Diamond Hill Capital Management Inc. Sells 969,914 Shares of ConocoPhillips $COP

Diamond Hill Capital Management Inc. lowered its stake in ConocoPhillips (NYSE:COP) by 18.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 4,151,201 shares of the energy producer’s stock after selling 969,914 shares during the period. ConocoPhillips makes up 2.0% of Diamond Hill Capital Management Inc.’s portfolio, making the stock its 14th largest holding. Diamond Hill Capital Management Inc.’s holdings in ConocoPhillips were worth $388,594,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of COP. AXA S.A. boosted its holdings in shares of ConocoPhillips by 91.1% during the second quarter. AXA S.A. now owns 84,937 shares of the energy producer’s stock worth $7,622,000 after acquiring an additional 40,499 shares during the period. Sei Investments Co. increased its stake in shares of ConocoPhillips by 6.1% during the second quarter. Sei Investments Co. now owns 784,368 shares of the energy producer’s stock worth $70,397,000 after purchasing an additional 44,852 shares during the period. BNP Paribas bought a new position in shares of ConocoPhillips during the second quarter worth approximately $33,000. Osterweis Capital Management Inc. acquired a new stake in ConocoPhillips during the 2nd quarter worth approximately $151,000. Finally, Main Street Financial Solutions LLC lifted its holdings in ConocoPhillips by 53.5% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,806 shares of the energy producer’s stock worth $431,000 after purchasing an additional 1,675 shares during the last quarter. 82.36% of the stock is owned by institutional investors.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Morgan Stanley raised its price target on ConocoPhillips to $153 from $149 and reiterated an overweight rating, signaling continued upside confidence from Wall Street.
• Positive Sentiment: Zacks highlighted COP as one of several attractive low price-to-sales value stocks, suggesting investors may view the shares as undervalued relative to fundamentals.
• Positive Sentiment: Another Zacks note pointed to COP’s higher 2026 capital spending and longer wells in the Lower 48, indicating management is investing to support long-term production growth and maintain output momentum. Article: Can ConocoPhillips Sustain Long-Term Growth in the Lower 48?
• Positive Sentiment: Market screens also flagged COP as a high-ROE stock during a broader market selloff, reinforcing the view that ConocoPhillips remains a cash-generating energy name with strong profitability. Article: 5 Stocks With High ROE to Profit as Markets Skid on Tech Slump
• Neutral Sentiment: ConocoPhillips’ CEO said Venezuela’s efforts to attract oil firms are falling short, which suggests limited near-term opportunity there but does not appear to be a major catalyst for the stock. Article: ConocoPhillips Says Venezuela’s Bid to Woo Oil Firms Falls Short
• Neutral Sentiment: Separately, Zacks published an “undervalued right now” style note on COP, but it was largely a screening/valuation piece rather than a fresh operational update. Article: Is ConocoPhillips (COP) Stock Undervalued Right Now?

ConocoPhillips Price Performance

ConocoPhillips stock opened at $120.62 on Friday. The firm has a market cap of $146.94 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.41 and a beta of 0.14. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The stock’s fifty day moving average price is $123.61 and its two-hundred day moving average price is $107.36. ConocoPhillips has a one year low of $84.28 and a one year high of $135.87.

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 analysts’ consensus estimates of $1.72 by $0.17. The firm had revenue of $15.76 billion during 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%.The company’s revenue was down 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $2.09 EPS. As a group, research analysts expect that ConocoPhillips will post 9.63 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed 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 of this dividend is Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 2.8%. ConocoPhillips’s dividend payout ratio is currently 57.05%.

Insider Buying and Selling at ConocoPhillips

In other news, EVP Nicholas G. Olds sold 6,994 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $127.06, for a total value of $888,657.64. Following the completion of the transaction, the executive vice president directly owned 5,395 shares in the company, valued at approximately $685,488.70. The trade was a 56.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Michael Lance sold 113,221 shares of the company’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total transaction of $15,025,558.91. Following the sale, the chief executive officer directly owned 350,000 shares of the company’s stock, valued at approximately $46,448,500. This trade represents a 24.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 734,891 shares of company stock valued at $93,345,692 over the last three months. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on COP. Zacks Research raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Capital One Financial dropped their target price on ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of ConocoPhillips from $98.00 to $103.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Argus upped their price target on shares of ConocoPhillips from $128.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Wolfe Research raised their price target on shares of ConocoPhillips from $138.00 to $144.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $133.28.

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.