M&T Bank Corp Sells 28,116 Shares of ConocoPhillips $COP

M&T Bank Corp decreased its holdings in shares of ConocoPhillips (NYSE:COP) by 2.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,027,475 shares of the energy producer’s stock after selling 28,116 shares during the quarter. M&T Bank Corp owned approximately 0.08% of ConocoPhillips worth $97,190,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Capital International Investors raised its position in shares of ConocoPhillips by 18.2% in the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock valued at $4,318,239,000 after purchasing an additional 7,037,873 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of ConocoPhillips by 0.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 40,382,724 shares of the energy producer’s stock worth $3,623,946,000 after buying an additional 287,970 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of ConocoPhillips by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 14,653,966 shares of the energy producer’s stock worth $1,386,119,000 after buying an additional 260,091 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of ConocoPhillips by 31.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock worth $966,267,000 after buying an additional 2,575,803 shares during the period. Finally, Primecap Management Co. CA grew its stake in ConocoPhillips by 31.3% in the 3rd 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. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Stock Performance

NYSE COP opened at $122.00 on Friday. The firm has a 50-day moving average price of $106.62 and a two-hundred day moving average price of $96.94. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $122.50. The company has a market capitalization of $150.76 billion, a P/E ratio of 19.24, a P/E/G ratio of 3.05 and a beta of 0.27. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35.

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

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were issued a $0.84 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 annualized dividend and a yield of 2.8%. ConocoPhillips’s payout ratio is currently 53.00%.

Insider Buying and Selling at ConocoPhillips

In related news, SVP Kelly Brunetti Rose sold 8,500 shares of the firm’s stock in a transaction on 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 transaction, the senior vice president owned 32,984 shares in the company, valued at approximately $3,893,431.36. This trade represents a 20.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy A. Leach sold 40,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $118.79, for a total value of $4,751,600.00. Following the completion of the transaction, the director directly owned 411,211 shares of the company’s stock, valued at approximately $48,847,754.69. This trade represents a 8.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 549,208 shares of company stock valued at $52,070,430 in the last three months. Corporate insiders own 0.24% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the topic of several research analyst reports. Bank of America reissued an “underperform” rating and issued a $102.00 price target on shares of ConocoPhillips in a report on Friday, January 16th. Susquehanna increased their target price on ConocoPhillips from $115.00 to $121.00 and gave the stock a “positive” rating in a research note on Friday, February 6th. Argus lifted their price target on ConocoPhillips from $111.00 to $128.00 and gave the stock a “strong-buy” rating in a report on Friday, February 13th. Jefferies Financial Group boosted their price target on ConocoPhillips from $120.00 to $129.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, Citigroup upped their price objective on ConocoPhillips from $125.00 to $135.00 and gave the company a “buy” rating in a report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.33.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher crude and geopolitical risk are drawing investor attention to major producers, lifting the sector and COP in particular. Oil Price Back to the Glory Days
• Positive Sentiment: Piper Sandler raised its price target on COP to $154 and set an “overweight” rating, implying significant upside from current levels — a formal analyst endorsement that can support buyer interest. Piper Sandler PT Raise
• Positive Sentiment: TheStreet highlights that while oil-price swings move the stock, the bigger long-term catalyst may be ConocoPhillips’ internal execution — cash returns, portfolio optimization and disciplined capex — which investors view as durable value drivers. Oil’s whiplash is powering ConocoPhillips
• Neutral Sentiment: Broader commentary notes a sector rotation into energy as crude recovers; this macro interest helps COP but increases reliance on commodity moves rather than idiosyncratic stock drivers. Energy is no longer dead money
• Negative Sentiment: An insider sale — a ConocoPhillips director sold roughly $4.75M of stock — is being reported and can be viewed as a near-term caution for some investors. Insider Selling
• Negative Sentiment: Recent quarterly results missed estimates (EPS and revenue), reminding investors that higher oil prices need to translate into consistent operational and earnings improvement to sustain multiple expansion.

ConocoPhillips Company 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.