ConocoPhillips $COP Holdings Trimmed by Comerica Bank

Comerica Bank reduced its position in shares of ConocoPhillips (NYSE:COP) by 4.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 499,889 shares of the energy producer’s stock after selling 20,749 shares during the period. Comerica Bank’s holdings in ConocoPhillips were worth $47,284,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Capital International Investors boosted its position in shares of ConocoPhillips by 18.2% in the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock worth $4,318,239,000 after buying an additional 7,037,873 shares during the period. Primecap Management Co. CA raised its position in ConocoPhillips by 66.0% during 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 during the period. Ameriprise Financial Inc. lifted its stake in ConocoPhillips by 31.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock worth $966,267,000 after acquiring an additional 2,575,803 shares in the last quarter. First Trust Advisors LP lifted its stake in ConocoPhillips by 146.6% in 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 in the last quarter. Finally, Laurel Wealth Advisors LLC boosted its position in ConocoPhillips by 8,148.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 917,788 shares of the energy producer’s stock worth $82,362,000 after acquiring an additional 906,661 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Kelly Brunetti Rose sold 8,500 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $118.04, for a total transaction of $1,003,340.00. Following the transaction, the senior vice president owned 32,984 shares in the company, valued at approximately $3,893,431.36. This trade represents a 20.49% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Timothy A. Leach sold 40,000 shares of ConocoPhillips stock in a transaction on Friday, March 6th. The shares were sold at an average price of $118.79, for a total transaction of $4,751,600.00. Following the completion of the sale, the director directly owned 411,211 shares of the company’s stock, valued at approximately $48,847,754.69. The trade was a 8.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 549,208 shares of company stock valued at $52,070,430 over the last ninety days. Corporate insiders own 0.24% of the company’s stock.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher crude and geopolitical risk are drawing investor attention to major producers, lifting the sector and COP in particular. Oil Price Back to the Glory Days
• Positive Sentiment: Piper Sandler raised its price target on COP to $154 and set an “overweight” rating, implying significant upside from current levels — a formal analyst endorsement that can support buyer interest. Piper Sandler PT Raise
• Positive Sentiment: TheStreet highlights that while oil-price swings move the stock, the bigger long-term catalyst may be ConocoPhillips’ internal execution — cash returns, portfolio optimization and disciplined capex — which investors view as durable value drivers. Oil’s whiplash is powering ConocoPhillips
• Neutral Sentiment: Broader commentary notes a sector rotation into energy as crude recovers; this macro interest helps COP but increases reliance on commodity moves rather than idiosyncratic stock drivers. Energy is no longer dead money
• Negative Sentiment: An insider sale — a ConocoPhillips director sold roughly $4.75M of stock — is being reported and can be viewed as a near-term caution for some investors. Insider Selling
• Negative Sentiment: Recent quarterly results missed estimates (EPS and revenue), reminding investors that higher oil prices need to translate into consistent operational and earnings improvement to sustain multiple expansion.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on COP shares. Sanford C. Bernstein lowered their target price on ConocoPhillips from $116.00 to $98.00 and set an “outperform” rating on the stock in a research note on Monday, January 5th. Piper Sandler raised their price target on shares of ConocoPhillips from $111.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday. Wall Street Zen raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Wolfe Research upped their price objective on shares of ConocoPhillips from $122.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Mizuho increased their target price on shares of ConocoPhillips from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $119.33.

ConocoPhillips Stock Performance

Shares of COP stock opened at $122.00 on Friday. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $122.50. The stock’s 50-day moving average is $106.62 and its two-hundred day moving average is $96.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.30 and a quick ratio of 1.14. The firm has a market cap of $150.76 billion, a P/E ratio of 19.24, a PEG ratio of 3.05 and a beta of 0.27.

ConocoPhillips (NYSE:COP) last announced 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 for 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 firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.98 earnings per share. Analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were paid 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 2.8%. ConocoPhillips’s payout ratio is 53.00%.

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.