ConocoPhillips $COP Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its holdings in shares of ConocoPhillips (NYSE:COP) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 23,224,586 shares of the energy producer’s stock after selling 250,115 shares during the period. ConocoPhillips comprises approximately 0.7% of Massachusetts Financial Services Co. MA’s portfolio, making the stock its 28th biggest holding. Massachusetts Financial Services Co. MA’s holdings in ConocoPhillips were worth $2,196,814,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in ConocoPhillips by 0.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 40,382,724 shares of the energy producer’s stock worth $3,623,946,000 after buying an additional 287,970 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of ConocoPhillips by 1.6% during the 2nd quarter. Fisher Asset Management LLC now owns 14,393,875 shares of the energy producer’s stock worth $1,291,706,000 after acquiring an additional 224,201 shares in the last quarter. Ameriprise Financial Inc. grew 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 acquiring an additional 2,575,803 shares during the last quarter. Primecap Management Co. CA raised 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 purchasing an additional 3,135,315 shares during the period. Finally, Boston Partners raised its position in shares of ConocoPhillips by 4.0% during the second quarter. Boston Partners now owns 6,424,232 shares of the energy producer’s stock worth $577,471,000 after purchasing an additional 244,810 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on COP shares. Evercore ISI dropped their price target on ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating on the stock in a research note on Monday, October 6th. Morgan Stanley dropped their target price on shares of ConocoPhillips from $122.00 to $117.00 and set an “overweight” rating on the stock in a research report on Thursday, November 20th. The Goldman Sachs Group cut their price target on shares of ConocoPhillips from $111.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, October 17th. Capital One Financial decreased their price objective on shares of ConocoPhillips from $112.00 to $111.00 and set an “equal weight” rating for the company in a research note on Thursday, January 8th. Finally, Mizuho lifted their price objective on shares of ConocoPhillips from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

Insider Buying and Selling at ConocoPhillips

In other news, CEO Ryan Michael Lance sold 500,708 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the transaction, the chief executive officer owned 325,972 shares in the company, valued at approximately $30,152,410. This trade represents a 60.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Mcraven acquired 5,768 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was acquired at an average price of $86.68 per share, with a total value of $499,970.24. Following the completion of the acquisition, the director directly owned 5,768 shares of the company’s stock, valued at $499,970.24. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.24% of the company’s stock.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Confirmed gas discovery in Australia’s Otway Basin adds to reserves and strengthens ConocoPhillips’ natural‑gas growth optionality — supports longer‑term production and value of downstream/ LNG optionality. ConocoPhillips Confirms Second Gas Discovery in Australia’s Otway Basin ConocoPhillips Australia discovers additional gas in Otway basin Charlemont Trend
• Neutral Sentiment: International oil companies are lobbying for Venezuelan law changes to allow freer exports of oil they produce — could expand export volumes for majors if enacted, but outcomes and timing remain uncertain for ConocoPhillips. International oil companies push for quick reforms in Venezuela to give them control over oil exports
• Neutral Sentiment: Wolfe Research trimmed its price target (126→122) but kept an outperform rating — a modest sign of caution but still indicates upside versus the current price. Wolfe adjusts price target on ConocoPhillips to $122 from $126, maintains outperform rating
• Negative Sentiment: Bank of America reiterated an underperform stance (framed as a “sell equivalent”), citing relatively high oil breakevens for ConocoPhillips and preferring other names — this analyst view is pressuring sentiment. ConocoPhillips cut to sell equivalent at BofA on high oil breakeven; Ovintiv top oil pick
• Negative Sentiment: JPMorgan and other outlets published lower price targets (JPMorgan to $98; reports of a $6 reduction elsewhere), and MarketWatch highlighted COP’s recent underperformance vs. peers — multiple PT cuts and comparative underperformance are amplifying downside pressure. JPMorgan Chase & Co. Lowers ConocoPhillips (NYSE:COP) Price Target to $98.00 ConocoPhillips (COP) Price Target Lowered by $6 ConocoPhillips stock underperforms Thursday when compared to competitors
• Neutral Sentiment: Industry commentators continue to favor select midstream/refining/shipping names over majors in the near term, signaling rotation risk for large oil producers like COP even if fundamentals remain intact. Don’t Trade the Venezuela Headlines. Why We’re Skipping Oil Majors to Zero In on These Energy Stocks Instead.

ConocoPhillips Trading Down 0.8%

Shares of NYSE:COP opened at $98.18 on Friday. The firm has a fifty day moving average of $92.65 and a two-hundred day moving average of $92.91. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $106.20. The firm has a market capitalization of $121.32 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 2.69 and a beta of 0.32.

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

ConocoPhillips Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $0.84 dividend. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, November 17th. ConocoPhillips’s payout ratio is presently 47.52%.

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.