ConocoPhillips $COP Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in ConocoPhillips (NYSE:COP) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 282,461 shares of the energy producer’s stock after acquiring an additional 16,343 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in ConocoPhillips were worth $27,315,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Magnetar Financial LLC acquired a new position in ConocoPhillips in the second quarter valued at about $254,000. Nemes Rush Group LLC increased its position in shares of ConocoPhillips by 38.7% during the second quarter. Nemes Rush Group LLC now owns 419 shares of the energy producer’s stock valued at $38,000 after acquiring an additional 117 shares during the last quarter. American Century Companies Inc. increased its position in shares of ConocoPhillips by 11.3% during the second quarter. American Century Companies Inc. now owns 1,696,462 shares of the energy producer’s stock valued at $152,241,000 after acquiring an additional 172,383 shares during the last quarter. Waterloo Capital L.P. raised its stake in shares of ConocoPhillips by 10.1% in the 2nd quarter. Waterloo Capital L.P. now owns 4,381 shares of the energy producer’s stock valued at $393,000 after acquiring an additional 401 shares during the period. Finally, Global Retirement Partners LLC purchased a new stake in shares of ConocoPhillips in the 2nd quarter valued at approximately $1,346,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Activity

In related news, SVP Heather G. Hrap sold 2,654 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $119.68, for a total value of $317,630.72. Following the sale, the senior vice president owned 5,663 shares of the company’s stock, valued at $677,747.84. This trade represents a 31.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Andrew D. Lundquist sold 34,500 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $119.68, for a total transaction of $4,128,960.00. Following the transaction, the senior vice president owned 17,469 shares of the company’s stock, valued at $2,090,689.92. This trade represents a 66.39% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 613,970 shares of company stock valued at $77,318,902. 0.24% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Johnson Rice cut shares of ConocoPhillips from an “accumulate” rating to a “hold” rating and lowered their price objective for the stock from $108.00 to $105.00 in a research report on Friday, December 5th. Barclays boosted their target price on ConocoPhillips from $118.00 to $128.00 and gave the company an “overweight” rating in a research report on Monday, March 16th. Mizuho upped their price target on ConocoPhillips from $121.00 to $136.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Wall Street Zen upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Morgan Stanley cut their price objective on ConocoPhillips from $117.00 to $108.00 and set an “overweight” rating on the stock in a report on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $120.52.

ConocoPhillips Price Performance

Shares of COP opened at $129.32 on Wednesday. The company has a market cap of $159.81 billion, a P/E ratio of 20.40, a PEG ratio of 3.50 and a beta of 0.27. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $131.00. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average price is $110.59 and its 200 day moving average price is $98.33.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data 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 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% compared to the same quarter last year. During the same period in the prior year, the company posted $1.98 EPS. On average, research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were given 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 dividend yield of 2.6%. ConocoPhillips’s payout ratio is currently 53.00%.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Stock momentum and market reaction — COP has outperformed the broader market in recent sessions, reflecting oil/LNG strength and risk-led flows into producers; that intraday strength is a near‑term technical and sentiment positive for the stock. COP Advances While Market Declines
• Positive Sentiment: Management downplays hit to ConocoPhillips — CEO Ryan Lance said about 20% of global LNG supply is offline but described the impact as manageable for ConocoPhillips, signaling operational resilience and suggesting the company can benefit from higher global LNG/oil prices. CEO: 20% of LNG offline manageable
• Positive Sentiment: Sector tailwinds and income profile — Higher crude prices and ConocoPhillips’ recent dividend and buyback track record support income-seeking investors and underpin longer-term cash return expectations. Coverage and opinion pieces are highlighting COP as a beneficiary of elevated oil. 109‑year‑old energy giant paying $4B in dividends
• Neutral Sentiment: Market structure view — CEO comments that crude could flip into contango are more of a macro/tactical observation; contango dynamics can influence storage and hedging strategies but do not immediately change ConocoPhillips’ upstream fundamentals. CEO expects contango
• Neutral Sentiment: Covered-call / options interest — Elevated price targets and volatility have made covered-call strategies on COP attractive to some investors seeking income, but this is a tactical trade rather than a driver of fundamental value. Covered-call plays attractive
• Negative Sentiment: Geopolitical / operational risk in Qatar — ConocoPhillips has asked the U.S. for expanded protection after Iranian strikes damaged facilities and led to staff evacuations; management calls the situation a material risk to international operations, increasing near‑term operational and political uncertainty. Seeks US protection as Qatar risks test LNG growth
• Negative Sentiment: Large insider sales — CEO Ryan Lance sold ~506,800 shares (disclosed) and an EVP sold ~6,994 shares in recent filings; large insider disposals can spook investors and raise governance/ownership questions even if sales are for diversification or tax reasons. Ryan Lance sells shares Nicholas Olds sells shares
• Negative Sentiment: Analyst caution — New coverage from Truist sets a “hold” with a ~$124 target (below recent levels), signaling some analyst skepticism on upside from current prices. Truist coverage: hold $124 PT

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.