State of Michigan Retirement System Sells 5,400 Shares of ConocoPhillips $COP

State of Michigan Retirement System cut its holdings in ConocoPhillips (NYSE:COP) by 1.6% during the third quarter, Holdings Channel.com reports. The fund owned 337,828 shares of the energy producer’s stock after selling 5,400 shares during the period. State of Michigan Retirement System’s holdings in ConocoPhillips were worth $31,955,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in COP. Primecap Management Co. CA increased its holdings in ConocoPhillips by 66.0% in the second quarter. Primecap Management Co. CA now owns 7,883,455 shares of the energy producer’s stock valued at $707,461,000 after purchasing an additional 3,135,315 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in ConocoPhillips by 31.4% during the second quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock worth $966,267,000 after buying an additional 2,575,803 shares during the last quarter. First Trust Advisors LP grew its position in shares of ConocoPhillips by 146.6% during the 2nd quarter. First Trust Advisors LP now owns 2,315,757 shares of the energy producer’s stock worth $207,816,000 after buying an additional 1,376,509 shares during the period. Laurel Wealth Advisors LLC increased its stake in shares of ConocoPhillips by 8,148.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 917,788 shares of the energy producer’s stock valued at $82,362,000 after acquiring an additional 906,661 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its position in shares of ConocoPhillips by 18.0% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 4,565,154 shares of the energy producer’s stock valued at $409,677,000 after acquiring an additional 697,700 shares during the period. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $107.69 on Friday. The company has a fifty day moving average price of $96.50 and a 200 day moving average price of $93.72. The firm has a market cap of $133.07 billion, a PE ratio of 16.99 and a beta of 0.32. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $108.43.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.21). The firm had revenue of $13.86 billion during the quarter, compared to analyst estimates of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.98 EPS. Research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th will be paid a $0.84 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $3.36 annualized dividend and a yield of 3.1%. ConocoPhillips’s payout ratio is presently 47.52%.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Management committed to returning 45% of operating cash flow to shareholders (boosting yield/total-return prospects), supported by strong reported cash generation. ConocoPhillips Stock Still Looks Cheap – What’s The Best Play Here?
• Positive Sentiment: Wells Fargo raised its price target to $133 and kept an overweight rating — a material upside call that can attract momentum buyers. Wells Fargo raises PT to $133
• Neutral Sentiment: CEO Ryan Lance signaled a shift toward organic growth and international expansion (less M&A focus) — a strategic pivot that could change capital allocation and growth tempo over time. Analyst: Focus on organic growth
• Neutral Sentiment: Articles flag a Venezuela monetization-first approach (collect payments/settlements before ramping drilling) — could unlock value but is execution- and timing-dependent. Venezuela strategy piece
• Negative Sentiment: Q4 results missed consensus: non‑GAAP EPS $1.02 vs. estimates (~$1.23) and revenue slightly below expectations; management cited weaker realized oil prices — the miss pressured shares and remains a near-term earnings risk. Reuters: Q4 earnings miss
• Negative Sentiment: JPMorgan’s updated target ($103, neutral) implies limited near-term upside from current levels — a restraint on bullish investor positioning. JPMorgan maintains neutral PT $103

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on COP shares. Capital One Financial boosted their price objective on shares of ConocoPhillips from $111.00 to $116.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. Wolfe Research boosted their price target on shares of ConocoPhillips from $122.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, January 26th. UBS Group raised their price objective on ConocoPhillips from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Bank of America reiterated an “underperform” rating and set a $102.00 target price on shares of ConocoPhillips in a report on Friday, January 16th. Finally, Mizuho increased their price target on ConocoPhillips from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. Seventeen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.43.

Insider Buying and Selling

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

About ConocoPhillips

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.