Rathbones Group PLC Sells 18,562 Shares of ConocoPhillips $COP

Rathbones Group PLC trimmed its position in ConocoPhillips (NYSE:COP) by 68.7% in the first quarter, HoldingsChannel.com reports. The firm owned 8,458 shares of the energy producer’s stock after selling 18,562 shares during the period. Rathbones Group PLC’s holdings in ConocoPhillips were worth $1,116,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Concurrent Investment Advisors LLC boosted its stake in ConocoPhillips by 31.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 86,171 shares of the energy producer’s stock valued at $8,067,000 after acquiring an additional 20,501 shares during the last quarter. D.A. Davidson & CO. grew its holdings in ConocoPhillips by 10.5% during the 4th quarter. D.A. Davidson & CO. now owns 155,662 shares of the energy producer’s stock worth $14,572,000 after acquiring an additional 14,833 shares during the period. Assetmark Inc. raised its position in shares of ConocoPhillips by 17.6% during the 4th quarter. Assetmark Inc. now owns 410,229 shares of the energy producer’s stock valued at $38,402,000 after acquiring an additional 61,361 shares during the last quarter. Vanguard Group Inc. raised its position in shares of ConocoPhillips by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 120,251,183 shares of the energy producer’s stock valued at $11,256,713,000 after acquiring an additional 408,304 shares during the last quarter. Finally, Mach 1 Financial Group LLC acquired a new position in shares of ConocoPhillips in the 4th quarter valued at $1,169,000. 82.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Truist Financial reduced their price target on ConocoPhillips from $128.00 to $115.00 and set a “hold” rating on the stock in a research report on Wednesday, July 8th. Royal Bank Of Canada set a $130.00 price objective on ConocoPhillips in a report on Monday, June 22nd. Weiss Ratings reissued a “hold (c)” rating on shares of ConocoPhillips in a research note on Wednesday, June 3rd. Argus raised their target price on ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Barclays boosted their target price on ConocoPhillips from $136.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Eighteen analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus price target of $134.16.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Wall Street remains moderately optimistic about ConocoPhillips, which has outperformed the broader market over the past year. The view supports the stock’s valuation, although analysts’ optimism is not uniformly bullish. ConocoPhillips Stock Outlook: Is Wall Street Bullish or Bearish?
• Positive Sentiment: ConocoPhillips’ Pelto Island reef-restoration project, which adds 650 reef modules to improve fish habitat, highlights the company’s coastal stewardship and may support its environmental reputation and stakeholder relationships. The direct near-term effect on earnings is likely limited. ConocoPhillips Following Pelto Island Reef Project Is the Stock a Bargain?
• Neutral Sentiment: ConocoPhillips is approaching its second-quarter earnings release. Higher oil prices could support revenue and cash flow, but the company’s unhedged production leaves results exposed to commodity-price volatility, while operational disruptions remain a risk. ConocoPhillips Gears Up to Report Q2 Earnings
• Neutral Sentiment: Pre-earnings coverage is focusing on production, margins and other operating metrics beyond revenue and earnings per share. These details could determine the market’s reaction more than headline estimates. Countdown to ConocoPhillips Q2 Earnings
• Negative Sentiment: Reports that oil prices eased on possible U.S.-Iran peace talks are weighing on oil-sensitive producers such as ConocoPhillips. A reduced geopolitical risk premium could pressure crude prices and lower expected upstream cash flow. Why Is ConocoPhillips in Focus as Oil Eases on Iran-US Peace Talks?

ConocoPhillips Stock Performance

Shares of COP stock opened at $118.00 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a 52 week low of $85.57 and a 52 week high of $135.87. The company’s 50 day moving average price is $112.98 and its two-hundred day moving average price is $115.35. The company has a market capitalization of $143.76 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.44 and a beta of 0.11.

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.