Truist Financial Corp Lowers Holdings in ConocoPhillips $COP

Truist Financial Corp decreased its stake in shares of ConocoPhillips (NYSE:COP) by 4.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 474,898 shares of the energy producer’s stock after selling 23,431 shares during the quarter. Truist Financial Corp’s holdings in ConocoPhillips were worth $44,455,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in COP. Capital International Investors raised its stake in ConocoPhillips by 18.2% during the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock valued at $4,318,239,000 after buying an additional 7,037,873 shares during the last quarter. Primecap Management Co. CA increased its holdings in shares of ConocoPhillips by 31.3% in the 3rd quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer’s stock worth $979,102,000 after purchasing an additional 2,467,555 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of ConocoPhillips by 20.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,994,674 shares of the energy producer’s stock worth $1,228,886,000 after purchasing an additional 2,216,010 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of ConocoPhillips in the 3rd quarter worth $135,265,000. Finally, SG Americas Securities LLC increased its holdings in shares of ConocoPhillips by 505.9% in the 4th quarter. SG Americas Securities LLC now owns 589,980 shares of the energy producer’s stock worth $55,228,000 after purchasing an additional 735,319 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Q1 earnings beat — ConocoPhillips reported adjusted Q1 profits above estimates, which underpins the company’s near‑term cash flow strength and supports dividend/capital return expectations. ConocoPhillips Beats Profit Estimates for Q1
• Positive Sentiment: Sahtu fracking approval — Canadian regulators cleared an expansion of fracking activity in the Sahtu region, giving COP a permit to grow production optionality in a North American basin. This is a project‑level positive for future volumes and reserve development. ConocoPhillips gets OK to expand Sahtu fracking
• Positive Sentiment: Analyst upgrades & technical setup — Several outlets note upward revisions to analysts’ earnings estimates and a bullish “hammer” technical pattern that investors cite as a buy‑the‑dip opportunity. That supports shorter‑term demand for the shares. Here’s Why ConocoPhillips (COP) Is a Great ‘Buy the Bottom’ Stock Now
• Positive Sentiment: Sector momentum & coverage — Energy sector strength and coverage/mentions from commentators (including Cramer) have kept investor interest elevated, which can amplify moves in COP alongside peers. Sector Update: Energy Stocks Higher Monday Afternoon
• Neutral Sentiment: Dividend/diversified themes — Coverage highlighting energy dividend momentum references COP among large producers; helpful context but not a near‑term catalyst by itself. ConocoPhillips, TC Energy results highlight energy dividend momentum
• Neutral Sentiment: Geopolitical/asset optionality — Broader industry interest in re‑engaging with Venezuela is noted; this is a long‑horizon factor that could offer optional upside but carries political and execution risk. Suddenly U.S. Oil Giants Are Taking Another Look at ‘Uninvestable’ Venezuela
• Negative Sentiment: Valuation/price‑target caution — Some analysts and outlets argue COP is a “hold” after a large YTD run (and a ~46% rise in prior coverage), noting consensus price targets may lag the rally and limit near‑term upside. That tempering view is likely pressuring the stock today. Despite Soaring 46%, ConocoPhillips Is a Hold as Price Target Trails

Insider Activity at ConocoPhillips

In related news, SVP Kelly Brunetti Rose sold 8,500 shares of ConocoPhillips stock in a transaction on Monday, March 9th. The stock was sold at an average price of $118.04, for a total transaction of $1,003,340.00. Following the transaction, the senior vice president directly owned 32,984 shares in the company, valued at approximately $3,893,431.36. The trade was a 20.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy A. Leach sold 40,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $118.79, for a total value of $4,751,600.00. Following the completion of the transaction, the director owned 411,211 shares in the company, valued at $48,847,754.69. The trade was a 8.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 734,891 shares of company stock valued at $93,345,692 in the last ninety days. Corporate insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. UBS Group lifted their target price on ConocoPhillips from $130.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Scotiabank lifted their target price on ConocoPhillips from $100.00 to $125.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Zacks Research raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Capital One Financial lifted their target price on ConocoPhillips from $116.00 to $156.00 and gave the stock an “equal weight” rating in a report on Thursday, March 26th. Finally, BMO Capital Markets lifted their price objective on ConocoPhillips from $130.00 to $140.00 and gave the stock an “outperform” rating in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.04.

ConocoPhillips Stock Performance

Shares of COP opened at $123.32 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a one year low of $84.28 and a one year high of $135.87. The firm has a market capitalization of $150.24 billion, a P/E ratio of 20.94, a PEG ratio of 1.76 and a beta of 0.14. The business has a fifty day moving average of $122.43 and a 200 day moving average of $104.69.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.17. The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.ConocoPhillips’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. As a group, sell-side analysts anticipate that ConocoPhillips will post 9.47 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be given a dividend of $0.84 per share. The ex-dividend date is Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 2.7%. ConocoPhillips’s payout ratio is 57.05%.

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.