ConocoPhillips $COP Stock Holdings Lessened by Fifth Third Bancorp

Fifth Third Bancorp lessened its stake in ConocoPhillips (NYSE:COP) by 2.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 801,121 shares of the energy producer’s stock after selling 16,813 shares during the quarter. Fifth Third Bancorp’s holdings in ConocoPhillips were worth $100,260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Carolina Wealth Advisors LLC acquired a new position in ConocoPhillips during the third quarter worth $28,000. Frazier Financial Advisors LLC lifted its stake in ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after acquiring an additional 145 shares during the last quarter. Allied Private Wealth LLC acquired a new stake in ConocoPhillips in the second quarter valued at $32,000. William Mack & Associates Inc. bought a new position in shares of ConocoPhillips in the 3rd quarter valued at about $34,000. Finally, Evergreen Advisors LLC bought a new position in shares of ConocoPhillips in the 1st quarter valued at about $36,000. 82.36% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, SVP Andrew Lundquist sold 9,487 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president owned 9,593 shares in the company, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

COP has been the topic of several recent analyst reports. Mizuho set a $149.00 price objective on shares of ConocoPhillips in a research note on Thursday, November 5th. Raymond James Financial reiterated an “outperform” rating and issued a $170.00 target price on shares of ConocoPhillips in a research note on Monday, November 2nd. Truist Financial lifted their price target on ConocoPhillips from $136.00 to $142.00 and gave the stock a “hold” rating in a report on Monday. Piper Sandler initiated coverage on ConocoPhillips in a report on Tuesday, October 27th. They set a “neutral” rating and a $157.00 price target for the company. Finally, Wells Fargo & Company lowered their price target on ConocoPhillips from $189.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.69.

ConocoPhillips News Summary

These are some of the COP news items that stood out recently:

• Positive Sentiment: ConocoPhillips raised its quarterly dividend by 10.7%, adding to shareholder returns. The increase is encouraging, though investors will weigh whether free cash flow can sustain the payout. Article: ConocoPhillips Just Raised Its Dividend 10.7%. Does Its Free Cash Flow Cover the 2.5% Yield?
• Neutral Sentiment: The company expects to spend modestly less on capital projects in 2027 while pursuing production growth through low-cost assets and efficiency gains. This could support cash flow, but investors will look for evidence that the plan can deliver growth despite lower spending. Article: Can ConocoPhillips Sustain Future Production Growth With Lower CapEx?
• Negative Sentiment: Freedom Broker lowered its rating from “buy” to “hold.” Although it raised its price target to $138 from $122, that target implies little upside from the cited $137.75 share price, signaling limited near-term valuation potential. Article: Freedom Broker rating information

ConocoPhillips Trading Up 1.6%

COP stock opened at $137.75 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.52 and a quick ratio of 1.37. The company has a fifty day moving average price of $137.10 and a two-hundred day moving average price of $122.68. ConocoPhillips has a one year low of $85.70 and a one year high of $154.28. The stock has a market cap of $162.87 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 1.25 and a beta of 0.16.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, November 5th. The energy producer reported $3.27 EPS for the quarter, beating the consensus estimate of $3.05 by $0.22. The firm had revenue of $19.43 billion for the quarter, compared to the consensus estimate of $18.59 billion. ConocoPhillips had a net margin of 16.55% and a return on equity of 17.60%. The company’s quarterly revenue was up 29.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.61 earnings per share. Equities analysts anticipate that ConocoPhillips will post 12.09 EPS for the current year.

ConocoPhillips Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Monday, November 16th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, November 16th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.84. ConocoPhillips’s payout ratio is presently 39.08%.

About ConocoPhillips

ConocoPhillips is an independent exploration and production company focused on finding, developing and producing oil and natural gas. Its products include crude oil, natural gas, liquefied natural gas and natural gas liquids. The company operates in several regions, including North America, Europe, the Middle East, North Africa and the Asia-Pacific. Its activities span exploration, development and production, with a portfolio that includes both conventional and unconventional resources. ConocoPhillips was formed in 2002 through the merger of Conoco and Phillips Petroleum.