Nippon Life Global Investors Americas Inc. Acquires 26,980 Shares of ConocoPhillips $COP

Nippon Life Global Investors Americas Inc. raised its stake in ConocoPhillips (NYSE:COP) by 70.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 65,290 shares of the energy producer’s stock after acquiring an additional 26,980 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in ConocoPhillips were worth $8,171,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Carolina Wealth Advisors LLC acquired a new stake in ConocoPhillips in the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC raised its stake in shares of ConocoPhillips by 151.0% during the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after purchasing an additional 145 shares during the period. William Mack & Associates Inc. purchased a new stake in shares of ConocoPhillips during the third quarter valued at approximately $34,000. Ballast Advisors LLC acquired a new position in shares of ConocoPhillips during the first quarter worth $36,000. Finally, Evergreen Advisors LLC acquired a new position in shares of ConocoPhillips during the first quarter worth $36,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Up 0.0%

ConocoPhillips stock opened at $154.10 on Monday. The firm has a market cap of $185.13 billion, a PE ratio of 20.38, a P/E/G ratio of 1.50 and a beta of 0.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. The firm’s 50 day moving average price is $136.14 and its two-hundred day moving average price is $121.05. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $154.28.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.34. The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The company’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.42 earnings per share. On average, research analysts predict that ConocoPhillips will post 11.41 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.84 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.2%. ConocoPhillips’s dividend payout ratio (DPR) is currently 44.44%.

Insider Buying and Selling

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of ConocoPhillips stock in a transaction on Friday, August 21st. The stock was sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the completion of the transaction, the senior vice president directly owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. This trade represents a 49.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus began coverage on shares of ConocoPhillips in a report on Thursday, September 10th. They set a “hold” rating and a $148.00 price target for the company. Argus boosted their target price on shares of ConocoPhillips from $136.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Piper Sandler initiated coverage on shares of ConocoPhillips in a research note on Tuesday, October 27th. They issued a “neutral” rating and a $157.00 price target on the stock. Truist Financial boosted their price objective on ConocoPhillips from $130.00 to $136.00 and gave the stock a “hold” rating in a research report on Wednesday, October 7th. Finally, Seaport Research Partners began coverage on ConocoPhillips in a report on Thursday, September 3rd. They issued a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.08.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices—Brent crude was reported near $104 per barrel—are improving the earnings outlook for ConocoPhillips and other exploration and production companies. Analysts also see favorable indicators for a potential third-quarter earnings beat. ConocoPhillips to Report Q3 Earnings: What’s in the Cards?
• Positive Sentiment: ConocoPhillips is being highlighted as a relatively low-beta energy stock that may appeal to investors seeking resilience during market volatility. Its upstream portfolio, growth prospects and investment program are supporting the constructive view. Stay Ahead of Market Uncertainty With BP, XOM, COP and E
• Neutral Sentiment: Several valuation-focused reports describe COP as a strong value stock and emphasize its powerful multiyear performance, while noting that investors must determine whether current earnings can justify the elevated share price. ConocoPhillips Stock Stays Hard To Call On Strong Q2 Earnings
• Neutral Sentiment: Piper Sandler initiated coverage on ConocoPhillips, potentially increasing analyst attention, although the available report does not provide a rating or price target. Piper Sandler Initiates Coverage on ConocoPhillips
• Negative Sentiment: Technical analysts warn that COP may be overbought after its strong gains, with a relative-strength reading above 70. That raises the risk of profit-taking or a pullback if oil prices or earnings disappoint. Top 3 Energy Stocks You May Want To Dump In Q4
• Negative Sentiment: Reported job cuts in Alberta add a near-term reputational and operational concern, while comparisons with Chevron and EOG Resources highlight uncertainty over how well ConocoPhillips’ dividend would hold up during a major oil-price downturn. ConocoPhillips Cuts Alberta Jobs

ConocoPhillips Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing oil, natural gas and natural gas liquids. Unlike integrated energy companies, it primarily focuses on upstream activities rather than operating large refining or retail fuel businesses.

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.