Phoenix Financial Ltd. Lowers Stock Position in ConocoPhillips $COP

Phoenix Financial Ltd. reduced its stake in shares of ConocoPhillips (NYSE:COP) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,360 shares of the energy producer’s stock after selling 4,397 shares during the period. Phoenix Financial Ltd.’s holdings in ConocoPhillips were worth $1,344,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COP. Victory Capital Management Inc. increased its stake in ConocoPhillips by 14.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,331,176 shares of the energy producer’s stock worth $220,506,000 after acquiring an additional 298,245 shares during the last quarter. Natixis Advisors LLC increased its stake in ConocoPhillips by 8.7% in the 3rd quarter. Natixis Advisors LLC now owns 1,996,426 shares of the energy producer’s stock worth $188,842,000 after acquiring an additional 160,410 shares during the last quarter. Chilton Capital Management LLC increased its stake in ConocoPhillips by 3.2% in the 3rd quarter. Chilton Capital Management LLC now owns 389,995 shares of the energy producer’s stock worth $36,890,000 after acquiring an additional 11,958 shares during the last quarter. AE Wealth Management LLC increased its stake in ConocoPhillips by 107.5% in the 3rd quarter. AE Wealth Management LLC now owns 103,430 shares of the energy producer’s stock worth $9,783,000 after acquiring an additional 53,587 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda bought a new stake in ConocoPhillips in the 3rd quarter worth approximately $1,892,000. Institutional investors own 82.36% of the company’s stock.

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

Insider Transactions at ConocoPhillips

In other news, SVP Kelly Brunetti Rose sold 8,500 shares of ConocoPhillips stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 32,984 shares in the company, valued at approximately $3,893,431.36. The trade was a 20.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nicholas G. Olds sold 14,522 shares of ConocoPhillips stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $119.36, for a total value of $1,733,345.92. Following the completion of the transaction, the executive vice president owned 12,389 shares of the company’s stock, valued at approximately $1,478,751.04. This trade represents a 53.96% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 734,891 shares of company stock worth $93,345,692. 0.09% of the stock is currently owned by corporate insiders.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $122.36 on Friday. The stock has a market cap of $149.07 billion, a price-to-earnings ratio of 20.77, a price-to-earnings-growth ratio of 1.37 and a beta of 0.14. 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 stock has a 50 day moving average price of $123.07 and a 200-day moving average price of $106.25. ConocoPhillips has a one year low of $84.28 and a one year high of $135.87.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. The firm had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The company’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.09 EPS. Equities analysts expect that ConocoPhillips will post 9.66 EPS for the current year.

ConocoPhillips Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Freedom Capital downgraded ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 6th. Zacks Research raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Jefferies Financial Group lifted their price objective on ConocoPhillips from $129.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Sanford C. Bernstein lifted their price objective on ConocoPhillips from $98.00 to $121.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. Finally, Wells Fargo & Company lifted their price objective on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. One research 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and a consensus target price of $133.16.

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.