ConocoPhillips $COP Shares Sold by Sapient Capital LLC

Sapient Capital LLC lowered its position in ConocoPhillips (NYSE:COP) by 51.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,965 shares of the energy producer’s stock after selling 5,238 shares during the quarter. Sapient Capital LLC’s holdings in ConocoPhillips were worth $516,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COP. Capital International Investors raised its stake in ConocoPhillips by 5.9% during the fourth quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock worth $4,527,230,000 after purchasing an additional 2,714,663 shares during the period. AQR Capital Management LLC grew its stake in shares of ConocoPhillips by 229.2% in the 4th quarter. AQR Capital Management LLC now owns 3,595,177 shares of the energy producer’s stock valued at $336,544,000 after buying an additional 2,503,156 shares during the period. Janus Henderson Group PLC grew its stake in shares of ConocoPhillips by 207.9% in the 1st quarter. Janus Henderson Group PLC now owns 3,697,232 shares of the energy producer’s stock valued at $488,030,000 after buying an additional 2,496,606 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of ConocoPhillips by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock worth $3,880,151,000 after buying an additional 2,350,645 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of ConocoPhillips by 46,105.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,310,281 shares of the energy producer’s stock worth $304,957,000 after buying an additional 2,305,281 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on COP. The Goldman Sachs Group decreased their price objective on ConocoPhillips from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Raymond James Financial cut their target price on ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating for the company in a research note on Monday, June 1st. Sanford C. Bernstein lifted their target price on ConocoPhillips from $98.00 to $121.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Argus upped their price target on ConocoPhillips from $128.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, BMO Capital Markets lowered their price target on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $137.04.

ConocoPhillips Price Performance

Shares of COP opened at $122.88 on Tuesday. ConocoPhillips has a fifty-two week low of $85.57 and a fifty-two week high of $135.87. The firm’s 50 day moving average price is $113.23 and its 200 day moving average price is $115.92. The company has a market cap of $147.62 billion, a P/E ratio of 16.25, a PEG ratio of 1.38 and a beta of 0.11. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.34. The business had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The company’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same period last year, the firm earned $1.42 earnings per share. On average, research analysts forecast that ConocoPhillips will post 9.44 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.84 per share. The ex-dividend date is Monday, August 17th. This represents a $3.36 annualized dividend and a yield of 2.7%. ConocoPhillips’s dividend payout ratio is 44.44%.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Strong Q2 performance and capital returns: ConocoPhillips reported $19.52 billion in second-quarter revenue, up 32.4% year over year, and adjusted earnings of $3.24 per share, exceeding consensus estimates. Cash from operations reached $7.2 billion, while the company doubled share repurchases and raised second-quarter shareholder distributions to $3 billion. Management maintained full-year guidance and expects third-quarter production of approximately 2.29 million to 2.32 million barrels of oil equivalent per day. ConocoPhillips Stock Rises After Strong Q2 Results and Higher Oil Prices
• Positive Sentiment: Improved outlook and portfolio initiatives: Recent analysis highlights COP’s portfolio adjustments, global growth projects, Lower 48 asset sales and expanded LNG offtake. The company has also outlined a goal of generating $7 billion in free cash flow by 2029, potentially supporting future distributions and balance-sheet flexibility. COP Q2 Deep Dive: Portfolio Shifts, Leadership Change and Global Growth Initiatives ConocoPhillips: A Revised Outlook Following Q2 Earnings
• Positive Sentiment: Higher analyst target: Truist raised its COP price target from $115 to $130 while retaining a Hold rating. The increase suggests improved valuation expectations following the earnings update, although the unchanged rating indicates limited conviction at current levels. Benzinga analyst update
• Neutral Sentiment: Leadership transition: CFO Andy O’Brien is scheduled to replace longtime CEO Ryan Lance on September 1. The change provides continuity but leaves the incoming CEO responsible for delivering the $7 billion cash-flow target, controlling costs and completing a major Alaska project. New ConocoPhillips CEO inherits $7 billion cash flow pledge
• Negative Sentiment: Insider selling and political scrutiny: QuiverQuant reported 12 insider sales and no insider purchases over the past six months. Separately, Illinois Governor JB Pritzker called for oil companies including COP to return alleged windfall profits, creating a potential regulatory and reputational overhang. ConocoPhillips insider activity and market analysis JB Pritzker demands Big Oil return windfall profits

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.