Fiduciary Alliance LLC Sells 21,442 Shares of ConocoPhillips $COP

Fiduciary Alliance LLC cut its stake in ConocoPhillips (NYSE:COP) by 12.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,418 shares of the energy producer’s stock after selling 21,442 shares during the quarter. ConocoPhillips accounts for about 1.2% of Fiduciary Alliance LLC’s portfolio, making the stock its 12th biggest position. Fiduciary Alliance LLC’s holdings in ConocoPhillips were worth $19,723,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in ConocoPhillips during the fourth quarter worth about $25,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of ConocoPhillips during the 3rd quarter valued at $28,000. Board of the Pension Protection Fund bought a new position in ConocoPhillips in the 4th quarter worth about $28,000. Strive Asset Management LLC bought a new position in shares of ConocoPhillips in the third quarter worth approximately $28,000. Finally, BNP Paribas purchased a new stake in shares of ConocoPhillips during the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Price Performance

Shares of COP stock opened at $107.10 on Thursday. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The company has a market capitalization of $130.48 billion, a P/E ratio of 18.18, a P/E/G ratio of 1.22 and a beta of 0.11. The company’s 50-day simple moving average is $117.80 and its two-hundred day simple moving average is $111.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping the consensus estimate of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period last year, the business posted $2.09 EPS. ConocoPhillips’s quarterly revenue was down 6.1% on a year-over-year basis. As a group, equities analysts anticipate that ConocoPhillips will post 10.03 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is presently 57.05%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on COP shares. Citigroup raised their price objective on ConocoPhillips from $135.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Argus upped their target price on ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Morgan Stanley lifted their price objective on ConocoPhillips from $149.00 to $153.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. UBS Group increased their price objective on ConocoPhillips from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Finally, Truist Financial set a $128.00 price target on ConocoPhillips in a research note on Friday, May 1st. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.32.

Insider Activity at ConocoPhillips

In related news, CEO Ryan Michael Lance sold 113,221 shares of the company’s stock in a transaction on Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total transaction of $15,025,558.91. Following the completion of the sale, the chief executive officer directly owned 350,000 shares in the company, valued at $46,448,500. This represents a 24.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.09% of the company’s stock.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Roth Capital upgraded ConocoPhillips to Buy from Neutral, which can support the stock by signaling improved upside potential and valuation appeal. Roth Capital Upgrades ConocoPhillips (COP) to Buy. Here is Why
• Positive Sentiment: ConocoPhillips was highlighted among top S&P 500 dividend stocks, with an annual dividend yield around 3%, reinforcing its appeal for income-focused investors. 5 Best S&P 500 Stocks to Buy for Dividends
• Neutral Sentiment: Commentary suggested COP could benefit if crude prices remain firm, but the article was largely speculative and did not include a concrete catalyst. Should You Buy ConocoPhillips With Oil Below $75 a Barrel?
• Neutral Sentiment: Several energy-sector pieces focused on upstream pricing and crude-market conditions, which underscore that COP’s near-term direction remains closely tied to oil prices. ConocoPhillips (NYSE:COP) Slips As Crude Oil Pressure Builds
• Negative Sentiment: Recent coverage noted ConocoPhillips slipped as crude oil pressure built, and a broader risk-off tone in energy has likely contributed to the stock’s decline. ConocoPhillips (COP) Registers a Bigger Fall Than the Market: Important Facts to Note

ConocoPhillips Company 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.