ConocoPhillips $COP Position Trimmed by Conning Inc.

Conning Inc. lowered its position in ConocoPhillips (NYSE:COP) by 7.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 292,685 shares of the energy producer’s stock after selling 22,377 shares during the quarter. Conning Inc.’s holdings in ConocoPhillips were worth $36,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in ConocoPhillips by 73.2% during the second quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock worth $12,328,767,000 after acquiring an additional 50,116,727 shares during the last quarter. BlackRock Inc. raised its holdings in shares of ConocoPhillips by 3.0% in the 2nd quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer’s stock worth $9,760,436,000 after purchasing an additional 2,712,703 shares during the period. Wellington Management Group LLP raised its holdings in shares of ConocoPhillips by 12.0% in the 2nd quarter. Wellington Management Group LLP now owns 15,072,154 shares of the energy producer’s stock worth $1,566,901,000 after purchasing an additional 1,609,759 shares during the period. Bank of America Corp DE acquired a new position in shares of ConocoPhillips in the 2nd quarter valued at about $1,260,482,000. Finally, Primecap Management Co. CA acquired a new position in shares of ConocoPhillips in the 2nd quarter valued at about $1,204,726,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Technical momentum improved: COP reclaimed its 50-day moving average, a signal that technical analysts view as supportive of a short-term bullish trend. ConocoPhillips Just Reclaimed the 50-Day Moving Average
• Positive Sentiment: Oil-sector tailwinds remain favorable: ConocoPhillips and other major producers have benefited from elevated crude prices, partly linked to geopolitical tensions. The company recently reached a fresh 52-week high, reinforcing the stock’s momentum. ConocoPhillips Reaches a Fresh 52-Week High
• Neutral Sentiment: Analyst view is cautious but not bearish: Piper Sandler initiated coverage with a “neutral” rating and a $157 price target, implying modest additional upside. The average target cited elsewhere is $145, below recent trading levels, suggesting valuation may already reflect much of the favorable outlook. Piper Sandler ConocoPhillips Rating
• Neutral Sentiment: Momentum has been strong but volatile: COP gained 2.93% over the prior week before declining during the latest completed session, indicating continued sensitivity to broader market and energy-price movements. ConocoPhillips Weekly Momentum
• Negative Sentiment: Canadian workforce reductions add execution and sentiment risk: ConocoPhillips plans another round of Canadian job cuts as it restructures regional operations and aligns staffing with project priorities. The move may reduce costs, but it also highlights portfolio pressures and potential employee-relations risks. ConocoPhillips Plans Job Cuts in Canada

Analysts Set New Price Targets

COP has been the subject of a number of research reports. Piper Sandler started coverage on ConocoPhillips in a report on Tuesday. They set a “neutral” rating and a $157.00 target price for the company. Truist Financial raised their price target on shares of ConocoPhillips from $130.00 to $136.00 and gave the company a “hold” rating in a report on Wednesday, October 7th. Stifel Nicolaus assumed coverage on shares of ConocoPhillips in a report on Thursday, September 10th. They issued a “hold” rating and a $148.00 price target on the stock. Susquehanna lifted their price target on shares of ConocoPhillips from $161.00 to $175.00 and gave the company a “positive” rating in a research report on Tuesday, October 20th. Finally, Mizuho decreased their price objective on shares of ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.00.

ConocoPhillips Stock Up 0.7%

Shares of NYSE COP opened at $148.95 on Thursday. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $152.77. The company has a market cap of $178.94 billion, a P/E ratio of 19.70, a P/E/G ratio of 1.47 and a beta of 0.24. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $135.37 and a 200 day moving average price of $120.50.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, beating the consensus estimate of $2.90 by $0.34. The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%. The firm’s revenue was up 32.4% compared to the same quarter last year. During the same period last year, the company posted $1.42 earnings per share. Research analysts anticipate that ConocoPhillips will post 11.42 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a $0.84 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.36 annualized dividend and a dividend yield of 2.3%. ConocoPhillips’s dividend payout ratio is presently 44.44%.

Insider Activity

In other news, SVP Andrew Lundquist sold 9,487 shares of the stock in a transaction dated Friday, August 21st. The stock was 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 owned 9,593 shares in the company, valued at approximately $1,296,493.95. This trade represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

ConocoPhillips Profile

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

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.