Balentine LLC Acquires 8,285 Shares of ConocoPhillips $COP

Balentine LLC boosted its holdings in ConocoPhillips (NYSE:COP) by 163.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,342 shares of the energy producer’s stock after purchasing an additional 8,285 shares during the quarter. Balentine LLC’s holdings in ConocoPhillips were worth $1,249,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wedge Capital Management L L P NC boosted its position 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 valued at $241,000 after acquiring an additional 101 shares during the last quarter. Strategic Blueprint LLC boosted its position in shares of ConocoPhillips by 1.3% during the 4th quarter. Strategic Blueprint LLC now owns 8,018 shares of the energy producer’s stock valued at $751,000 after acquiring an additional 101 shares during the last quarter. Oregon Pacific Wealth Management LLC boosted its position in shares of ConocoPhillips by 4.5% during 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 last quarter. Redhawk Wealth Advisors Inc. boosted its position in shares of ConocoPhillips by 5.1% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 2,231 shares of the energy producer’s stock valued at $209,000 after acquiring an additional 109 shares during the last quarter. Finally, Wright Investors Service Inc. boosted its position in shares of ConocoPhillips by 1.1% during the 4th quarter. Wright Investors Service Inc. now owns 9,792 shares of the energy producer’s stock valued at $917,000 after acquiring an additional 109 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Performance

NYSE:COP opened at $123.19 on Friday. The stock’s fifty day moving average is $122.17 and its 200 day moving average is $104.33. ConocoPhillips has a fifty-two week low of $84.28 and a fifty-two week high of $135.87. The firm has a market capitalization of $150.15 billion, a PE ratio of 20.91, a PEG ratio of 1.74 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.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.21. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The company had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the prior year, the firm posted $2.09 EPS. ConocoPhillips’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, sell-side analysts anticipate that ConocoPhillips will post 9.47 earnings per share for the current year.

ConocoPhillips Announces Dividend

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

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Q1 results beat estimates on EPS and showed disciplined cost control and strong cash generation, supporting near‑term profitability. ConocoPhillips Q1 EPS beats estimates; shares fall on Qatar output cut
• Positive Sentiment: Higher crude prices from Mideast tensions are boosting margins and expected free cash flow, increasing capacity for buybacks/dividends. Higher Oil Prices Are Boosting This Oil Stock’s Profits. Here’s How It’s Using That Windfall.
• Positive Sentiment: Management outlined a $12.0–$12.5B 2026 capex range and reiterated multiyear free‑cash‑flow targets (on track for ~$7B FCF inflection by 2029), which supports long‑term shareholder returns. ConocoPhillips outlines $12B-$12.5B 2026 capex range…
• Neutral Sentiment: Zacks upgraded COP to strong‑buy and broader analyst commentary may influence flows, but upgrades are offset by the company’s trimmed production view. Is It Worth Investing in ConocoPhillips (COP) Based on Wall Street’s Bullish Views?
• Negative Sentiment: Management excluded Qatar from Q2 guidance and trimmed full‑year production targets amid the Middle East conflict, a direct hit to near‑term volume expectations. ConocoPhillips Q1 2026 earnings fall 21% to $2.2bn
• Negative Sentiment: YoY production and revenues declined (revenue down ~6%), and management warned of wider supply disruption risks — factors pressuring the stock despite the beat. ConocoPhillips posts lower first-quarter profit
• Negative Sentiment: Geopolitical escalation (Iran/Stait of Hormuz concerns) has pushed oil higher but raises operational and guidance uncertainty; market reaction shows shares falling on the guidance cut despite higher commodity prices. Oil Set for Weekly Gain as Trump Says Iran Blockade Will Persist

Insider Activity at ConocoPhillips

In related news, EVP Nicholas G. Olds sold 6,994 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $127.06, for a total transaction of $888,657.64. Following the sale, the executive vice president owned 5,395 shares in the company, valued at approximately $685,488.70. This represents a 56.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Heather G. Hrap sold 2,654 shares of the stock in a transaction on Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $317,630.72. Following the completion of the sale, the senior vice president owned 5,663 shares in the company, valued at approximately $677,747.84. The trade was a 31.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 734,891 shares of company stock worth $93,345,692 in the last ninety days. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the subject of a number of research reports. Citigroup increased their target price on ConocoPhillips from $135.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Wells Fargo & Company increased their target price on ConocoPhillips from $132.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday, February 6th. Piper Sandler increased their target price on ConocoPhillips from $154.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Jefferies Financial Group increased their target price on ConocoPhillips from $129.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Finally, Truist Financial set a $128.00 target price on ConocoPhillips in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $133.04.

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.