Perbak Capital Partners LLP Grows Stock Holdings in ConocoPhillips $COP

Perbak Capital Partners LLP increased its position in ConocoPhillips (NYSE:COP) by 92.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,123 shares of the energy producer’s stock after buying an additional 6,775 shares during the quarter. Perbak Capital Partners LLP’s holdings in ConocoPhillips were worth $1,336,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of COP. Capital International Investors lifted its position in shares of ConocoPhillips by 18.2% in the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock valued at $4,318,239,000 after acquiring an additional 7,037,873 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of ConocoPhillips by 0.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 40,382,724 shares of the energy producer’s stock worth $3,623,946,000 after acquiring an additional 287,970 shares during the period. Fisher Asset Management LLC grew its position in shares of ConocoPhillips by 1.8% during the third quarter. Fisher Asset Management LLC now owns 14,653,966 shares of the energy producer’s stock worth $1,386,119,000 after purchasing an additional 260,091 shares in the last quarter. Ameriprise Financial Inc. raised its stake in ConocoPhillips by 31.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock valued at $966,267,000 after purchasing an additional 2,575,803 shares during the period. Finally, Primecap Management Co. CA raised its stake in ConocoPhillips by 31.3% during the 3rd quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer’s stock valued at $979,102,000 after purchasing an additional 2,467,555 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher crude and geopolitical risk are drawing investor attention to major producers, lifting the sector and COP in particular. Oil Price Back to the Glory Days
• Positive Sentiment: Piper Sandler raised its price target on COP to $154 and set an “overweight” rating, implying significant upside from current levels — a formal analyst endorsement that can support buyer interest. Piper Sandler PT Raise
• Positive Sentiment: TheStreet highlights that while oil-price swings move the stock, the bigger long-term catalyst may be ConocoPhillips’ internal execution — cash returns, portfolio optimization and disciplined capex — which investors view as durable value drivers. Oil’s whiplash is powering ConocoPhillips
• Neutral Sentiment: Broader commentary notes a sector rotation into energy as crude recovers; this macro interest helps COP but increases reliance on commodity moves rather than idiosyncratic stock drivers. Energy is no longer dead money
• Negative Sentiment: An insider sale — a ConocoPhillips director sold roughly $4.75M of stock — is being reported and can be viewed as a near-term caution for some investors. Insider Selling
• Negative Sentiment: Recent quarterly results missed estimates (EPS and revenue), reminding investors that higher oil prices need to translate into consistent operational and earnings improvement to sustain multiple expansion.

ConocoPhillips Stock Performance

NYSE COP opened at $122.00 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.30 and a quick ratio of 1.14. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $122.50. The business has a 50 day simple moving average of $106.62 and a two-hundred day simple moving average of $96.94. The stock has a market capitalization of $150.76 billion, a PE ratio of 19.24, a P/E/G ratio of 3.05 and a beta of 0.27.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.21). The firm had revenue of $13.86 billion for 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%.The firm’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the company earned $1.98 earnings per share. On average, research analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 18th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a yield of 2.8%. ConocoPhillips’s dividend payout ratio is presently 53.00%.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 500,708 shares of ConocoPhillips 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 completion of the transaction, the chief executive officer directly owned 325,972 shares of the company’s stock, valued at $30,152,410. This trade represents a 60.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Timothy A. Leach sold 40,000 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $118.79, for a total transaction of $4,751,600.00. Following the completion of the sale, the director owned 411,211 shares in the company, valued at approximately $48,847,754.69. This trade represents a 8.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 549,208 shares of company stock valued at $52,070,430 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on COP. Raymond James Financial boosted their price target on ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Jefferies Financial Group lifted their price objective on shares of ConocoPhillips from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. BMO Capital Markets boosted their target price on shares of ConocoPhillips from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Susquehanna upped their target price on shares of ConocoPhillips from $115.00 to $121.00 and gave the stock a “positive” rating in a research report on Friday, February 6th. Finally, The Goldman Sachs Group raised their target price on shares of ConocoPhillips from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $119.33.

ConocoPhillips 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.