SPX Gestao de Recursos Ltda Purchases New Shares in ConocoPhillips $COP

SPX Gestao de Recursos Ltda acquired a new position in ConocoPhillips (NYSE:COP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the energy producer’s stock, valued at approximately $1,892,000.

Several other hedge funds also recently made changes to their positions in the business. Primecap Management Co. CA raised its position in shares of 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 buying an additional 3,135,315 shares in the last quarter. Ameriprise Financial Inc. grew its position 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 in the last quarter. First Trust Advisors LP increased its stake in 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 acquiring an additional 1,376,509 shares during the period. Laurel Wealth Advisors LLC raised its holdings in 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 in the last quarter. Finally, Adage Capital Partners GP L.L.C. raised its holdings in 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 in the last quarter. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Stock Performance

ConocoPhillips stock opened at $117.25 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. The stock has a market cap of $144.89 billion, a PE ratio of 18.49, a P/E/G ratio of 2.97 and a beta of 0.27. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $122.50. The business’s 50-day moving average price is $104.22 and its two-hundred day moving average price is $96.16.

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

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were given a $0.84 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a yield of 2.9%. ConocoPhillips’s dividend payout ratio (DPR) is currently 53.00%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 500,708 shares of the business’s stock in a transaction 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 sale, the chief executive officer owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. The trade was a 60.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wall Street Zen raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research downgraded shares of ConocoPhillips from a “hold” rating to a “strong sell” rating in a research note on Friday, February 27th. Citigroup raised their target price on shares of ConocoPhillips from $125.00 to $135.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Bank of America restated an “underperform” rating and issued a $102.00 target price on shares of ConocoPhillips in a research report on Friday, January 16th. Finally, Capital One Financial increased their price target on shares of ConocoPhillips from $111.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus target price of $117.54.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: UBS raised its price target on COP to $144 with a Buy rating, giving the shares clear analyst support and a sizable upside thesis that likely helped the rally. UBS price target raise (Benzinga)
• Positive Sentiment: BMO Capital Markets reiterated/forecast strong price appreciation for COP, and a separate report notes a price‑target raise to $135 — multiple upgrades are boosting investor confidence and inflows. BMO forecast (American Banking News)
• Neutral Sentiment: Investors and outlets are reassessing COP’s valuation after the recent share gains; analysis pieces flag the stock’s strong momentum but question how much cash‑flow upside is already priced in — useful context for longer‑term holders. Assessing ConocoPhillips Valuation (Yahoo Finance)
• Neutral Sentiment: Sector commentary notes upside if oil revisits $100/bbl — that scenario would materially boost cash flow and dividends for major producers like COP, but it remains speculative while WTI trades around $80. If Oil Hits $100 (247WallSt)
• Negative Sentiment: Jim Cramer flagged an oil sell‑off as the start of a broader bull market while noting shares of large names including ConocoPhillips are sliding in that environment — short‑term sentiment swings in oil are creating volatility for COP. Jim Cramer: oil sell-off context (Benzinga)
• Negative Sentiment: Louisiana officials say a major coastal‑damage lawsuit with ConocoPhillips is close to settlement — a potential legal payout or remediation obligation is an overhang that could pressure sentiment until terms are disclosed. Louisiana lawsuit settlement near (NOLA)
• Negative Sentiment: MarketWatch notes COP underperformed peers on a recent session — relative weakness versus competitors can trigger short‑term fund flows away from the stock even as the broader sector rallies. COP underperformance vs peers (MarketWatch)

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.