Commerzbank Aktiengesellschaft FI Grows Stock Position in ConocoPhillips $COP

Commerzbank Aktiengesellschaft FI increased its position in ConocoPhillips (NYSE:COP) by 33.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,782 shares of the energy producer’s stock after acquiring an additional 19,813 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in ConocoPhillips were worth $7,468,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new stake in ConocoPhillips in the 3rd quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp purchased a new stake in ConocoPhillips in the 3rd quarter worth approximately $28,000. Board of the Pension Protection Fund purchased a new stake in ConocoPhillips in the 4th quarter worth approximately $28,000. Strive Asset Management LLC purchased a new stake in ConocoPhillips in the 3rd quarter worth approximately $28,000. Finally, BNP Paribas purchased a new stake in ConocoPhillips in the 2nd quarter worth approximately $33,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Argus raised its price target on ConocoPhillips to $136 from $128 and kept a Buy rating, signaling more upside potential for the shares. MarketScreener
• Positive Sentiment: Scotiabank lifted FY2026 and FY2027 earnings estimates for ConocoPhillips, reflecting improved expectations for the company’s profitability. MarketBeat report
• Positive Sentiment: Norway approved redevelopment plans for the Greater Ekofisk area, and ConocoPhillips also signed an offshore exploration memorandum of understanding in Syria, which could support future reserve and production growth. Yahoo Finance
• Positive Sentiment: Energy stocks broadly moved higher as oil prices stayed firm, which tends to improve sentiment for upstream producers like ConocoPhillips. Yahoo Finance sector update
• Neutral Sentiment: ConocoPhillips’ Q1 earnings-related coverage focused on comparing revenue, EPS, and key metrics with Wall Street estimates, with no major surprise highlighted in the summary provided. Zacks
• Neutral Sentiment: Shareholders approved board governance and auditors at the annual meeting, removing a routine governance overhang but not changing the core investment outlook. TipRanks

Insider Transactions at ConocoPhillips

In related news, EVP Nicholas G. Olds sold 14,522 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $119.36, for a total value of $1,733,345.92. Following the completion of the transaction, the executive vice president directly owned 12,389 shares of the company’s stock, valued at approximately $1,478,751.04. This trade represents a 53.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Andrew D. Lundquist sold 34,500 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $119.68, for a total transaction of $4,128,960.00. Following the completion of the transaction, the senior vice president directly owned 17,469 shares of the company’s stock, valued at approximately $2,090,689.92. This trade represents a 66.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 734,891 shares of company stock valued at $93,345,692 in the last 90 days. Company insiders own 0.09% of the company’s stock.

ConocoPhillips Trading Up 2.8%

Shares of COP opened at $122.36 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. ConocoPhillips has a 1 year low of $84.28 and a 1 year high of $135.87. The company has a 50 day simple moving average of $123.07 and a two-hundred day simple moving average of $106.25. The firm has a market cap of $149.07 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.37 and a beta of 0.14.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The business had revenue of $15.76 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same period last year, the firm posted $2.09 EPS. The company’s revenue was down 6.1% on a year-over-year basis. On average, equities analysts expect that ConocoPhillips will post 9.66 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, May 11th. ConocoPhillips’s dividend payout ratio is currently 57.05%.

Analysts Set New Price Targets

COP has been the subject of several analyst reports. Susquehanna increased their target price on shares of ConocoPhillips from $149.00 to $152.00 in a report on Friday, May 1st. Argus increased their target price on shares of ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a report on Friday. Wolfe Research increased their price objective on shares of ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a report on Monday, April 6th. Mizuho increased their price objective on shares of ConocoPhillips from $121.00 to $136.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Finally, Wells Fargo & Company increased their price objective on shares of ConocoPhillips from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $133.16.

ConocoPhillips Company 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.