ConocoPhillips $COP Shares Bought by Jacobs & Co. CA

Jacobs & Co. CA boosted its position in shares of ConocoPhillips (NYSE:COP) by 2,525.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 89,812 shares of the energy producer’s stock after acquiring an additional 86,391 shares during the period. Jacobs & Co. CA’s holdings in ConocoPhillips were worth $11,240,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Patten Group Inc. increased its stake in shares of ConocoPhillips by 1.5% in the first quarter. Patten Group Inc. now owns 5,447 shares of the energy producer’s stock worth $719,000 after purchasing an additional 83 shares in the last quarter. IFC Advisors LLC raised its position in shares of ConocoPhillips by 0.4% during the 1st quarter. IFC Advisors LLC now owns 20,182 shares of the energy producer’s stock valued at $2,664,000 after purchasing an additional 84 shares during the period. Cornerstone Planning Group LLC lifted its stake in shares of ConocoPhillips by 9.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,006 shares of the energy producer’s stock valued at $124,000 after buying an additional 88 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of ConocoPhillips by 0.4% during the 1st quarter. Blue Trust Inc. now owns 21,144 shares of the energy producer’s stock valued at $2,791,000 after buying an additional 92 shares in the last quarter. Finally, Sigma Planning Corp boosted its holdings in ConocoPhillips by 0.6% in the 1st quarter. Sigma Planning Corp now owns 16,062 shares of the energy producer’s stock worth $2,120,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the topic of a number of recent analyst reports. Wall Street Zen raised ConocoPhillips from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Truist Financial upped their price objective on ConocoPhillips from $130.00 to $136.00 and gave the stock a “hold” rating in a research note on Wednesday. Argus increased their target price on ConocoPhillips from $136.00 to $153.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Jefferies Financial Group lifted their target price on ConocoPhillips from $159.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Raymond James Financial reissued an “underperform” rating and issued a $168.00 price target on shares of ConocoPhillips in a report on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.29.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices and supply concerns: Crude prices rose after a tanker attack disrupted traffic through the Strait of Hormuz, while hurricane-related shutdowns reduced Gulf of Mexico production. A larger-than-expected decline in U.S. inventories further tightened the market, improving the earnings and cash-flow outlook for upstream producers such as COP. ConocoPhillips gains as oil prices jump on supply fears
• Positive Sentiment: Potential $7 billion asset transaction: ConocoPhillips is evaluating an unsolicited offer for certain assets. Although the company has not committed to a sale, a transaction of that size could unlock value, strengthen the balance sheet, or fund shareholder returns if completed. With Oil Over $100 and a $7 Billion Offer on the Table
• Positive Sentiment: Constructive earnings expectations: Zacks upgraded COP from “hold” to “strong-buy,” citing its history of earnings surprises and favorable conditions for another beat. The company’s latest report exceeded consensus EPS and revenue estimates, reaffirmed full-year guidance, and highlighted strong operating cash flow and increased share repurchases. Will ConocoPhillips Beat Estimates Again?
• Positive Sentiment: Firm demand outlook: Coverage points to resilient crude and LNG demand, while several analysts maintain favorable ratings and price targets above the recent trading level. ConocoPhillips Stays in Focus as Crude and LNG Demand Firm
• Neutral Sentiment: Mixed institutional positioning: Some major institutions increased their COP holdings, but others reduced exposure, suggesting broad investor interest without a uniform conviction signal.
• Negative Sentiment: Insider selling: Three insiders sold shares during the past six months and no open-market purchases were reported. The sales may modestly temper sentiment, although they do not necessarily indicate a change in the company’s fundamentals.

ConocoPhillips Stock Down 0.1%

Shares of COP stock opened at $134.12 on Friday. The company’s fifty day simple moving average is $129.66 and its two-hundred day simple moving average is $122.05. ConocoPhillips has a 52 week low of $85.57 and a 52 week high of $141.62. The stock has a market cap of $161.12 billion, a P/E ratio of 17.74, a PEG ratio of 1.38 and a beta of 0.24. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%. The firm had revenue of $19.52 billion during the quarter, compared to analyst estimates of $18.79 billion. During the same quarter last year, the business posted $1.42 earnings per share. The business’s quarterly revenue was up 32.4% compared to the same quarter last year. Analysts predict that ConocoPhillips will post 10.84 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, August 17th. ConocoPhillips’s dividend payout ratio (DPR) is currently 44.44%.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of ConocoPhillips stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $135.15, for a total value of $1,282,168.05. Following the sale, the senior vice president owned 9,593 shares of the company’s stock, 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 SEC, which is available through the SEC website. 0.09% of the stock is currently owned by insiders.

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.