Entropy Technologies LP Raises Position in ConocoPhillips $COP

Entropy Technologies LP raised its holdings in shares of ConocoPhillips (NYSE:COP) by 818.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,963 shares of the energy producer’s stock after acquiring an additional 140,772 shares during the quarter. ConocoPhillips comprises approximately 0.8% of Entropy Technologies LP’s portfolio, making the stock its 8th biggest holding. Entropy Technologies LP’s holdings in ConocoPhillips were worth $14,787,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strive Asset Management LLC bought a new stake in ConocoPhillips during the 3rd quarter valued at $28,000. Board of the Pension Protection Fund bought a new stake in ConocoPhillips during the 4th quarter valued at $28,000. KERR FINANCIAL PLANNING Corp bought a new stake in ConocoPhillips during the 3rd quarter valued at $28,000. Sfam LLC bought a new stake in ConocoPhillips during the 4th quarter valued at $34,000. Finally, Optima Capital LLC bought a new stake in ConocoPhillips during the 4th quarter valued at $34,000. Institutional investors own 82.36% of the company’s stock.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips has been trading higher alongside the broader rebound in energy stocks, with crude prices and sector momentum helping support investor demand. ConocoPhillips (COP) Rises Higher Than Market: Key Facts
• Positive Sentiment: Wall Street remains broadly constructive on ConocoPhillips, with reports citing 18 buy ratings and no sell ratings, reinforcing the view that analysts still expect solid upside potential. Wall Street Has 18 Buy Ratings on ConocoPhillips and Zero Sells. Our Price Target Says They Are All Wrong
• Positive Sentiment: ConocoPhillips continues to be highlighted as a strong value stock, which can attract investors looking for cash-flow-generating energy names at reasonable valuations. Here’s Why ConocoPhillips (COP) is a Strong Value Stock
• Neutral Sentiment: ConocoPhillips was included in a TotalEnergies-led offshore exploration MoU in Syria, but the news is early-stage and appears more strategic than immediately material to earnings. TotalEnergies (TTE), QatarEnergy, ConocoPhillips (COP) Sign MoU to Explore Offshore Block 3
• Negative Sentiment: Some commentary suggests the recent rebound may have pushed ConocoPhillips above fair value, with one note arguing the stock could be priced ahead of fundamentals despite the bullish analyst backdrop. Wall Street Has 18 Buy Ratings on ConocoPhillips and Zero Sells. Our Price Target Says They Are All Wrong
• Negative Sentiment: Recent insider selling added a small cautionary note for investors, though the move appears limited relative to the broader bullish trend. Top ConocoPhillips Insider Makes Notable Move in Latest Stock Transaction

ConocoPhillips Stock Up 1.1%

Shares of NYSE:COP opened at $116.59 on Friday. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $135.87. The firm has a fifty day moving average of $120.62 and a 200 day moving average of $110.46. The firm has a market capitalization of $142.04 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.30 and a beta of 0.11. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. As a group, research analysts anticipate that ConocoPhillips will post 10.03 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were given a $0.84 dividend. The ex-dividend date was Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 2.9%. ConocoPhillips’s payout ratio is 57.05%.

Insider Buying and Selling

In other ConocoPhillips news, EVP Nicholas G. Olds sold 6,994 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $127.06, for a total transaction of $888,657.64. Following the completion of the sale, the executive vice president directly owned 5,395 shares in the company, valued at $685,488.70. This represents a 56.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Michael Lance sold 506,800 shares of the company’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $127.26, for a total transaction of $64,495,368.00. Following the sale, the chief executive officer owned 6,835 shares of the company’s stock, valued at approximately $869,822.10. The trade was a 98.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 634,715 shares of company stock worth $81,410,816. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

COP has been the topic of a number of analyst reports. Royal Bank Of Canada boosted their target price on shares of ConocoPhillips from $118.00 to $152.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Citigroup boosted their target price on shares of ConocoPhillips from $135.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Piper Sandler boosted their target price on shares of ConocoPhillips from $154.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Truist Financial set a $128.00 target price on shares of ConocoPhillips in a report on Friday, May 1st. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of ConocoPhillips in a report on Wednesday, June 3rd. Seventeen equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.