HF Advisory Group LLC Acquires 4,010 Shares of ConocoPhillips $COP

HF Advisory Group LLC raised its holdings in ConocoPhillips (NYSE:COP) by 17.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,494 shares of the energy producer’s stock after purchasing an additional 4,010 shares during the quarter. HF Advisory Group LLC’s holdings in ConocoPhillips were worth $3,487,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COP. Patten Group Inc. increased its position in ConocoPhillips by 1.5% in the 1st quarter. Patten Group Inc. now owns 5,447 shares of the energy producer’s stock valued at $719,000 after acquiring an additional 83 shares in the last quarter. IFC Advisors LLC increased its holdings in shares of ConocoPhillips by 0.4% in the first quarter. IFC Advisors LLC now owns 20,182 shares of the energy producer’s stock valued at $2,664,000 after purchasing an additional 84 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in ConocoPhillips by 9.6% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,006 shares of the energy producer’s stock worth $124,000 after buying an additional 88 shares in the last quarter. Blue Trust Inc. increased its stake in shares of ConocoPhillips by 0.4% in the 1st quarter. Blue Trust Inc. now owns 21,144 shares of the energy producer’s stock valued at $2,791,000 after buying an additional 92 shares during the period. Finally, Sigma Planning Corp boosted its holdings in ConocoPhillips by 0.6% in the first quarter. Sigma Planning Corp now owns 16,062 shares of the energy producer’s stock valued at $2,120,000 after acquiring an additional 94 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Trading Down 0.1%

Shares of NYSE:COP opened at $134.12 on Friday. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $141.62. The business has a 50 day moving average of $129.66 and a 200-day moving average of $122.05. The stock has a market cap of $161.12 billion, a PE ratio of 17.74, a P/E/G ratio of 1.38 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 (NYSE:COP) last announced its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.34. The company had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The company’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.42 earnings per share. As a group, equities research analysts forecast that ConocoPhillips will post 10.84 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business 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 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, August 17th. ConocoPhillips’s dividend payout ratio (DPR) is currently 44.44%.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices and supply concerns: Crude prices rose after a tanker attack disrupted traffic through the Strait of Hormuz, while hurricane-related shutdowns reduced Gulf of Mexico production. A larger-than-expected decline in U.S. inventories further tightened the market, improving the earnings and cash-flow outlook for upstream producers such as COP. ConocoPhillips gains as oil prices jump on supply fears
• Positive Sentiment: Potential $7 billion asset transaction: ConocoPhillips is evaluating an unsolicited offer for certain assets. Although the company has not committed to a sale, a transaction of that size could unlock value, strengthen the balance sheet, or fund shareholder returns if completed. With Oil Over $100 and a $7 Billion Offer on the Table
• Positive Sentiment: Constructive earnings expectations: Zacks upgraded COP from “hold” to “strong-buy,” citing its history of earnings surprises and favorable conditions for another beat. The company’s latest report exceeded consensus EPS and revenue estimates, reaffirmed full-year guidance, and highlighted strong operating cash flow and increased share repurchases. Will ConocoPhillips Beat Estimates Again?
• Positive Sentiment: Firm demand outlook: Coverage points to resilient crude and LNG demand, while several analysts maintain favorable ratings and price targets above the recent trading level. ConocoPhillips Stays in Focus as Crude and LNG Demand Firm
• Neutral Sentiment: Mixed institutional positioning: Some major institutions increased their COP holdings, but others reduced exposure, suggesting broad investor interest without a uniform conviction signal.
• Negative Sentiment: Insider selling: Three insiders sold shares during the past six months and no open-market purchases were reported. The sales may modestly temper sentiment, although they do not necessarily indicate a change in the company’s fundamentals.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the completion of the sale, the senior vice president directly owned 9,593 shares in the company, valued at approximately $1,296,493.95. The trade was a 49.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

COP has been the subject of a number of analyst reports. Freedom Capital upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. UBS Group boosted their price target on shares of ConocoPhillips from $153.00 to $169.00 and gave the company a “buy” rating in a report on Monday, September 14th. Weiss Ratings raised ConocoPhillips from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 29th. Mizuho reduced their target price on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating on the stock in a report on Tuesday, July 7th. Finally, Wells Fargo & Company boosted their target price on ConocoPhillips from $183.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus target price of $143.29.

ConocoPhillips Company 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.