SmartHarvest Portfolios LLC Invests $642,000 in ConocoPhillips $COP

SmartHarvest Portfolios LLC bought a new position in shares of ConocoPhillips (NYSE:COP) during the fourth quarter, Holdings Channel.com reports. The fund bought 6,863 shares of the energy producer’s stock, valued at approximately $642,000.

Other large investors have also added to or reduced their stakes in the company. Duncan Williams Asset Management LLC raised its stake in shares of ConocoPhillips by 4.4% in the fourth quarter. Duncan Williams Asset Management LLC now owns 2,370 shares of the energy producer’s stock valued at $222,000 after buying an additional 100 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of ConocoPhillips by 4.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,570 shares of the energy producer’s stock worth $241,000 after acquiring an additional 101 shares during the period. Strategic Blueprint LLC increased its holdings in ConocoPhillips by 1.3% in the 4th quarter. Strategic Blueprint LLC now owns 8,018 shares of the energy producer’s stock worth $751,000 after acquiring an additional 101 shares during the last quarter. Chesapeake Wealth Management increased its holdings in ConocoPhillips by 1.5% in the 4th quarter. Chesapeake Wealth Management now owns 7,160 shares of the energy producer’s stock worth $670,000 after acquiring an additional 103 shares during the last quarter. Finally, Oregon Pacific Wealth Management LLC raised its stake in ConocoPhillips by 4.5% in the 4th quarter. Oregon Pacific Wealth Management LLC now owns 2,414 shares of the energy producer’s stock valued at $226,000 after acquiring an additional 104 shares during the period. Institutional investors own 82.36% of the company’s stock.

Insider Activity

In related news, SVP Kelly Brunetti Rose sold 7,700 shares of ConocoPhillips stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the completion of the sale, the senior vice president owned 25,284 shares of the company’s stock, valued at approximately $3,287,678.52. This trade represents a 23.34% 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 business’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $127.06, for a total value of $888,657.64. Following the transaction, the executive vice president owned 5,395 shares of the company’s stock, valued at approximately $685,488.70. The trade was a 56.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 634,715 shares of company stock worth $81,410,816 in the last three months. Corporate insiders own 0.09% of the company’s stock.

ConocoPhillips Trading Down 3.8%

Shares of ConocoPhillips stock opened at $115.41 on Friday. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $135.87. The company has a market cap of $140.60 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.33 and a beta of 0.11. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $120.86 and its 200-day moving average price is $110.41.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data 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 company had revenue of $15.76 billion during 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%. ConocoPhillips’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.09 earnings per share. On average, equities analysts expect that ConocoPhillips will post 10.03 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, May 11th. ConocoPhillips’s payout ratio is 57.05%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Roth Mkm downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price objective on the stock. in a report on Tuesday, February 17th. Wolfe Research boosted their price target on shares of ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Piper Sandler raised their price objective on shares of ConocoPhillips from $154.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Mizuho lifted their price objective on shares of ConocoPhillips from $136.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Finally, Royal Bank Of Canada boosted their target price on shares of ConocoPhillips from $118.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Seventeen analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.48.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips joined TotalEnergies and QatarEnergy in an MoU with the Syrian Petroleum Company to explore offshore Block 3 in the Mediterranean, which could create a new long-term exploration opportunity if the project advances. Article Title
• Positive Sentiment: Recent commentary on COP remains constructive overall, with some analysts highlighting the company’s resilience and others maintaining upbeat price targets, suggesting Wall Street still sees upside potential over time. Article Title
• Neutral Sentiment: Energy stocks broadly have been stronger this year, and the sector ETF’s gains show investors are still favoring oil and gas names despite recent pullbacks. Article Title
• Neutral Sentiment: ConocoPhillips reported solid last quarter results, beating EPS and revenue estimates, which continues to support the investment case even though year-over-year revenue declined.
• Negative Sentiment: Insider activity has been negative, with a recent director stock sale adding to a pattern of insider selling that can weigh on sentiment. Article Title
• Negative Sentiment: One recent article framed COP as vulnerable to additional market weakness, reinforcing concerns that the stock could stay tied to crude-price moves if oil sentiment softens further. Article Title

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.