ConocoPhillips $COP Shares Bought by Cambridge Financial Group LLC

Cambridge Financial Group LLC lifted its position in shares of ConocoPhillips (NYSE:COP) by 87.2% during the third quarter, Holdings Channel.com reports. The firm owned 9,972 shares of the energy producer’s stock after acquiring an additional 4,646 shares during the period. Cambridge Financial Group LLC’s holdings in ConocoPhillips were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Byrne Asset Management LLC boosted its stake in shares of ConocoPhillips by 58.7% during the 3rd quarter. Byrne Asset Management LLC now owns 15,236 shares of the energy producer’s stock worth $1,907,000 after acquiring an additional 5,637 shares in the last quarter. Legacy Private Trust Co. increased its stake in shares of ConocoPhillips by 20.0% in the 3rd quarter. Legacy Private Trust Co. now owns 51,855 shares of the energy producer’s stock valued at $7,147,000 after purchasing an additional 8,635 shares in the last quarter. Central Pacific Bank Trust Division raised its holdings in ConocoPhillips by 45.1% in the 3rd quarter. Central Pacific Bank Trust Division now owns 8,515 shares of the energy producer’s stock worth $1,066,000 after purchasing an additional 2,645 shares during the period. General Partner Inc. boosted its position in ConocoPhillips by 112.3% during the third quarter. General Partner Inc. now owns 4,632 shares of the energy producer’s stock worth $580,000 after purchasing an additional 2,450 shares in the last quarter. Finally, Neville Rodie & Shaw Inc. boosted its position in ConocoPhillips by 239.0% during the third quarter. Neville Rodie & Shaw Inc. now owns 76,436 shares of the energy producer’s stock worth $9,566,000 after purchasing an additional 53,886 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on COP. Seaport Research Partners assumed coverage on ConocoPhillips in a research report on Thursday, September 3rd. They issued a “neutral” rating for the company. The Goldman Sachs Group decreased their target price on ConocoPhillips from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Wells Fargo & Company lifted their price target on shares of ConocoPhillips from $183.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Mizuho cut their price target on shares of ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Finally, Royal Bank Of Canada set a $130.00 price objective on shares of ConocoPhillips in a report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $142.50.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Chairman Ryan Lance said the oil-price floor could rise toward $70 per barrel, with mid-cycle West Texas Intermediate crude likely around $65–$70. A higher sustained oil-price outlook could lift ConocoPhillips’ operating cash flow and earnings, although geopolitical developments are contributing to the forecast. Reuters oil price outlook article
• Positive Sentiment: Mizuho analyst Nitin Kumar reiterated a Buy rating and a $146 NAV-based price target, citing near-term earnings strength and long-term LNG-driven cash-flow potential. The target implies additional upside from recent trading levels. TipRanks analyst rating article
• Positive Sentiment: ConocoPhillips agreed to purchase 1 million tons of LNG annually from Venture Global for 20 years beginning in 2030. The deal expands its LNG portfolio and could provide long-term exposure to global gas demand. Zacks LNG supply article
• Neutral Sentiment: The company is reviewing a potential sale of its Norway business and the UK Teesside asset, reportedly valued at about $7 billion. A transaction could generate capital for debt reduction, shareholder returns, or higher-value investments, but the outcome and potential production impact remain uncertain. Yahoo Finance asset divestment article
• Neutral Sentiment: ConocoPhillips said Venezuela and Russia need greater stability and fair fiscal terms to attract investors again. The comments highlight possible future upstream opportunities, but neither represents an immediate earnings catalyst. Reuters Venezuela and Russia investment article

Insider Buying and Selling at ConocoPhillips

In other news, SVP Andrew Lundquist sold 9,487 shares of the firm’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $135.15, for a total value of $1,282,168.05. Following the transaction, the senior vice president directly owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. This trade represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.09% of the company’s stock.

ConocoPhillips Price Performance

Shares of NYSE COP traded up $0.97 during midday trading on Tuesday, hitting $129.37. The stock had a trading volume of 5,839,152 shares, compared to its average volume of 8,162,614. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The stock has a 50 day simple moving average of $128.85 and a 200-day simple moving average of $121.88. The company has a market capitalization of $155.42 billion, a PE ratio of 17.11, a P/E/G ratio of 1.34 and a beta of 0.24. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $141.62.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, beating the consensus estimate of $2.90 by $0.34. The firm had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The firm’s revenue was up 32.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.42 EPS. On average, sell-side analysts expect that ConocoPhillips will post 10.54 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, August 17th. ConocoPhillips’s dividend payout ratio is 44.44%.

ConocoPhillips Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.