Quadrant Capital Group LLC Sells 6,209 Shares of ConocoPhillips $COP

Quadrant Capital Group LLC reduced its holdings in shares of ConocoPhillips (NYSE:COP) by 20.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,719 shares of the energy producer’s stock after selling 6,209 shares during the quarter. Quadrant Capital Group LLC’s holdings in ConocoPhillips were worth $2,244,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fox Run Management L.L.C. bought a new stake in ConocoPhillips during the 2nd quarter worth approximately $340,000. PFG Advisors lifted its holdings in shares of ConocoPhillips by 14.9% in the second quarter. PFG Advisors now owns 7,360 shares of the energy producer’s stock valued at $660,000 after purchasing an additional 956 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of ConocoPhillips by 6.7% during the second quarter. ProShare Advisors LLC now owns 279,064 shares of the energy producer’s stock valued at $25,043,000 after buying an additional 17,486 shares during the last quarter. Allworth Financial LP boosted its position in shares of ConocoPhillips by 29.4% during the second quarter. Allworth Financial LP now owns 38,931 shares of the energy producer’s stock valued at $3,494,000 after buying an additional 8,855 shares during the last quarter. Finally, Nwam LLC grew its holdings in ConocoPhillips by 6.9% during the second quarter. Nwam LLC now owns 6,265 shares of the energy producer’s stock worth $601,000 after buying an additional 405 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Kelly Brunetti Rose sold 8,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $118.04, for a total value of $1,003,340.00. Following the transaction, the senior vice president owned 32,984 shares in the company, valued at approximately $3,893,431.36. This represents a 20.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Michael Lance sold 500,708 shares of the stock in a transaction on Friday, December 19th. The shares were sold at an average price of $92.50, for a total value of $46,315,490.00. Following the transaction, the chief executive officer directly owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. This trade represents a 60.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 549,208 shares of company stock valued at $52,070,430 in the last three months. Company insiders own 0.24% of the company’s stock.

ConocoPhillips Trading Up 2.5%

Shares of ConocoPhillips stock opened at $117.04 on Thursday. The firm has a market cap of $144.63 billion, a PE ratio of 18.46, a P/E/G ratio of 2.90 and a beta of 0.27. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $122.50. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.30 and a quick ratio of 1.14. The stock has a fifty day moving average price of $105.58 and a 200-day moving average price of $96.61.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.21). The company had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.35 billion. ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.ConocoPhillips’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the firm posted $1.98 earnings per share. Equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Wednesday, February 18th. ConocoPhillips’s payout ratio is presently 53.00%.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Goldman Sachs added ConocoPhillips to its U.S. Conviction List — a high‑profile institutional endorsement that can attract buyers and support the stock amid energy-market volatility. Read More.
• Positive Sentiment: Heightened Middle East geopolitical risk (Iran’s new, harder‑line supreme leader) is increasing supply‑risk premiums that typically benefit large E&P names like COP. Read More.
• Positive Sentiment: Analyst upgrades, price‑target increases and a solid dividend yield (annualized $3.36, ~2.9%) continue to underpin demand from income and institutional buyers. Read More.
• Neutral Sentiment: Management is shifting emphasis from growth to cash‑harvesting after the Marathon Oil deal; that can lead to higher buybacks/dividends but raises questions about long‑term growth and deal economics. Read More.
• Neutral Sentiment: ConocoPhillips plans a ~ $2 billion divestiture of certain Permian assets as part of portfolio reshaping — a near‑term reduction in asset base that could improve focus and cash conversion but may trim growth. Read More.
• Negative Sentiment: Recent insider selling from senior executives and a director (e.g., SVP Kelly Brunetti Rose and Director Timothy Leach) has drawn attention; large, disclosed sales can add short‑term selling pressure and raise governance questions for some investors. Read More. Read More.
• Negative Sentiment: Louisiana is reportedly nearing a deal with ConocoPhillips over coastal erosion — potential settlement, remediation costs or reputational risk could be a longer‑term liability for the company. Read More.
• Negative Sentiment: Today’s oil‑price volatility — an earlier spike tied to Middle East tensions that later pulled back on strategic‑reserve headlines — increases earnings and multiple uncertainty for upstream names. Read More.

Analysts Set New Price Targets

A number of research firms recently commented on COP. Capital One Financial increased their price target on ConocoPhillips from $111.00 to $116.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 20th. Raymond James Financial upped their target price on shares of ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Jefferies Financial Group increased their target price on shares of ConocoPhillips from $120.00 to $129.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Zacks Research lowered shares of ConocoPhillips from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. Finally, Bank of America restated an “underperform” rating and set a $102.00 price target on shares of ConocoPhillips in a report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $117.54.

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.