Fulton Bank N.A. Has $2.89 Million Stock Holdings in ConocoPhillips $COP

Fulton Bank N.A. trimmed its holdings in ConocoPhillips (NYSE:COP) by 22.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,895 shares of the energy producer’s stock after selling 8,756 shares during the quarter. Fulton Bank N.A.’s holdings in ConocoPhillips were worth $2,892,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in COP. TD Waterhouse Canada Inc. grew its stake in shares of ConocoPhillips by 3.3% during the second quarter. TD Waterhouse Canada Inc. now owns 17,719 shares of the energy producer’s stock valued at $1,630,000 after purchasing an additional 565 shares during the last quarter. Prudential PLC bought a new position in ConocoPhillips in the 2nd quarter worth approximately $1,240,000. Magnetar Financial LLC acquired a new position in ConocoPhillips during the 2nd quarter worth $254,000. Evelyn Partners Investment Management LLP boosted its position in ConocoPhillips by 123.4% in the 2nd quarter. Evelyn Partners Investment Management LLP now owns 6,691 shares of the energy producer’s stock valued at $600,000 after buying an additional 3,696 shares during the last quarter. Finally, Evelyn Partners Investment Management Services Ltd increased its stake in shares of ConocoPhillips by 442.0% in the 2nd quarter. Evelyn Partners Investment Management Services Ltd now owns 439 shares of the energy producer’s stock valued at $39,000 after buying an additional 358 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips was a bidder in a record Alaska National Petroleum Reserve lease sale that drew roughly $163 million in high bids, signaling renewed upstream access and long‑term resource optionality for COP in the Arctic. Record Arctic Alaska auction lures ExxonMobil, Shell, Repsol and ConocoPhillips
• Positive Sentiment: Geopolitical flare-ups (missile attacks affecting LNG facilities) have pushed crude and energy prices higher, which should boost ConocoPhillips’ revenue and cash flow in the near term given its oil exposure. Oil Prices Surge After Attacks on Energy Assets in Qatar; Energy Stocks Higher in Premarket Trading
• Positive Sentiment: Mizuho raised its price target on COP to $136, reflecting bullish analyst sentiment that can support investor confidence and buying interest. Mizuho Raises ConocoPhillips (NYSE:COP) Price Target to $136.00
• Neutral Sentiment: ConocoPhillips scheduled its first‑quarter earnings conference call for April 30; investors will watch the call for updated production, capex guidance and margin commentary that could move the stock. ConocoPhillips to hold first-quarter earnings conference call on Thursday, April 30
• Neutral Sentiment: Analysts and press note U.S. oil producers could see a near‑term windfall from higher crude (an estimate cited ~$63B), but they also warn prolonged geopolitical conflict could harm demand and operations—an ambiguous signal for investors. U.S. oil producers could get $63 billion boost from high crude prices
• Negative Sentiment: An executive stock sale: a ConocoPhillips SVP sold about $4.13 million of COP shares, which investors sometimes view as a near‑term negative signal on insider sentiment even if sales are for diversification or other reasons. ConocoPhillips (NYSE:COP) SVP Sells $4,128,960.00 in Stock

ConocoPhillips Stock Up 0.6%

Shares of ConocoPhillips stock opened at $126.78 on Monday. The business has a fifty day simple moving average of $109.30 and a 200 day simple moving average of $97.85. The stock has a market cap of $156.66 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 3.49 and a beta of 0.27. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $128.13.

ConocoPhillips (NYSE:COP) last released its 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). ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The company had revenue of $13.86 billion during the quarter, compared to analyst estimates of $14.35 billion. During the same period in the previous year, the company posted $1.98 EPS. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. Research analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 18th were given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio (DPR) is currently 53.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on COP shares. Jefferies Financial Group boosted their target price on ConocoPhillips from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Johnson Rice lowered ConocoPhillips from an “accumulate” rating to a “hold” rating and lowered their price objective for the stock from $108.00 to $105.00 in a research report on Friday, December 5th. Bank of America reiterated an “underperform” rating and issued a $102.00 price objective on shares of ConocoPhillips in a research report on Friday, January 16th. Raymond James Financial upped their target price on shares of ConocoPhillips from $113.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Finally, Morgan Stanley reduced their target price on shares of ConocoPhillips from $117.00 to $108.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average target price of $120.38.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, SVP Kelly Brunetti Rose sold 8,500 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $118.04, for a total value of $1,003,340.00. Following the sale, the senior vice president directly owned 32,984 shares in the company, valued at approximately $3,893,431.36. This trade represents a 20.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Nicholas G. Olds sold 14,522 shares of ConocoPhillips stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $119.36, for a total transaction of $1,733,345.92. Following the transaction, the executive vice president directly owned 12,389 shares in the company, valued at approximately $1,478,751.04. This represents a 53.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 100,176 shares of company stock worth $11,934,877 over the last ninety days. 0.24% of the stock is owned by corporate insiders.

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.