Hamlin Capital Management LLC Trims Position in ConocoPhillips $COP

Hamlin Capital Management LLC decreased its holdings in ConocoPhillips (NYSE:COP) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,519,640 shares of the energy producer’s stock after selling 5,837 shares during the quarter. ConocoPhillips comprises approximately 3.3% of Hamlin Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Hamlin Capital Management LLC owned 0.12% of ConocoPhillips worth $143,743,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in COP. Capital International Investors increased its position in ConocoPhillips by 18.2% during the 3rd quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock valued at $4,318,239,000 after purchasing an additional 7,037,873 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of ConocoPhillips by 0.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 40,382,724 shares of the energy producer’s stock worth $3,623,946,000 after purchasing an additional 287,970 shares during the period. Fisher Asset Management LLC boosted its stake in shares of ConocoPhillips by 1.8% during the 3rd quarter. Fisher Asset Management LLC now owns 14,653,966 shares of the energy producer’s stock valued at $1,386,119,000 after purchasing an additional 260,091 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of ConocoPhillips by 20.6% during the third quarter. Ameriprise Financial Inc. now owns 12,994,674 shares of the energy producer’s stock valued at $1,228,886,000 after buying an additional 2,216,010 shares during the period. Finally, Primecap Management Co. CA increased its position in shares of ConocoPhillips by 31.3% during the third quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer’s stock valued at $979,102,000 after buying an additional 2,467,555 shares during the period. Institutional investors own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

COP has been the topic of several research reports. Jefferies Financial Group lifted their price objective on ConocoPhillips from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Citigroup raised their target price on ConocoPhillips from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Raymond James Financial lifted their price target on ConocoPhillips from $113.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Wall Street Zen raised ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of ConocoPhillips in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and an average price target of $119.33.

Insider Buying and Selling

In related news, Director Timothy A. Leach sold 40,000 shares of the stock in a transaction on 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 directly owned 411,211 shares of the company’s stock, valued at $48,847,754.69. This trade represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $46,315,490.00. Following the completion of the transaction, the chief executive officer owned 325,972 shares in the company, 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 a total of 549,208 shares of company stock valued at $52,070,430 over the last three months. 0.24% of the stock is currently owned by company insiders.

Trending Headlines about ConocoPhillips

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 Monday. The firm has a market cap of $150.76 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.89 and a beta of 0.27. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $122.50. The business’s 50-day moving average price is $106.62 and its 200 day moving average price is $96.93. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35.

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

ConocoPhillips Dividend Announcement

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

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.