Perbak Capital Partners LLP Purchases 6,775 Shares of ConocoPhillips $COP

Perbak Capital Partners LLP increased its position in ConocoPhillips (NYSE:COP) by 92.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,123 shares of the energy producer’s stock after acquiring an additional 6,775 shares during the period. Perbak Capital Partners LLP’s holdings in ConocoPhillips were worth $1,336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in COP. Howard Hughes Medical Institute bought a new stake in ConocoPhillips in the 2nd quarter worth about $25,000. Cloud Capital Management LLC bought a new position in ConocoPhillips during the 3rd quarter valued at about $26,000. Cedar Mountain Advisors LLC boosted its holdings in shares of ConocoPhillips by 58.0% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock valued at $30,000 after acquiring an additional 116 shares during the last quarter. BNP Paribas purchased a new stake in shares of ConocoPhillips during the 2nd quarter valued at about $33,000. Finally, Bfsg LLC bought a new stake in shares of ConocoPhillips in the third quarter worth approximately $36,000. 82.36% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COP has been the subject of several research reports. 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. The Goldman Sachs Group lifted their target price on shares of ConocoPhillips from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Bank of America reiterated an “underperform” rating and set a $102.00 target price on shares of ConocoPhillips in a research note on Friday, January 16th. Citigroup increased their price target on ConocoPhillips from $125.00 to $135.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Finally, Mizuho raised their price target on ConocoPhillips from $120.00 to $121.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus target price of $119.33.

Insiders Place Their Bets

In related news, CEO Ryan Michael Lance sold 500,708 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $92.50, for a total value of $46,315,490.00. Following the completion of the sale, the chief executive officer directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Timothy A. Leach sold 40,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $118.79, for a total transaction of $4,751,600.00. Following the sale, the director owned 411,211 shares in the company, valued at approximately $48,847,754.69. The trade was a 8.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 549,208 shares of company stock worth $52,070,430 over the last quarter. 0.24% of the stock is currently owned by corporate insiders.

Key Stories Impacting ConocoPhillips

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.

ConocoPhillips Trading Up 1.5%

Shares of ConocoPhillips stock opened at $122.00 on Friday. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $122.50. The company’s fifty day simple moving average is $106.62 and its 200-day simple 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 stock has a market capitalization of $150.76 billion, a PE ratio of 19.24, a P/E/G ratio of 3.05 and a beta of 0.27.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $14.35 billion. During the same quarter last year, the company earned $1.98 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, equities analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, February 18th. ConocoPhillips’s payout ratio is currently 53.00%.

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.