ConocoPhillips $COP Holdings Increased by Vise Technologies Inc.

Vise Technologies Inc. raised its holdings in ConocoPhillips (NYSE:COP) by 19.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 82,989 shares of the energy producer’s stock after acquiring an additional 13,525 shares during the quarter. Vise Technologies Inc.’s holdings in ConocoPhillips were worth $10,386,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Grandfield & Dodd LLC boosted its stake in shares of ConocoPhillips by 1.6% in the 3rd quarter. Grandfield & Dodd LLC now owns 39,113 shares of the energy producer’s stock valued at $4,895,000 after purchasing an additional 600 shares during the last quarter. Investment Partners LTD. acquired a new position in ConocoPhillips in the third quarter valued at $236,000. Cidel Asset Management Inc. lifted its holdings in ConocoPhillips by 4.9% in the third quarter. Cidel Asset Management Inc. now owns 223,601 shares of the energy producer’s stock valued at $27,984,000 after buying an additional 10,521 shares during the period. Unison Advisors LLC boosted its position in ConocoPhillips by 0.8% during the third quarter. Unison Advisors LLC now owns 18,146 shares of the energy producer’s stock valued at $2,271,000 after acquiring an additional 138 shares during the last quarter. Finally, Intrua Financial LLC boosted its position in ConocoPhillips by 0.6% during the third quarter. Intrua Financial LLC now owns 17,362 shares of the energy producer’s stock valued at $2,173,000 after acquiring an additional 100 shares during the last quarter. 82.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

COP has been the subject of several research analyst reports. Zacks Research raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Argus upped their target price on ConocoPhillips from $136.00 to $153.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. Freedom Capital raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Susquehanna lifted their target price on ConocoPhillips from $161.00 to $175.00 and gave the stock a “positive” rating in a report on Tuesday, October 20th. Finally, Mizuho dropped their price target on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.08.

ConocoPhillips Stock Performance

Shares of COP stock opened at $154.10 on Monday. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $136.14 and a two-hundred day simple moving average of $121.05. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $154.28. The firm has a market capitalization of $185.13 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.50 and a beta of 0.16.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data 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 firm 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%. The business’s revenue was up 32.4% on a year-over-year basis. During the same period last year, the company earned $1.42 earnings per share. Analysts forecast that ConocoPhillips will post 11.41 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Monday, August 17th. ConocoPhillips’s payout ratio is currently 44.44%.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices—Brent crude was reported near $104 per barrel—are improving the earnings outlook for ConocoPhillips and other exploration and production companies. Analysts also see favorable indicators for a potential third-quarter earnings beat. ConocoPhillips to Report Q3 Earnings: What’s in the Cards?
• Positive Sentiment: ConocoPhillips is being highlighted as a relatively low-beta energy stock that may appeal to investors seeking resilience during market volatility. Its upstream portfolio, growth prospects and investment program are supporting the constructive view. Stay Ahead of Market Uncertainty With BP, XOM, COP and E
• Neutral Sentiment: Several valuation-focused reports describe COP as a strong value stock and emphasize its powerful multiyear performance, while noting that investors must determine whether current earnings can justify the elevated share price. ConocoPhillips Stock Stays Hard To Call On Strong Q2 Earnings
• Neutral Sentiment: Piper Sandler initiated coverage on ConocoPhillips, potentially increasing analyst attention, although the available report does not provide a rating or price target. Piper Sandler Initiates Coverage on ConocoPhillips
• Negative Sentiment: Technical analysts warn that COP may be overbought after its strong gains, with a relative-strength reading above 70. That raises the risk of profit-taking or a pullback if oil prices or earnings disappoint. Top 3 Energy Stocks You May Want To Dump In Q4
• Negative Sentiment: Reported job cuts in Alberta add a near-term reputational and operational concern, while comparisons with Chevron and EOG Resources highlight uncertainty over how well ConocoPhillips’ dividend would hold up during a major oil-price downturn. ConocoPhillips Cuts Alberta Jobs

Insider Buying and Selling at ConocoPhillips

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

ConocoPhillips Company Profile

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

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.