5,159 ConocoPhillips $COP Shares Purchased by American National Bank & Trust

American National Bank & Trust lifted its stake in shares of ConocoPhillips (NYSE:COP) by 37.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,080 shares of the energy producer’s stock after purchasing an additional 5,159 shares during the period. American National Bank & Trust’s holdings in ConocoPhillips were worth $2,594,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC grew its holdings in ConocoPhillips by 151.0% during the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after acquiring an additional 145 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in ConocoPhillips during the 4th quarter worth approximately $25,000. Ballast Advisors LLC bought a new stake in ConocoPhillips in the 1st quarter valued at $36,000. Evergreen Advisors LLC acquired a new position in shares of ConocoPhillips during the first quarter worth about $36,000. Finally, Allied Private Wealth LLC acquired a new stake in shares of ConocoPhillips in the second quarter valued at approximately $32,000. 82.36% of the stock is owned by institutional investors.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips signed a 20-year agreement to purchase 1 million metric tons of LNG annually from Venture Global beginning in 2030. The deal expands COP’s long-term gas exposure and could support future cash flow, contributing to an estimate that the shares may be undervalued. ConocoPhillips Could Be 11% Undervalued Following New 20 Year LNG Deal
• Positive Sentiment: Management is reportedly reviewing the sale of its Norway business and UK Teesside assets, potentially valued at approximately $7 billion. A transaction could simplify the portfolio, increase capital flexibility and provide funds for shareholder returns or higher-return investments. ConocoPhillips Reviews Norway Business and UK Teesside Asset Divestment
• Positive Sentiment: Mizuho analyst Nitin Kumar reiterated a Buy rating and a $146 NAV-based price target, citing near-term earnings strength and longer-term LNG-driven cash-flow potential. Analyst Reiterates Buy on ConocoPhillips
• Neutral Sentiment: ConocoPhillips’ chairman said the long-term floor for oil prices could rise toward $70 per barrel. That would support producer cash flows, although the comment is an outlook rather than a new company-specific financial forecast. ConocoPhillips Chairman Sees Oil Price Floor Rising Toward $70
• Neutral Sentiment: Recent valuation articles compare COP with Cactus (WHD), while another compares COP’s performance with Calumet (CLMT) and the broader oil-and-energy group. These are relative-investment analyses and do not introduce a new operating catalyst. COP or WHD: Which Is the Better Value Stock Right Now?
• Negative Sentiment: The recent monthly share-price decline indicates near-term momentum has weakened after a strong year-to-date advance. In addition, potential asset sales remain under review, and management’s comments that Venezuela and Russia need greater stability and fair fiscal terms highlight geopolitical and investment uncertainties. ConocoPhillips Discusses Conditions for Investors to Return

Insider Buying and Selling at ConocoPhillips

In related news, SVP Andrew Lundquist sold 9,487 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the transaction, the senior vice president owned 9,593 shares in the company, valued at $1,296,493.95. The trade was a 49.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on COP shares. Weiss Ratings upgraded shares of ConocoPhillips from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Susquehanna boosted their price objective on shares of ConocoPhillips from $155.00 to $161.00 and gave the stock a “positive” rating in a research note on Tuesday, August 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $174.00 target price on shares of ConocoPhillips in a report on Tuesday. Mizuho reduced their price target on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Finally, Freedom Capital raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $143.29.

ConocoPhillips Trading Down 0.3%

NYSE COP traded down $0.39 during mid-day trading on Wednesday, reaching $128.96. 1,713,881 shares of the stock were exchanged, compared to its average volume of 8,128,951. The stock has a 50 day simple moving average of $128.85 and a 200-day simple moving average of $121.88. ConocoPhillips has a one year low of $85.57 and a one year high of $141.62. 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 stock has a market cap of $154.92 billion, a P/E ratio of 17.04, a P/E/G ratio of 1.35 and a beta of 0.24.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping the consensus estimate of $2.90 by $0.34. The business had revenue of $19.52 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the firm posted $1.42 earnings per share. On average, analysts anticipate that ConocoPhillips will post 10.54 EPS for the current year.

ConocoPhillips Announces Dividend

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

ConocoPhillips 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.