USS Investment Management Ltd Sells 16,052 Shares of ConocoPhillips $COP

USS Investment Management Ltd trimmed its stake in shares of ConocoPhillips (NYSE:COP) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,212 shares of the energy producer’s stock after selling 16,052 shares during the quarter. USS Investment Management Ltd’s holdings in ConocoPhillips were worth $17,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Venture Visionary Partners LLC raised its position in shares of ConocoPhillips by 5.4% during the fourth quarter. Venture Visionary Partners LLC now owns 24,153 shares of the energy producer’s stock worth $2,261,000 after acquiring an additional 1,231 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in ConocoPhillips by 1,486.6% in the fourth quarter. Panagora Asset Management Inc. now owns 122,993 shares of the energy producer’s stock valued at $11,513,000 after buying an additional 115,241 shares during the period. Perryman Financial Advisory Inc. AD acquired a new position in ConocoPhillips in the fourth quarter valued at $4,871,000. Potomac Fund Management Inc. ADV lifted its holdings in ConocoPhillips by 2.6% in the fourth quarter. Potomac Fund Management Inc. ADV now owns 11,444 shares of the energy producer’s stock valued at $1,071,000 after buying an additional 293 shares during the period. Finally, Palisade Asset Management LLC lifted its holdings in ConocoPhillips by 1.1% in the fourth quarter. Palisade Asset Management LLC now owns 12,649 shares of the energy producer’s stock valued at $1,184,000 after buying an additional 135 shares during the period. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Performance

NYSE:COP opened at $116.59 on Monday. The firm has a market cap of $142.04 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 1.30 and a beta of 0.11. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. The business’s fifty day moving average is $120.62 and its 200 day moving average is $110.62. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $135.87.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. The business had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the company earned $2.09 EPS. Research analysts predict that ConocoPhillips will post 10.03 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a dividend of $0.84 per share. The ex-dividend date was Monday, May 11th. This represents a $3.36 annualized dividend and a dividend yield of 2.9%. ConocoPhillips’s dividend payout ratio is 57.05%.

Analysts Set New Price Targets

A number of brokerages have weighed in on COP. Mizuho lifted their target price on ConocoPhillips from $136.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Capital One Financial lowered their target price on ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday, May 18th. Morgan Stanley lifted their target price on ConocoPhillips from $149.00 to $153.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Citigroup lifted their target price on ConocoPhillips from $135.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Finally, Roth Mkm downgraded ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a report on Tuesday, February 17th. Seventeen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.48.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips has been trading higher alongside the broader rebound in energy stocks, with crude prices and sector momentum helping support investor demand. ConocoPhillips (COP) Rises Higher Than Market: Key Facts
• Positive Sentiment: Wall Street remains broadly constructive on ConocoPhillips, with reports citing 18 buy ratings and no sell ratings, reinforcing the view that analysts still expect solid upside potential. Wall Street Has 18 Buy Ratings on ConocoPhillips and Zero Sells. Our Price Target Says They Are All Wrong
• Positive Sentiment: ConocoPhillips continues to be highlighted as a strong value stock, which can attract investors looking for cash-flow-generating energy names at reasonable valuations. Here’s Why ConocoPhillips (COP) is a Strong Value Stock
• Neutral Sentiment: ConocoPhillips was included in a TotalEnergies-led offshore exploration MoU in Syria, but the news is early-stage and appears more strategic than immediately material to earnings. TotalEnergies (TTE), QatarEnergy, ConocoPhillips (COP) Sign MoU to Explore Offshore Block 3
• Negative Sentiment: Some commentary suggests the recent rebound may have pushed ConocoPhillips above fair value, with one note arguing the stock could be priced ahead of fundamentals despite the bullish analyst backdrop. Wall Street Has 18 Buy Ratings on ConocoPhillips and Zero Sells. Our Price Target Says They Are All Wrong
• Negative Sentiment: Recent insider selling added a small cautionary note for investors, though the move appears limited relative to the broader bullish trend. Top ConocoPhillips Insider Makes Notable Move in Latest Stock Transaction

Insider Activity

In other news, SVP Kelly Brunetti Rose sold 7,700 shares of the stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the transaction, the senior vice president directly owned 25,284 shares in the company, valued at approximately $3,287,678.52. This represents a 23.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nicholas G. Olds sold 6,994 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $127.06, for a total value of $888,657.64. Following the transaction, the executive vice president owned 5,395 shares in the company, valued at $685,488.70. This trade represents a 56.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 634,715 shares of company stock worth $81,410,816. 0.09% of the stock is currently owned by insiders.

About ConocoPhillips

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.