Diamond Hill Capital Management Inc. Has $484.41 Million Stock Position in ConocoPhillips $COP

Diamond Hill Capital Management Inc. trimmed its position in shares of ConocoPhillips (NYSE:COP) by 5.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,121,115 shares of the energy producer’s stock after selling 313,741 shares during the quarter. ConocoPhillips accounts for 2.3% of Diamond Hill Capital Management Inc.’s investment portfolio, making the stock its 9th largest holding. Diamond Hill Capital Management Inc.’s holdings in ConocoPhillips were worth $484,406,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of COP. Howard Hughes Medical Institute acquired a new position in ConocoPhillips during the 2nd quarter valued at about $25,000. Cloud Capital Management LLC bought a new position in shares of ConocoPhillips in the third quarter valued at approximately $26,000. Bogart Wealth LLC boosted its position in shares of ConocoPhillips by 136.8% during the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after buying an additional 182 shares during the last quarter. Activest Wealth Management grew its holdings in ConocoPhillips by 249.5% during the second quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock worth $29,000 after buying an additional 232 shares in the last quarter. Finally, Cedar Mountain Advisors LLC grew its holdings in ConocoPhillips by 58.0% during the third quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock worth $30,000 after buying an additional 116 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Management committed to returning 45% of operating cash flow to shareholders (boosting yield/total-return prospects), supported by strong reported cash generation. ConocoPhillips Stock Still Looks Cheap – What’s The Best Play Here?
• Positive Sentiment: Wells Fargo raised its price target to $133 and kept an overweight rating — a material upside call that can attract momentum buyers. Wells Fargo raises PT to $133
• Neutral Sentiment: CEO Ryan Lance signaled a shift toward organic growth and international expansion (less M&A focus) — a strategic pivot that could change capital allocation and growth tempo over time. Analyst: Focus on organic growth
• Neutral Sentiment: Articles flag a Venezuela monetization-first approach (collect payments/settlements before ramping drilling) — could unlock value but is execution- and timing-dependent. Venezuela strategy piece
• Negative Sentiment: Q4 results missed consensus: non‑GAAP EPS $1.02 vs. estimates (~$1.23) and revenue slightly below expectations; management cited weaker realized oil prices — the miss pressured shares and remains a near-term earnings risk. Reuters: Q4 earnings miss
• Negative Sentiment: JPMorgan’s updated target ($103, neutral) implies limited near-term upside from current levels — a restraint on bullish investor positioning. JPMorgan maintains neutral PT $103

Analysts Set New Price Targets

COP has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ConocoPhillips in a report on Monday, December 29th. Johnson Rice cut shares of ConocoPhillips from an “accumulate” rating to a “hold” rating and cut their price target for the stock from $108.00 to $105.00 in a report on Friday, December 5th. Jefferies Financial Group reaffirmed a “buy” rating on shares of ConocoPhillips in a research report on Monday, December 15th. Capital One Financial lifted their target price on shares of ConocoPhillips from $111.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 20th. Finally, Wells Fargo & Company boosted their target price on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and an average price target of $114.35.

ConocoPhillips Trading Up 2.6%

NYSE:COP opened at $107.69 on Friday. The stock has a market capitalization of $133.07 billion, a PE ratio of 16.99 and a beta of 0.32. The firm’s 50 day moving average is $96.50 and its 200 day moving average is $93.72. The company has a current ratio of 1.30, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $108.43.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.21). The firm had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.35 billion. ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS. Sell-side analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th will be issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a yield of 3.1%. ConocoPhillips’s payout ratio is presently 47.52%.

Insiders Place Their Bets

In other news, CEO Ryan Michael Lance sold 500,708 shares of the firm’s stock in a transaction that occurred 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 trade represents a 60.57% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William H. Mcraven acquired 5,768 shares of ConocoPhillips stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of $86.68 per share, with a total value of $499,970.24. Following the purchase, the director owned 5,768 shares of the company’s stock, valued at $499,970.24. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.24% of the company’s stock.

About ConocoPhillips

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.