7,365 ConocoPhillips $COP Shares Acquired by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. increased its position in shares of ConocoPhillips (NYSE:COP) by 31.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,940 shares of the energy producer’s stock after purchasing an additional 7,365 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in ConocoPhillips were worth $3,872,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in COP. Greenfield Savings Bank boosted its holdings in shares of ConocoPhillips by 34.6% in the 3rd quarter. Greenfield Savings Bank now owns 12,412 shares of the energy producer’s stock valued at $1,553,000 after buying an additional 3,194 shares during the period. Investors Research Corp grew its position in shares of ConocoPhillips by 96.4% during the 3rd quarter. Investors Research Corp now owns 3,180 shares of the energy producer’s stock valued at $398,000 after buying an additional 1,561 shares during the last quarter. Rhodes Investment Advisors Inc. ADV acquired a new stake in ConocoPhillips during the third quarter worth about $226,000. Wealth Enhancement Trust Services Inc. raised its stake in ConocoPhillips by 21.3% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 3,512 shares of the energy producer’s stock worth $440,000 after acquiring an additional 616 shares during the period. Finally, Silvia Mccoll Wealth Management LLC lifted its holdings in ConocoPhillips by 325.6% in the third quarter. Silvia Mccoll Wealth Management LLC now owns 10,767 shares of the energy producer’s stock worth $1,347,000 after acquiring an additional 8,237 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Roth Capital upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and lifted their target price for the company from $124.00 to $130.00 in a research note on Monday, June 22nd. Freedom Capital upgraded ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings raised ConocoPhillips from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Barclays lowered their price objective on ConocoPhillips from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Finally, The Goldman Sachs Group dropped their target price on ConocoPhillips from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $143.29.

ConocoPhillips Stock Performance

Shares of NYSE:COP traded up $0.50 on Wednesday, hitting $129.85. The company’s stock had a trading volume of 4,791,460 shares, compared to its average volume of 8,145,697. The company has a market capitalization of $156.00 billion, a price-to-earnings ratio of 17.18, a price-to-earnings-growth ratio of 1.35 and a beta of 0.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $141.62. The stock’s 50-day moving average is $128.85 and its two-hundred day moving average is $121.88.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. The business had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The company’s revenue was up 32.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.42 earnings per share. On average, equities research analysts forecast that ConocoPhillips will post 10.54 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, August 17th. ConocoPhillips’s payout ratio is 44.44%.

Insider Activity at ConocoPhillips

In other news, SVP Andrew Lundquist sold 9,487 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $135.15, for a total value of $1,282,168.05. Following the completion of the sale, the senior vice president directly owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: New 20-year LNG agreement: ConocoPhillips agreed to purchase 1 million tons of LNG annually from Venture Global beginning in 2030. The deal expands COP’s long-term natural-gas exposure and could strengthen future cash-flow visibility; one valuation analysis estimates the stock may be approximately 11% undervalued. ConocoPhillips Could Be 11% Undervalued Following New 20 Year LNG Deal
• Positive Sentiment: Potential asset divestitures: COP is reportedly reviewing its Norway business and the UK Teesside asset, with a possible transaction value of about $7 billion. A sale could streamline the portfolio, improve capital flexibility, and potentially support shareholder returns. ConocoPhillips Reviews Norway Business and UK Teesside Asset Divestment
• Positive Sentiment: Bullish analyst outlook: Mizuho analyst Nitin Kumar reiterated a Buy rating and set a $146 NAV-based price target, citing near-term earnings strength and long-term LNG-driven cash-flow upside. Analyst Reiterates Buy Rating and $146 Price Target
• Positive Sentiment: Improving oil-price assumptions: ConocoPhillips’ chairman said the long-term oil-price floor could rise toward $70 per barrel, a potentially favorable backdrop for an exploration and production company such as COP. Chairman Sees Oil Price Floor Rising Toward $70
• Neutral Sentiment: Value-focused comparisons with Cactus (NYSE: WHD) and Calumet (NASDAQ: CLMT) assess which energy stocks offer the better valuation. The reports provide context for COP’s relative attractiveness but do not announce a new company-specific catalyst. COP or WHD Which Is the Better Value Stock Right Now
• Neutral Sentiment: Management said stable conditions and fair fiscal terms would be needed to bring investors back to Venezuela and Russia, highlighting geopolitical and operating considerations rather than an immediate change to COP’s results. Stability and Fair Fiscal Terms Needed for Investors to Return

ConocoPhillips Company Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.