Inceptionr LLC Cuts Stake in ConocoPhillips $COP

Inceptionr LLC lowered its holdings in shares of ConocoPhillips (NYSE:COP) by 30.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,095 shares of the energy producer’s stock after selling 5,762 shares during the quarter. Inceptionr LLC’s holdings in ConocoPhillips were worth $1,226,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in COP. AXA S.A. grew its position in shares of ConocoPhillips by 91.1% during the second quarter. AXA S.A. now owns 84,937 shares of the energy producer’s stock worth $7,622,000 after purchasing an additional 40,499 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of ConocoPhillips by 6.1% during the 2nd quarter. Sei Investments Co. now owns 784,368 shares of the energy producer’s stock valued at $70,397,000 after purchasing an additional 44,852 shares during the last quarter. BNP Paribas purchased a new position in shares of ConocoPhillips during the second quarter valued at about $33,000. Osterweis Capital Management Inc. purchased a new position in shares of ConocoPhillips during the second quarter valued at about $151,000. Finally, Main Street Financial Solutions LLC increased its holdings in shares of ConocoPhillips by 53.5% in the second quarter. Main Street Financial Solutions LLC now owns 4,806 shares of the energy producer’s stock worth $431,000 after purchasing an additional 1,675 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Price Performance

NYSE:COP opened at $119.82 on Thursday. The firm has a market capitalization of $145.98 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 1.29 and a beta of 0.11. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.87. The business has a 50 day simple moving average of $121.19 and a 200-day simple moving average of $110.21. 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 (NYSE:COP) last posted its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.17. The business had revenue of $15.76 billion during the quarter, compared to analyst estimates of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the company earned $2.09 EPS. Equities analysts forecast that ConocoPhillips will post 10.03 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is presently 57.05%.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Crude-oil sentiment improved as Middle East supply disruptions and tight inventory conditions kept a floor under oil prices, benefiting large U.S. exploration and production names like ConocoPhillips. Article Title
• Positive Sentiment: Zacks highlighted ConocoPhillips as an energy name positioned to navigate industry pressures, reinforcing the view that COP is relatively well placed versus peers. Article Title
• Positive Sentiment: Broader energy-sector strength has helped improve sentiment toward oil stocks, with the sector outperforming the market this year and drawing renewed investor attention to names like COP. Article Title
• Neutral Sentiment: Recent commentary noted that ConocoPhillips did not fall as much as oil prices during a prior pullback, suggesting the stock may be trading more resiliently than crude itself, but without a major company-specific catalyst. Article Title
• Negative Sentiment: There was also a backdrop of mixed investor positioning, including significant institutional trimming in recent quarters, which can weigh on sentiment even as near-term oil prices improve. Article Title

Insiders Place Their Bets

In other news, CEO Ryan Michael Lance sold 113,221 shares of the firm’s stock in a transaction that occurred on Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total value of $15,025,558.91. Following the completion of the sale, the chief executive officer directly owned 350,000 shares of the company’s stock, valued at $46,448,500. This trade represents a 24.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Andrew D. Lundquist sold 34,500 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $4,128,960.00. Following the completion of the sale, the senior vice president owned 17,469 shares in the company, valued at approximately $2,090,689.92. The trade was a 66.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 671,869 shares of company stock worth $85,857,406. 0.09% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on COP. Roth Mkm lowered ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price target for the company. in a research note on Tuesday, February 17th. Truist Financial set a $128.00 price objective on ConocoPhillips in a report on Friday, May 1st. Capital One Financial lowered their target price on ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. Jefferies Financial Group boosted their price target on shares of ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, Raymond James Financial reduced their price target on shares of ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating on the stock in a research report on Monday, June 1st. Seventeen analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and an average price target of $134.48.

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.