ConocoPhillips $COP Shares Sold by Stenger Family Office LLC

Stenger Family Office LLC reduced its position in shares of ConocoPhillips (NYSE:COP) by 86.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,903 shares of the energy producer’s stock after selling 18,223 shares during the quarter. Stenger Family Office LLC’s holdings in ConocoPhillips were worth $257,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Heartland Bank & Trust Co boosted its stake in shares of ConocoPhillips by 97.2% during the 2nd quarter. Heartland Bank & Trust Co now owns 6,861 shares of the energy producer’s stock valued at $616,000 after buying an additional 3,381 shares during the period. Tema Etfs LLC acquired a new stake in ConocoPhillips during the third quarter valued at $1,804,000. D.A. Davidson & CO. grew its stake in ConocoPhillips by 12.1% in the third quarter. D.A. Davidson & CO. now owns 140,829 shares of the energy producer’s stock valued at $13,321,000 after purchasing an additional 15,202 shares in the last quarter. StoneX Group Inc. increased its position in ConocoPhillips by 510.5% in the 2nd quarter. StoneX Group Inc. now owns 29,285 shares of the energy producer’s stock worth $2,628,000 after purchasing an additional 24,488 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in ConocoPhillips by 17.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 154,360 shares of the energy producer’s stock worth $13,927,000 after purchasing an additional 22,827 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Confirmed gas discovery in Australia’s Otway Basin adds to reserves and strengthens ConocoPhillips’ natural‑gas growth optionality — supports longer‑term production and value of downstream/ LNG optionality. ConocoPhillips Confirms Second Gas Discovery in Australia’s Otway Basin ConocoPhillips Australia discovers additional gas in Otway basin Charlemont Trend
• Neutral Sentiment: International oil companies are lobbying for Venezuelan law changes to allow freer exports of oil they produce — could expand export volumes for majors if enacted, but outcomes and timing remain uncertain for ConocoPhillips. International oil companies push for quick reforms in Venezuela to give them control over oil exports
• Neutral Sentiment: Wolfe Research trimmed its price target (126→122) but kept an outperform rating — a modest sign of caution but still indicates upside versus the current price. Wolfe adjusts price target on ConocoPhillips to $122 from $126, maintains outperform rating
• Negative Sentiment: Bank of America reiterated an underperform stance (framed as a “sell equivalent”), citing relatively high oil breakevens for ConocoPhillips and preferring other names — this analyst view is pressuring sentiment. ConocoPhillips cut to sell equivalent at BofA on high oil breakeven; Ovintiv top oil pick
• Negative Sentiment: JPMorgan and other outlets published lower price targets (JPMorgan to $98; reports of a $6 reduction elsewhere), and MarketWatch highlighted COP’s recent underperformance vs. peers — multiple PT cuts and comparative underperformance are amplifying downside pressure. JPMorgan Chase & Co. Lowers ConocoPhillips (NYSE:COP) Price Target to $98.00 ConocoPhillips (COP) Price Target Lowered by $6 ConocoPhillips stock underperforms Thursday when compared to competitors
• Neutral Sentiment: Industry commentators continue to favor select midstream/refining/shipping names over majors in the near term, signaling rotation risk for large oil producers like COP even if fundamentals remain intact. Don’t Trade the Venezuela Headlines. Why We’re Skipping Oil Majors to Zero In on These Energy Stocks Instead.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, Director William H. Mcraven acquired 5,768 shares of ConocoPhillips stock in a transaction dated Monday, November 10th. The stock was bought at an average cost of $86.68 per share, with a total value of $499,970.24. Following the acquisition, the director owned 5,768 shares of the company’s stock, valued at approximately $499,970.24. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Michael Lance sold 500,708 shares of the firm’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the transaction, the chief executive officer owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. This represents a 60.57% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.24% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COP. Piper Sandler dropped their price objective on ConocoPhillips from $115.00 to $109.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Evercore ISI decreased their price objective on shares of ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating for the company in a report on Monday, October 6th. JPMorgan Chase & Co. lowered their target price on shares of ConocoPhillips from $102.00 to $98.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. BMO Capital Markets reduced their price target on ConocoPhillips from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, December 15th. Finally, Wall Street Zen upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.83.

ConocoPhillips Stock Down 0.8%

Shares of COP stock opened at $98.18 on Friday. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $106.20. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm has a market cap of $121.32 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 2.69 and a beta of 0.32. The stock has a 50 day moving average of $92.65 and a 200-day moving average of $92.91.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.20. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The business had revenue of $15.03 billion for the quarter, compared to analyst estimates of $14.51 billion. During the same quarter in the previous year, the firm posted $1.78 earnings per share. ConocoPhillips’s revenue was up 14.1% compared to the same quarter last year. On average, equities analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $0.84 dividend. The ex-dividend date was Monday, November 17th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.4%. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.78. ConocoPhillips’s dividend payout ratio is 47.52%.

ConocoPhillips 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.