Greenup Street Wealth Management LLC Has $2.78 Million Position in ConocoPhillips $COP

Greenup Street Wealth Management LLC boosted its stake in shares of ConocoPhillips (NYSE:COP) by 117.7% during the first quarter, HoldingsChannel.com reports. The firm owned 21,093 shares of the energy producer’s stock after acquiring an additional 11,402 shares during the period. Greenup Street Wealth Management LLC’s holdings in ConocoPhillips were worth $2,784,000 as of its most recent SEC filing.

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

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Roth Capital upgraded ConocoPhillips to Buy from Neutral, which can support the stock by signaling improved upside potential and valuation appeal. Roth Capital Upgrades ConocoPhillips (COP) to Buy. Here is Why
• Positive Sentiment: ConocoPhillips was highlighted among top S&P 500 dividend stocks, with an annual dividend yield around 3%, reinforcing its appeal for income-focused investors. 5 Best S&P 500 Stocks to Buy for Dividends
• Neutral Sentiment: Commentary suggested COP could benefit if crude prices remain firm, but the article was largely speculative and did not include a concrete catalyst. Should You Buy ConocoPhillips With Oil Below $75 a Barrel?
• Neutral Sentiment: Several energy-sector pieces focused on upstream pricing and crude-market conditions, which underscore that COP’s near-term direction remains closely tied to oil prices. ConocoPhillips (NYSE:COP) Slips As Crude Oil Pressure Builds
• Negative Sentiment: Recent coverage noted ConocoPhillips slipped as crude oil pressure built, and a broader risk-off tone in energy has likely contributed to the stock’s decline. ConocoPhillips (COP) Registers a Bigger Fall Than the Market: Important Facts to Note

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 113,221 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were sold at an average price of $132.71, for a total transaction 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. This represents a 24.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Roth Mkm raised ConocoPhillips from a “neutral” rating to a “buy” rating and raised their price target for the stock from $124.00 to $130.00 in a research note on Monday. Raymond James Financial lowered their price target on ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating for the company in a research note on Monday, June 1st. Zacks Research downgraded ConocoPhillips from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Mizuho raised their price objective on shares of ConocoPhillips from $136.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Finally, Sanford C. Bernstein lifted their target price on shares of ConocoPhillips from $98.00 to $121.00 and gave the company an “outperform” rating in a research note on Monday, April 13th. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus price target of $134.32.

ConocoPhillips Trading Down 2.6%

Shares of COP stock opened at $107.10 on Thursday. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.87. The company has a market cap of $130.48 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 1.22 and a beta of 0.11. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $117.80 and its two-hundred day moving average is $111.77.

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

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a yield of 3.1%. ConocoPhillips’s payout ratio is currently 57.05%.

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.