Lawood & Co. Makes New Investment in ConocoPhillips $COP

Lawood & Co. purchased a new position in shares of ConocoPhillips (NYSE:COP) in the fourth quarter, Holdings Channel reports. The fund purchased 5,730 shares of the energy producer’s stock, valued at approximately $536,000.

A number of other institutional investors also recently added to or reduced their stakes in COP. Cloud Capital Management LLC acquired a new position in ConocoPhillips during the 3rd quarter worth $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of ConocoPhillips in the 3rd quarter worth approximately $28,000. Board of the Pension Protection Fund acquired a new stake in shares of ConocoPhillips in the 4th quarter worth approximately $28,000. Strive Asset Management LLC acquired a new stake in shares of ConocoPhillips in the 3rd quarter worth approximately $28,000. Finally, BNP Paribas acquired a new stake in shares of ConocoPhillips in the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Buying and Selling

In other ConocoPhillips news, SVP Kelly Brunetti Rose sold 7,700 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $130.03, for a total value of $1,001,231.00. Following the completion of the sale, the senior vice president owned 25,284 shares in the company, valued at $3,287,678.52. This represents a 23.34% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Michael Lance sold 113,221 shares of the stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total transaction of $15,025,558.91. Following the completion of the sale, the chief executive officer owned 350,000 shares of the company’s stock, valued at approximately $46,448,500. The trade was a 24.44% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 734,891 shares of company stock worth $93,345,692. Insiders own 0.09% of the company’s stock.

Key Stories 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 Up 2.8%

COP stock opened at $122.36 on Friday. ConocoPhillips has a 12 month low of $84.28 and a 12 month high of $135.87. The firm has a market cap of $149.07 billion, a PE ratio of 20.77, a P/E/G ratio of 1.37 and a beta of 0.14. The firm has a 50 day simple moving average of $123.07 and a 200 day simple moving average of $106.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14.

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

ConocoPhillips Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on COP. Roth Mkm lowered shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price target for the company. in a research note on Tuesday, February 17th. Citigroup upped their price target on shares of ConocoPhillips from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Wells Fargo & Company upped their price target on shares of ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Morgan Stanley upped 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. Finally, Barclays upped 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. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.16.

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.