Venture Visionary Partners LLC Boosts Stock Position in ConocoPhillips $COP

Venture Visionary Partners LLC lifted its holdings in ConocoPhillips (NYSE:COP) by 263.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 118,655 shares of the energy producer’s stock after purchasing an additional 86,019 shares during the quarter. Venture Visionary Partners LLC’s holdings in ConocoPhillips were worth $14,850,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the company. Patten Group Inc. raised 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 buying an additional 83 shares during the last quarter. IFC Advisors LLC lifted its stake in 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 acquiring an additional 84 shares during the last quarter. Cornerstone Planning Group LLC lifted its stake in ConocoPhillips by 9.6% in the 1st quarter. Cornerstone Planning Group LLC now owns 1,006 shares of the energy producer’s stock valued at $124,000 after purchasing an additional 88 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of ConocoPhillips by 0.4% during the 1st quarter. Blue Trust Inc. now owns 21,144 shares of the energy producer’s stock worth $2,791,000 after acquiring an additional 92 shares during the period. Finally, Sigma Planning Corp boosted its position in ConocoPhillips by 0.6% during the first quarter. Sigma Planning Corp now owns 16,062 shares of the energy producer’s stock worth $2,120,000 after purchasing an additional 94 shares during the period. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the topic of several research reports. Wells Fargo & Company upped their target price on ConocoPhillips from $183.00 to $189.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Freedom Capital upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings raised ConocoPhillips from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, September 29th. Susquehanna increased their price objective on shares of ConocoPhillips from $155.00 to $161.00 and gave the company a “positive” rating in a research note on Tuesday, August 11th. Finally, Mizuho cut 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $143.29.

Insider Activity at ConocoPhillips

In other news, SVP Andrew Lundquist sold 9,487 shares of the stock in a transaction 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 completion of the transaction, the senior vice president owned 9,593 shares in the company, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by corporate insiders.

ConocoPhillips Stock Up 0.4%

Shares of ConocoPhillips stock traded up $0.50 during trading on Wednesday, reaching $129.85. 4,791,460 shares of the company traded hands, compared to its average volume of 8,145,697. The firm has a market capitalization of $156.00 billion, a PE ratio of 17.18, a P/E/G ratio of 1.35 and a beta of 0.24. The company has a 50 day moving average price of $129.08 and a 200-day moving average price of $121.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $141.62.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, beating the consensus estimate of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The company had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. During the same period last year, the business posted $1.42 EPS. The firm’s revenue for the quarter was up 32.4% compared to the same quarter last year. As a group, equities research analysts expect that ConocoPhillips will post 10.54 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.84 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.36 annualized dividend and a yield of 2.6%. ConocoPhillips’s dividend payout ratio is presently 44.44%.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips signed a 20-year agreement to purchase 1 million tons of LNG annually from Venture Global beginning in 2030. The deal expands COP’s long-term natural-gas exposure and could strengthen future cash-flow visibility, although the benefits are several years away. ConocoPhillips Could Be 11% Undervalued Following New 20 Year LNG Deal
• Positive Sentiment: COP is reportedly reviewing the sale of its Norway business and the UK Teesside asset for approximately $7 billion. A transaction could improve capital flexibility, simplify the portfolio and potentially support shareholder returns. ConocoPhillips Reviews Norway Business and UK Teesside Asset Divestment
• Positive Sentiment: Mizuho reiterated a Buy rating and set a $146 NAV-based price target, citing near-term earnings strength and longer-term LNG-driven cash-flow potential. The target implies meaningful upside from the stock’s recent level. Mizuho Reiterates Buy on ConocoPhillips With $146 Price Target
• Positive Sentiment: ConocoPhillips’ chairman said the oil-price floor could rise toward $70 per barrel, a constructive view for upstream producers such as COP if sustained. Oil Price Floor Likely Rising to $70 per Barrel
• Neutral Sentiment: Research reports comparing COP with Cactus and Calumet focus on relative valuation and sector performance rather than announcing a new fundamental development. COP’s strong year-to-date performance may limit the immediate impact of these reports.
• Neutral Sentiment: Management said greater political stability and fair fiscal terms would be needed to attract investors back to Venezuela and Russia, highlighting potential longer-term opportunities but no immediate earnings catalyst. Stability and Fair Fiscal Terms Needed for Investors to Return

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.