93,607 Shares in ConocoPhillips $COP Acquired by Covington Investment Advisors Inc.

Covington Investment Advisors Inc. acquired a new position in shares of ConocoPhillips (NYSE:COP) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 93,607 shares of the energy producer’s stock, valued at approximately $9,731,000. ConocoPhillips accounts for 1.3% of Covington Investment Advisors Inc.’s holdings, making the stock its 26th largest position.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Capital Square LLC purchased a new stake in shares of ConocoPhillips in the 2nd quarter worth $279,000. Meiji Yasuda Asset Management Co Ltd. purchased a new position in shares of ConocoPhillips during the second quarter valued at $3,098,000. Burk Holdings LLC purchased a new position in shares of ConocoPhillips during the second quarter valued at $54,000. True Freedom Investing LLC bought a new stake in shares of ConocoPhillips in the second quarter valued at about $10,536,000. Finally, LM Advisors LLC bought a new stake in shares of ConocoPhillips in the second quarter valued at about $277,000. 82.36% of the stock is owned by institutional investors.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips reported adjusted earnings of $3.24 per share, exceeding the $2.90 consensus estimate, while revenue reached $19.52 billion. The company also generated $7.2 billion in operating cash flow, doubled share repurchases and declared an $0.84 quarterly dividend, reinforcing confidence in cash generation and shareholder returns. ConocoPhillips Beats Earnings and Names New CEO
• Positive Sentiment: Higher crude prices have supported a broader energy-sector rally and improved the near-term earnings outlook for upstream producers such as COP. Analysts have also issued mostly favorable ratings, with a reported median price target of $146. ConocoPhillips Gains as Higher Oil Prices Add to Post-Earnings Momentum
• Positive Sentiment: Investors see additional upside if the company successfully executes its LNG strategy and Willow development. One analysis estimates COP could be approximately 6% below fair value under that growth scenario. ConocoPhillips Could Be 6% Below Fair Value If LNG and Willow Deliver
• Neutral Sentiment: Management is undergoing succession changes, including CEO Ryan Lance’s retirement and internal finance leadership appointments. The insider promotions provide continuity, but investors will monitor whether the new leadership maintains disciplined capital allocation. ConocoPhillips Gives Finance Chief Role to Insider
• Negative Sentiment: After its sharp advance, COP trades at a premium valuation, increasing sensitivity to oil prices and execution. Recent disclosures also show substantial insider selling, which could temper enthusiasm even though institutional and analyst activity remains broadly supportive. Is ConocoPhillips Stock a Buy as Growth Meets a Premium Valuation?

ConocoPhillips Price Performance

COP opened at $135.45 on Monday. The firm has a market capitalization of $162.72 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.43 and a beta of 0.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. The business’s 50-day moving average is $115.30 and its two-hundred day moving average is $117.77. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.88.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, beating the consensus estimate of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business had revenue of $19.52 billion during the quarter, compared to analyst estimates of $18.79 billion. During the same period in the prior year, the firm posted $1.42 earnings per share. The company’s quarterly revenue was up 32.4% on a year-over-year basis. Research analysts anticipate that ConocoPhillips will post 10.46 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, August 17th. ConocoPhillips’s payout ratio is 44.44%.

Analysts Set New Price Targets

Several research analysts have issued reports on COP shares. Capital One Financial dropped their target price on shares of ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating on the stock in a report on Monday, May 18th. Mizuho lowered their price target on shares of ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Jefferies Financial Group increased their price objective on shares of ConocoPhillips from $160.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, May 18th. UBS Group lifted their price objective on shares of ConocoPhillips from $143.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Finally, Zacks Research downgraded shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $139.21.

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.