Truist Financial Corp Reduces Position in ConocoPhillips $COP

Truist Financial Corp lessened its stake in ConocoPhillips (NYSE:COP) by 13.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 498,329 shares of the energy producer’s stock after selling 76,382 shares during the quarter. Truist Financial Corp’s holdings in ConocoPhillips were worth $47,137,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in COP. Primecap Management Co. CA boosted its position in shares of ConocoPhillips by 66.0% during the second quarter. Primecap Management Co. CA now owns 7,883,455 shares of the energy producer’s stock worth $707,461,000 after buying an additional 3,135,315 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of ConocoPhillips by 31.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock worth $966,267,000 after purchasing an additional 2,575,803 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of ConocoPhillips by 6,156.1% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,508,169 shares of the energy producer’s stock valued at $135,343,000 after acquiring an additional 1,484,062 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of ConocoPhillips by 146.6% during the second quarter. First Trust Advisors LP now owns 2,315,757 shares of the energy producer’s stock valued at $207,816,000 after purchasing an additional 1,376,509 shares during the last quarter. Finally, Laurel Wealth Advisors LLC increased its position in shares of ConocoPhillips by 8,148.3% in the second quarter. Laurel Wealth Advisors LLC now owns 917,788 shares of the energy producer’s stock worth $82,362,000 after acquiring an additional 906,661 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the topic of a number of research reports. Evercore ISI dropped their target price on ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating on the stock in a report on Monday, October 6th. Capital One Financial upped their price target on ConocoPhillips from $111.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 20th. Piper Sandler dropped their target price on shares of ConocoPhillips from $115.00 to $109.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. The Goldman Sachs Group upped their price target on ConocoPhillips from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Finally, Bank of America reissued an “underperform” rating and set a $102.00 target price on shares of ConocoPhillips in a research report on Friday, January 16th. Sixteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.96.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, Director William H. Mcraven purchased 5,768 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average price of $86.68 per share, for a total transaction of $499,970.24. Following the purchase, the director owned 5,768 shares in the company, valued at approximately $499,970.24. The trade was a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Ryan Michael Lance sold 500,708 shares of the company’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $92.50, for a total value of $46,315,490.00. Following the completion of the transaction, the chief executive officer directly owned 325,972 shares in the company, valued at approximately $30,152,410. This represents a 60.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.24% of the stock is currently owned by corporate insiders.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Federal judge cleared ConocoPhillips Alaska to proceed with its winter exploration/drilling program in the National Petroleum Reserve–Alaska, preserving lease rights and near-term exploration options that could support future production and reserves. Federal judge rules that ConocoPhillips can proceed with winter drilling program
• Positive Sentiment: Geopolitical risk (Iran tensions) pushed oil prices higher, a tailwind for integrated producers like COP that boosts revenue/EBITDA and supports cash flow and shareholder returns. Oil Rallies On Iran War Fears
• Positive Sentiment: Broker commentary remains constructive — a Wolfe Research note highlighted upside potential for COP shares, which can support investor sentiment and buying interest. ConocoPhillips Stock Price Expected to Rise, Wolfe Research Analyst Says
• Neutral Sentiment: Headline coverage and elevated investor searches (Zacks/MarketBeat summaries) show increased attention on COP ahead of earnings — higher visibility can amplify moves in either direction but is not directional by itself. ConocoPhillips Increases Despite Market Slip
• Neutral Sentiment: The company is scheduled to report quarterly results soon; timing and beats/misses will be the primary near-term catalysts. Analysts’ expectation of lower EPS sets up a lower bar for sentiment if management provides reassuring guidance. ConocoPhillips Expected to Announce Quarterly Earnings
• Negative Sentiment: Zacks flags that analysts expect a decline in earnings for the upcoming quarter — if results disappoint or guidance is weak, the stock could reverse gains. Analysts Estimate ConocoPhillips to Report a Decline in Earnings
• Negative Sentiment: Operational and reputational risk after a mobile drilling rig toppled on tundra during transport; while ConocoPhillips says the incident won’t materially affect plans, the accident revived regulatory and environmental scrutiny that could raise costs or delays. Rig crash revives concerns about Alaska oil exploration

ConocoPhillips Stock Performance

COP stock opened at $102.85 on Friday. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $106.20. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The company has a market cap of $127.09 billion, a P/E ratio of 14.55, a price-to-earnings-growth ratio of 3.21 and a beta of 0.32. The business’s fifty day moving average is $94.37 and its 200-day moving average is $93.18.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.20. The company had revenue of $15.03 billion for the quarter, compared to analyst estimates of $14.51 billion. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same period last year, the business posted $1.78 earnings per share. Equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a dividend of $0.84 per share. The ex-dividend date was Monday, November 17th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 dividend on an annualized basis and a yield of 3.3%. ConocoPhillips’s dividend payout ratio is presently 47.52%.

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.