Texas Capital Bancshares Inc TX Sells 7,944 Shares of ConocoPhillips $COP

Texas Capital Bancshares Inc TX decreased its stake in shares of ConocoPhillips (NYSE:COP) by 77.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,294 shares of the energy producer’s stock after selling 7,944 shares during the period. Texas Capital Bancshares Inc TX’s holdings in ConocoPhillips were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Howard Hughes Medical Institute bought a new position in ConocoPhillips during the 2nd quarter valued at $25,000. Cloud Capital Management LLC bought a new stake in shares of ConocoPhillips in the 3rd quarter worth $26,000. Cedar Mountain Advisors LLC raised its holdings in shares of ConocoPhillips by 58.0% in the third quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock valued at $30,000 after purchasing an additional 116 shares during the last quarter. BNP Paribas purchased a new stake in shares of ConocoPhillips in the second quarter valued at about $33,000. Finally, Bfsg LLC bought a new position in shares of ConocoPhillips during the third quarter valued at about $36,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher crude and geopolitical risk are drawing investor attention to major producers, lifting the sector and COP in particular. Oil Price Back to the Glory Days
• Positive Sentiment: Piper Sandler raised its price target on COP to $154 and set an “overweight” rating, implying significant upside from current levels — a formal analyst endorsement that can support buyer interest. Piper Sandler PT Raise
• Positive Sentiment: TheStreet highlights that while oil-price swings move the stock, the bigger long-term catalyst may be ConocoPhillips’ internal execution — cash returns, portfolio optimization and disciplined capex — which investors view as durable value drivers. Oil’s whiplash is powering ConocoPhillips
• Neutral Sentiment: Broader commentary notes a sector rotation into energy as crude recovers; this macro interest helps COP but increases reliance on commodity moves rather than idiosyncratic stock drivers. Energy is no longer dead money
• Negative Sentiment: An insider sale — a ConocoPhillips director sold roughly $4.75M of stock — is being reported and can be viewed as a near-term caution for some investors. Insider Selling
• Negative Sentiment: Recent quarterly results missed estimates (EPS and revenue), reminding investors that higher oil prices need to translate into consistent operational and earnings improvement to sustain multiple expansion.

Insider Activity

In other news, CEO Ryan Michael Lance sold 500,708 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the completion of the transaction, the chief executive officer owned 325,972 shares in the company, valued at approximately $30,152,410. This represents a 60.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy A. Leach sold 40,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $118.79, for a total value of $4,751,600.00. Following the completion of the sale, the director owned 411,211 shares in the company, valued at $48,847,754.69. This represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 549,208 shares of company stock valued at $52,070,430 in the last 90 days. Insiders own 0.24% of the company’s stock.

ConocoPhillips Trading Up 1.5%

Shares of COP stock opened at $122.00 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. The firm has a market cap of $150.76 billion, a P/E ratio of 19.24, a PEG ratio of 3.05 and a beta of 0.27. The company has a 50 day moving average of $106.62 and a 200-day moving average of $96.94. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $122.50.

ConocoPhillips (NYSE:COP) last posted 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). ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The firm had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.35 billion. During the same quarter in the previous year, the company posted $1.98 EPS. ConocoPhillips’s revenue for the quarter was down 3.7% on a year-over-year basis. Sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio is currently 53.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group upped their price objective on shares of ConocoPhillips from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Wolfe Research lifted their target price on shares of ConocoPhillips from $122.00 to $123.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Argus boosted their target price on ConocoPhillips from $111.00 to $128.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 13th. Zacks Research lowered ConocoPhillips from a “hold” rating to a “strong sell” rating in a report on Friday, February 27th. Finally, Mizuho increased their price target on ConocoPhillips from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $119.33.

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.