4,593 Shares in ConocoPhillips $COP Acquired by TrueWealth Advisors LLC

TrueWealth Advisors LLC bought a new position in ConocoPhillips (NYSE:COP) in the fourth quarter, HoldingsChannel.com reports. The fund bought 4,593 shares of the energy producer’s stock, valued at approximately $430,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Tema Etfs LLC bought a new position in ConocoPhillips in the third quarter valued at about $1,804,000. Victory Capital Management Inc. grew its stake in shares of ConocoPhillips by 14.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,331,176 shares of the energy producer’s stock valued at $220,506,000 after purchasing an additional 298,245 shares during the period. Natixis Advisors LLC increased its position in shares of ConocoPhillips by 8.7% during the 3rd quarter. Natixis Advisors LLC now owns 1,996,426 shares of the energy producer’s stock valued at $188,842,000 after purchasing an additional 160,410 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of ConocoPhillips by 12.1% during the 3rd quarter. D.A. Davidson & CO. now owns 140,829 shares of the energy producer’s stock valued at $13,321,000 after purchasing an additional 15,202 shares during the last quarter. Finally, Chilton Capital Management LLC lifted its stake in shares of ConocoPhillips by 3.2% in the 3rd quarter. Chilton Capital Management LLC now owns 389,995 shares of the energy producer’s stock worth $36,890,000 after purchasing an additional 11,958 shares during the period. 82.36% of the stock is owned by institutional investors.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips was a bidder in a record Alaska National Petroleum Reserve lease sale that drew roughly $163 million in high bids, signaling renewed upstream access and long‑term resource optionality for COP in the Arctic. Record Arctic Alaska auction lures ExxonMobil, Shell, Repsol and ConocoPhillips
• Positive Sentiment: Geopolitical flare-ups (missile attacks affecting LNG facilities) have pushed crude and energy prices higher, which should boost ConocoPhillips’ revenue and cash flow in the near term given its oil exposure. Oil Prices Surge After Attacks on Energy Assets in Qatar; Energy Stocks Higher in Premarket Trading
• Positive Sentiment: Mizuho raised its price target on COP to $136, reflecting bullish analyst sentiment that can support investor confidence and buying interest. Mizuho Raises ConocoPhillips (NYSE:COP) Price Target to $136.00
• Neutral Sentiment: ConocoPhillips scheduled its first‑quarter earnings conference call for April 30; investors will watch the call for updated production, capex guidance and margin commentary that could move the stock. ConocoPhillips to hold first-quarter earnings conference call on Thursday, April 30
• Neutral Sentiment: Analysts and press note U.S. oil producers could see a near‑term windfall from higher crude (an estimate cited ~$63B), but they also warn prolonged geopolitical conflict could harm demand and operations—an ambiguous signal for investors. U.S. oil producers could get $63 billion boost from high crude prices
• Negative Sentiment: An executive stock sale: a ConocoPhillips SVP sold about $4.13 million of COP shares, which investors sometimes view as a near‑term negative signal on insider sentiment even if sales are for diversification or other reasons. ConocoPhillips (NYSE:COP) SVP Sells $4,128,960.00 in Stock

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $126.78 on Friday. The firm has a market cap of $156.66 billion, a price-to-earnings ratio of 20.00, a P/E/G ratio of 3.47 and a beta of 0.27. The firm has a fifty day moving average price of $109.30 and a 200 day moving average price of $97.84. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $128.13. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.14 and a current ratio of 1.30.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.21). ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The firm had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.35 billion. During the same period last year, the firm posted $1.98 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, sell-side analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio is 53.00%.

Insider Activity

In other news, SVP Heather G. Hrap sold 2,654 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $119.68, for a total transaction of $317,630.72. Following the completion of the transaction, the senior vice president directly owned 5,663 shares in the company, valued at approximately $677,747.84. This represents a 31.91% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andrew D. Lundquist sold 34,500 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $119.68, for a total transaction of $4,128,960.00. Following the completion of the sale, the senior vice president owned 17,469 shares in the company, valued at $2,090,689.92. This represents a 66.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 100,176 shares of company stock worth $11,934,877. 0.24% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

COP has been the subject of a number of research reports. Wall Street Zen raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Citigroup upped their price objective on ConocoPhillips from $125.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wolfe Research lifted their target price on ConocoPhillips from $122.00 to $123.00 and gave the company an “outperform” rating in a research report on Monday, January 26th. Capital One Financial boosted their price target on ConocoPhillips from $111.00 to $116.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. Finally, Bank of America reiterated an “underperform” rating and issued a $102.00 price target on shares of ConocoPhillips in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and two have 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 $120.38.

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.