43,430 Shares in ConocoPhillips $COP Bought by North Dakota State Investment Board

North Dakota State Investment Board bought a new position in ConocoPhillips (NYSE:COP) in the 4th quarter, HoldingsChannel.com reports. The firm bought 43,430 shares of the energy producer’s stock, valued at approximately $4,065,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new position in shares of ConocoPhillips during the third quarter valued at $26,000. Strive Asset Management LLC bought a new position in shares of ConocoPhillips during the third quarter valued at $28,000. Board of the Pension Protection Fund bought a new position in shares of ConocoPhillips during the fourth quarter valued at $28,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of ConocoPhillips during the third quarter valued at $28,000. Finally, Optima Capital LLC bought a new position in shares of ConocoPhillips during the fourth quarter valued at $34,000. 82.36% of the stock is owned by institutional investors.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Argus raised its price target on ConocoPhillips to $136 from $128 and kept a Buy rating, signaling more upside potential for the shares. MarketScreener
• Positive Sentiment: Scotiabank lifted FY2026 and FY2027 earnings estimates for ConocoPhillips, reflecting improved expectations for the company’s profitability. MarketBeat report
• Positive Sentiment: Norway approved redevelopment plans for the Greater Ekofisk area, and ConocoPhillips also signed an offshore exploration memorandum of understanding in Syria, which could support future reserve and production growth. Yahoo Finance
• Positive Sentiment: Energy stocks broadly moved higher as oil prices stayed firm, which tends to improve sentiment for upstream producers like ConocoPhillips. Yahoo Finance sector update
• Neutral Sentiment: ConocoPhillips’ Q1 earnings-related coverage focused on comparing revenue, EPS, and key metrics with Wall Street estimates, with no major surprise highlighted in the summary provided. Zacks
• Neutral Sentiment: Shareholders approved board governance and auditors at the annual meeting, removing a routine governance overhang but not changing the core investment outlook. TipRanks

ConocoPhillips Stock Performance

ConocoPhillips stock opened at $122.36 on Monday. The stock has a 50-day simple moving average of $123.07 and a 200 day simple moving average of $106.37. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12-month low of $84.28 and a 12-month high of $135.87. The stock has a market capitalization of $149.07 billion, a price-to-earnings ratio of 20.77, a P/E/G ratio of 1.41 and a beta of 0.14.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The business had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the previous year, the business posted $2.09 earnings per share. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, research analysts anticipate that ConocoPhillips will post 9.66 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, May 11th. ConocoPhillips’s payout ratio is currently 57.05%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COP. Argus lifted their price objective on ConocoPhillips from $128.00 to $136.00 and gave the company a “buy” rating in a report on Friday. Barclays lifted their price objective on ConocoPhillips from $128.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Morgan Stanley lifted their price objective on ConocoPhillips from $108.00 to $149.00 and gave the company an “overweight” rating in a report on Tuesday, April 28th. Zacks Research raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Finally, Scotiabank lifted their price objective on ConocoPhillips from $100.00 to $125.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and an average target price of $133.16.

Insiders Place Their Bets

In related news, SVP Andrew D. Lundquist sold 34,500 shares of ConocoPhillips stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $4,128,960.00. Following the completion of the transaction, the senior vice president directly owned 17,469 shares of the company’s stock, valued at $2,090,689.92. The trade was a 66.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Kelly Brunetti Rose sold 8,500 shares of ConocoPhillips stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $118.04, for a total value of $1,003,340.00. Following the completion of the sale, the senior vice president owned 32,984 shares of the company’s stock, valued at approximately $3,893,431.36. The trade was a 20.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 734,891 shares of company stock valued at $93,345,692 over the last three months. Company insiders own 0.09% of the company’s stock.

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.