currently owned by insiders.

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.