ConocoPhillips $COP Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC increased its position in shares of ConocoPhillips (NYSE:COP) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,847,367 shares of the energy producer’s stock after acquiring an additional 193,401 shares during the quarter. Fisher Asset Management LLC’s holdings in ConocoPhillips were worth $1,389,862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of COP. Capital International Investors boosted its position in shares of ConocoPhillips by 18.2% during the 3rd quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock valued at $4,318,239,000 after acquiring an additional 7,037,873 shares during the last quarter. Primecap Management Co. CA lifted its position in ConocoPhillips by 31.3% in the third quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer’s stock valued at $979,102,000 after buying an additional 2,467,555 shares during the last quarter. Ameriprise Financial Inc. lifted its position in ConocoPhillips by 20.6% in the third quarter. Ameriprise Financial Inc. now owns 12,994,674 shares of the energy producer’s stock valued at $1,228,886,000 after buying an additional 2,216,010 shares during the last quarter. Alyeska Investment Group L.P. acquired a new position in ConocoPhillips in the third quarter valued at about $135,265,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in ConocoPhillips by 255.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,857,206 shares of the energy producer’s stock valued at $173,853,000 after buying an additional 1,334,687 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips and Glenfarne signed a 30-year natural gas supply agreement tied to Alaska LNG, a meaningful step that reduces project uncertainty and strengthens the case for long-term cash flow from the development. ConocoPhillips (COP) and Glenfarne’s Alaska LNG Sign 30-Year Natural Gas Supply Agreement
• Positive Sentiment: Morgan Stanley raised its price target on ConocoPhillips to $153 from $149 and reiterated an overweight rating, signaling continued Wall Street confidence in the company’s upside. Morgan Stanley adjusts ConocoPhillips price target to $153 from $149, maintains overweight rating
• Positive Sentiment: Goldman Sachs’ Conviction List inclusion and bullish commentary suggest COP is viewed as a resilient cash-flow name, with major projects potentially supporting results even if energy markets stay volatile. Why ConocoPhillips (COP) Is Still a Cash-Flow Bet Amid LNG Project Activity
• Neutral Sentiment: Several articles frame ConocoPhillips as undervalued, including value-screen and Zacks coverage, which may support the stock but does not by itself change fundamentals. 5 Value Stocks Trading at Attractive Price-to-Sales Ratios
• Neutral Sentiment: ConocoPhillips is also being discussed for longer-term Lower 48 production growth, with higher 2026 spending aimed at boosting output, but this is more of a long-range operating update than an immediate stock catalyst. Can ConocoPhillips Sustain Long-Term Growth in the Lower 48?
• Negative Sentiment: There were no major negative company-specific headlines in the provided set; however, recent weakness in the shares suggests investors may still be cautious despite the positive LNG and analyst news.

ConocoPhillips Stock Up 0.0%

Shares of COP opened at $120.48 on Monday. The stock has a market capitalization of $146.78 billion, a PE ratio of 20.45, a P/E/G ratio of 1.39 and a beta of 0.14. ConocoPhillips has a 1 year low of $84.28 and a 1 year high of $135.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. The company’s 50-day simple moving average is $123.68 and its 200-day simple moving average is $107.59.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.17. The business had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $15.62 billion. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.09 earnings per share. Analysts forecast that ConocoPhillips will post 9.92 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, May 11th. ConocoPhillips’s dividend payout ratio is presently 57.05%.

Insider Activity

In related news, SVP Andrew D. Lundquist sold 34,500 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $119.68, for a total transaction of $4,128,960.00. Following the sale, the senior vice president directly owned 17,469 shares in the company, valued at approximately $2,090,689.92. This represents a 66.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nicholas G. Olds sold 6,994 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $127.06, for a total transaction of $888,657.64. Following the sale, the executive vice president owned 5,395 shares in the company, valued at $685,488.70. The trade was a 56.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 734,891 shares of company stock valued at $93,345,692. 0.09% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on COP. The Goldman Sachs Group upped their target price on shares of ConocoPhillips from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Zacks Research raised shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Wall Street Zen raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Scotiabank upped their target price on shares of ConocoPhillips from $100.00 to $125.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Finally, Susquehanna upped their target price on shares of ConocoPhillips from $149.00 to $152.00 in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus price target of $133.28.

ConocoPhillips Profile

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.