8,817 ConocoPhillips $COP Shares Bought by Veracity Capital LLC

Veracity Capital LLC increased its position in shares of ConocoPhillips (NYSE:COP) by 421.1% during the third quarter, HoldingsChannel.com reports. The fund owned 10,911 shares of the energy producer’s stock after acquiring an additional 8,817 shares during the period. Veracity Capital LLC’s holdings in ConocoPhillips were worth $1,366,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of COP. Frazier Financial Advisors LLC increased its holdings in shares of ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after purchasing an additional 145 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of ConocoPhillips during the 4th quarter valued at about $25,000. Ballast Advisors LLC purchased a new position in shares of ConocoPhillips during the first quarter worth about $36,000. Evergreen Advisors LLC bought a new position in shares of ConocoPhillips in the first quarter worth approximately $36,000. Finally, Allied Private Wealth LLC bought a new position in shares of ConocoPhillips in the second quarter worth approximately $32,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ConocoPhillips

In related news, SVP Andrew Lundquist sold 9,487 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $135.15, for a total value of $1,282,168.05. Following the sale, the senior vice president owned 9,593 shares in the company, valued at $1,296,493.95. This represents a 49.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by insiders.

ConocoPhillips Stock Up 3.4%

Shares of COP stock traded up $4.44 during mid-day trading on Thursday, reaching $134.28. 2,995,049 shares of the company’s stock traded hands, compared to its average volume of 8,118,433. The company’s 50-day moving average price is $129.08 and its 200-day moving average price is $121.91. The company has a market cap of $161.31 billion, a P/E ratio of 17.76, a P/E/G ratio of 1.35 and a beta of 0.24. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $141.62.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. The company had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. ConocoPhillips’s revenue was up 32.4% on a year-over-year basis. During the same period last year, the company posted $1.42 EPS. On average, equities analysts expect that ConocoPhillips will post 10.62 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently declared 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 2.5%. The ex-dividend date of this dividend was Monday, August 17th. ConocoPhillips’s payout ratio is currently 44.44%.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices are the primary catalyst. ConocoPhillips is particularly sensitive to commodity prices because stronger realized prices can increase upstream revenue, operating cash flow and shareholder returns. ConocoPhillips gains as oil prices jump on supply fears
• Positive Sentiment: Zacks Research upgraded COP from “Hold” to “Strong Buy.” The upgrade adds to the stock’s favorable analyst backdrop; recent ratings include Buy and Overweight recommendations, while the median reported price target is $143.
• Positive Sentiment: Recent company fundamentals remain supportive. ConocoPhillips previously reaffirmed full-year guidance, reported strong operating cash flow and doubled second-quarter share repurchases. Its latest quarterly results also exceeded analyst expectations, with revenue up 32.4% year over year.
• Positive Sentiment: Long-term gas exposure and portfolio optimization provide additional support. The company’s 20-year agreement to purchase LNG from Venture Global beginning in 2030 could expand its gas presence, while a potential sale of Norway and U.K. Teesside assets—reportedly valued near $7 billion—could increase capital flexibility.
• Neutral Sentiment: Institutional positioning is mixed. Major investors including JPMorgan, Sixth Street Partners, BlackRock and T. Rowe Price added shares in the latest quarter, but other institutions reduced holdings. This suggests continued investor interest without a uniform market view.
• Negative Sentiment: Recent insider activity has consisted entirely of sales. Three insiders sold shares during the past six months, with no reported purchases. These transactions may modestly temper sentiment, although they do not necessarily indicate a change in the company’s outlook.

Analysts Set New Price Targets

A number of research firms have commented on COP. Wall Street Zen raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Susquehanna boosted their target price on ConocoPhillips from $155.00 to $161.00 and gave the stock a “positive” rating in a research report on Tuesday, August 11th. Raymond James Financial restated an “underperform” rating and set a $168.00 price target on shares of ConocoPhillips in a research report on Monday, August 24th. Royal Bank Of Canada set a $130.00 target price on shares of ConocoPhillips in a report on Monday, June 22nd. Finally, The Goldman Sachs Group lowered their price target on ConocoPhillips from $144.00 to $138.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.29.

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.