Vise Technologies Inc. Buys 13,525 Shares of ConocoPhillips $COP

Vise Technologies Inc. increased its stake in shares of ConocoPhillips (NYSE:COP) by 19.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,989 shares of the energy producer’s stock after acquiring an additional 13,525 shares during the period. Vise Technologies Inc.’s holdings in ConocoPhillips were worth $10,386,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Grandfield & Dodd LLC raised its holdings in ConocoPhillips by 1.6% during the third quarter. Grandfield & Dodd LLC now owns 39,113 shares of the energy producer’s stock worth $4,895,000 after acquiring an additional 600 shares in the last quarter. Investment Partners LTD. bought a new position in shares of ConocoPhillips in the third quarter valued at $236,000. Cidel Asset Management Inc. grew its stake in shares of ConocoPhillips by 4.9% in the third quarter. Cidel Asset Management Inc. now owns 223,601 shares of the energy producer’s stock valued at $27,984,000 after buying an additional 10,521 shares in the last quarter. Unison Advisors LLC increased its holdings in ConocoPhillips by 0.8% during the third quarter. Unison Advisors LLC now owns 18,146 shares of the energy producer’s stock worth $2,271,000 after buying an additional 138 shares during the last quarter. Finally, Intrua Financial LLC raised its position in ConocoPhillips by 0.6% during the third quarter. Intrua Financial LLC now owns 17,362 shares of the energy producer’s stock worth $2,173,000 after acquiring an additional 100 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COP has been the subject of a number of analyst reports. Truist Financial lifted their price objective on shares of ConocoPhillips from $130.00 to $136.00 and gave the company a “hold” rating in a research report on Wednesday, October 7th. Susquehanna upped their target price on shares of ConocoPhillips from $161.00 to $175.00 and gave the company a “positive” rating in a report on Tuesday, October 20th. Wells Fargo & Company raised their target price on shares of ConocoPhillips from $183.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. UBS Group reiterated an “outperform” rating on shares of ConocoPhillips in a report on Monday. Finally, Zacks Research raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus target price of $145.08.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices—Brent crude was reported near $104 per barrel—are improving the earnings outlook for ConocoPhillips and other exploration and production companies. Analysts also see favorable indicators for a potential third-quarter earnings beat. ConocoPhillips to Report Q3 Earnings: What’s in the Cards?
• Positive Sentiment: ConocoPhillips is being highlighted as a relatively low-beta energy stock that may appeal to investors seeking resilience during market volatility. Its upstream portfolio, growth prospects and investment program are supporting the constructive view. Stay Ahead of Market Uncertainty With BP, XOM, COP and E
• Neutral Sentiment: Several valuation-focused reports describe COP as a strong value stock and emphasize its powerful multiyear performance, while noting that investors must determine whether current earnings can justify the elevated share price. ConocoPhillips Stock Stays Hard To Call On Strong Q2 Earnings
• Neutral Sentiment: Piper Sandler initiated coverage on ConocoPhillips, potentially increasing analyst attention, although the available report does not provide a rating or price target. Piper Sandler Initiates Coverage on ConocoPhillips
• Negative Sentiment: Technical analysts warn that COP may be overbought after its strong gains, with a relative-strength reading above 70. That raises the risk of profit-taking or a pullback if oil prices or earnings disappoint. Top 3 Energy Stocks You May Want To Dump In Q4
• Negative Sentiment: Reported job cuts in Alberta add a near-term reputational and operational concern, while comparisons with Chevron and EOG Resources highlight uncertainty over how well ConocoPhillips’ dividend would hold up during a major oil-price downturn. ConocoPhillips Cuts Alberta Jobs

ConocoPhillips Price Performance

Shares of COP opened at $154.10 on Monday. The firm has a market capitalization of $185.13 billion, a PE ratio of 20.38, a PEG ratio of 1.50 and a beta of 0.16. The company’s 50-day moving average is $136.14 and its 200-day moving average is $121.05. ConocoPhillips has a fifty-two week low of $85.57 and a fifty-two week high of $154.28. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping the consensus estimate of $2.90 by $0.34. The business had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. ConocoPhillips’s revenue was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.42 EPS. Equities analysts forecast that ConocoPhillips will post 11.41 EPS for the current year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Monday, August 17th. ConocoPhillips’s payout ratio is currently 44.44%.

Insider Activity

In other news, SVP Andrew Lundquist sold 9,487 shares of the company’s 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 transaction, the senior vice president owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by corporate insiders.

ConocoPhillips Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing oil, natural gas and natural gas liquids. Unlike integrated energy companies, it primarily focuses on upstream activities rather than operating large refining or retail fuel businesses.

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.