Inceptionr LLC Lowers Stock Holdings in ConocoPhillips $COP

Inceptionr LLC trimmed its stake in ConocoPhillips (NYSE:COP) by 30.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,095 shares of the energy producer’s stock after selling 5,762 shares during the period. Inceptionr LLC’s holdings in ConocoPhillips were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in COP. AXA S.A. boosted its position in ConocoPhillips by 91.1% in the 2nd quarter. AXA S.A. now owns 84,937 shares of the energy producer’s stock valued at $7,622,000 after buying an additional 40,499 shares during the period. Sei Investments Co. boosted its position in ConocoPhillips by 6.1% in the 2nd quarter. Sei Investments Co. now owns 784,368 shares of the energy producer’s stock valued at $70,397,000 after buying an additional 44,852 shares during the period. BNP Paribas purchased a new stake in ConocoPhillips in the 2nd quarter valued at about $33,000. Osterweis Capital Management Inc. purchased a new position in ConocoPhillips during the 2nd quarter worth $151,000. Finally, Main Street Financial Solutions LLC raised its position in ConocoPhillips by 53.5% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,806 shares of the energy producer’s stock valued at $431,000 after purchasing an additional 1,675 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Nicholas G. Olds sold 6,994 shares of ConocoPhillips stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $127.06, for a total value of $888,657.64. Following the transaction, the executive vice president directly owned 5,395 shares in the company, valued at approximately $685,488.70. This trade represents a 56.45% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Michael Lance sold 506,800 shares of ConocoPhillips stock in a transaction on Friday, March 20th. The shares were sold at an average price of $127.26, for a total value of $64,495,368.00. Following the completion of the transaction, the chief executive officer owned 6,835 shares in the company, valued at $869,822.10. This represents a 98.67% 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 sold 671,869 shares of company stock worth $85,857,406. Insiders own 0.09% of the company’s stock.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Crude-oil sentiment improved as Middle East supply disruptions and tight inventory conditions kept a floor under oil prices, benefiting large U.S. exploration and production names like ConocoPhillips. Article Title
• Positive Sentiment: Zacks highlighted ConocoPhillips as an energy name positioned to navigate industry pressures, reinforcing the view that COP is relatively well placed versus peers. Article Title
• Positive Sentiment: Broader energy-sector strength has helped improve sentiment toward oil stocks, with the sector outperforming the market this year and drawing renewed investor attention to names like COP. Article Title
• Neutral Sentiment: Recent commentary noted that ConocoPhillips did not fall as much as oil prices during a prior pullback, suggesting the stock may be trading more resiliently than crude itself, but without a major company-specific catalyst. Article Title
• Negative Sentiment: There was also a backdrop of mixed investor positioning, including significant institutional trimming in recent quarters, which can weigh on sentiment even as near-term oil prices improve. Article Title

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on COP shares. Barclays lifted their target price on ConocoPhillips from $136.00 to $155.00 and gave the company an “overweight” rating in a research report on Tuesday, May 26th. Roth Mkm lowered ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 target price for the company. in a research report on Tuesday, February 17th. Capital One Financial decreased their target price on ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. Scotiabank lifted their target price on ConocoPhillips from $100.00 to $125.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Wolfe Research lifted their target price on ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Seventeen investment 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.48.

ConocoPhillips Trading Up 2.6%

Shares of NYSE COP opened at $119.82 on Thursday. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $135.87. The business has a fifty day simple moving average of $121.19 and a two-hundred day simple moving average of $110.21. The firm has a market cap of $145.98 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.29 and a beta of 0.11. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The business 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. The business’s revenue was down 6.1% compared to the same quarter last year. Analysts expect that ConocoPhillips will post 10.03 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were issued a $0.84 dividend. The ex-dividend date was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.8%. ConocoPhillips’s dividend payout ratio (DPR) is currently 57.05%.

ConocoPhillips 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.