Legal & General Group Plc Acquires 107,754 Shares of ConocoPhillips $COP

Legal & General Group Plc raised its stake in shares of ConocoPhillips (NYSE:COP) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,304,119 shares of the energy producer’s stock after purchasing an additional 107,754 shares during the period. Legal & General Group Plc owned 0.59% of ConocoPhillips worth $690,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Pinkerton Wealth LLC lifted its stake in ConocoPhillips by 14.1% in the third quarter. Pinkerton Wealth LLC now owns 52,734 shares of the energy producer’s stock worth $4,988,000 after purchasing an additional 6,507 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in ConocoPhillips by 63.3% in the third quarter. Banque Cantonale Vaudoise now owns 6,592 shares of the energy producer’s stock worth $624,000 after acquiring an additional 2,556 shares during the period. LGT Fund Management Co Ltd. lifted its stake in ConocoPhillips by 16.0% in the third quarter. LGT Fund Management Co Ltd. now owns 69,982 shares of the energy producer’s stock worth $6,680,000 after acquiring an additional 9,645 shares during the period. LGT Group Foundation grew its holdings in ConocoPhillips by 6.0% during the 3rd quarter. LGT Group Foundation now owns 650,591 shares of the energy producer’s stock worth $62,105,000 after acquiring an additional 36,617 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in ConocoPhillips by 14.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,332,882 shares of the energy producer’s stock valued at $126,086,000 after purchasing an additional 167,800 shares during the period. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Price Performance

Shares of COP stock opened at $114.13 on Wednesday. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $122.50. The firm has a market capitalization of $141.03 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.97 and a beta of 0.27. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.14 and a current ratio of 1.30. The stock’s 50-day simple moving average is $105.11 and its 200-day simple moving average is $96.46.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data 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 company had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.98 earnings per share. As a group, equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. ConocoPhillips’s payout ratio is 53.00%.

Insider Activity at ConocoPhillips

In related news, Director Timothy A. Leach sold 40,000 shares of the firm’s stock in a transaction on Friday, March 6th. The stock was 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 owned 411,211 shares in the company, valued at $48,847,754.69. This trade represents a 8.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Kelly Brunetti Rose sold 8,500 shares of ConocoPhillips stock in a transaction dated 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 sale, the senior vice president directly owned 32,984 shares of the company’s stock, valued at approximately $3,893,431.36. This represents a 20.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 549,208 shares of company stock valued at $52,070,430 in the last ninety days. Company insiders own 0.24% of the company’s stock.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Goldman Sachs added COP to its U.S. Conviction List, a high-profile institutional endorsement that can attract buyer interest and support the stock amid oil-market volatility. ConocoPhillips (COP) Favored at Goldman Amid the Middle East Crisis
• Positive Sentiment: Several analysts have raised price targets recently (e.g., BMO, Argus) and the company pays a healthy dividend—factors that underpin longer-term investor demand even if near-term volatility persists. COP quote & analyst notes on MarketBeat
• Neutral Sentiment: Analysis pieces note ConocoPhillips is shifting from growth to “cash harvesting” after the Marathon Oil integration—this could boost buybacks/dividends but raises questions about long‑term growth prospects and integration economics. Investors will be parsing whether the deal created value or simply bought growth. ConocoPhillips Is Shifting From Growth Mode to Cash Harvesting
• Negative Sentiment: Louisiana is reportedly nearing a deal with ConocoPhillips over coastal erosion—potential settlement costs, remediation obligations or reputational fallout could introduce legal/financial risk and weigh on the stock. Louisiana nears deal with ConocoPhillips over coastal erosion
• Negative Sentiment: Recent insider selling by senior executives and a director (Timothy Leach sold 40,000 shares; SVP Kelly Brunetti Rose sold 8,500 shares) is drawing attention—large, disclosed sales can amplify near-term selling pressure or raise governance questions even when management retains substantial holdings. Timothy Leach insider sale Kelly Brunetti Rose insider sale
• Negative Sentiment: Oil prices have been volatile today—after earlier strength linked to Middle East tensions, crude pulled back on strategic-reserve-related headlines. Lower oil trends typically weigh on E&P multiples and near-term revenue expectations. Oil Prices Fall On Reserve News

Analyst Ratings Changes

COP has been the subject of several research reports. The Goldman Sachs Group upped their price target on shares of ConocoPhillips from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Wells Fargo & Company upped their target price on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ConocoPhillips in a research report on Monday, December 29th. Roth Mkm lowered ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price target for the company. in a research report on Tuesday, February 17th. Finally, UBS Group upped their price objective on ConocoPhillips from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $117.54.

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.