ConocoPhillips $COP Shares Purchased by Pinkerton Wealth LLC

Pinkerton Wealth LLC boosted its position in shares of ConocoPhillips (NYSE:COP) by 8.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 88,563 shares of the energy producer’s stock after buying an additional 7,015 shares during the quarter. ConocoPhillips accounts for 1.7% of Pinkerton Wealth LLC’s investment portfolio, making the stock its 9th biggest holding. Pinkerton Wealth LLC’s holdings in ConocoPhillips were worth $11,084,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Warwick Investment Management Inc. lifted its holdings in shares of ConocoPhillips by 2.1% in the third quarter. Warwick Investment Management Inc. now owns 4,066 shares of the energy producer’s stock valued at $509,000 after purchasing an additional 82 shares in the last quarter. IFC Advisors LLC boosted its position in shares of ConocoPhillips by 0.4% in the first quarter. IFC Advisors LLC now owns 20,182 shares of the energy producer’s stock worth $2,664,000 after buying an additional 84 shares during the period. Kennebec Savings Bank grew its holdings in shares of ConocoPhillips by 1.3% during the third quarter. Kennebec Savings Bank now owns 6,828 shares of the energy producer’s stock valued at $855,000 after buying an additional 85 shares in the last quarter. Cornerstone Planning Group LLC grew its holdings in shares of ConocoPhillips by 9.6% during the first quarter. Cornerstone Planning Group LLC now owns 1,006 shares of the energy producer’s stock valued at $124,000 after buying an additional 88 shares in the last quarter. Finally, Prosperitas Financial LLC grew its holdings in shares of ConocoPhillips by 4.1% during the third quarter. Prosperitas Financial LLC now owns 2,300 shares of the energy producer’s stock valued at $288,000 after buying an additional 91 shares in the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Price Performance

COP opened at $154.10 on Monday. The stock has a fifty day moving average price of $136.14 and a 200 day moving average price of $121.05. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $154.28. The stock has a market cap of $185.13 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.50 and a beta of 0.16.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%. The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same period in the prior year, the firm posted $1.42 EPS. The business’s revenue was up 32.4% compared to the same quarter last year. Analysts forecast that ConocoPhillips will post 11.41 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.84 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.36 annualized dividend and a dividend yield of 2.2%. ConocoPhillips’s payout ratio is presently 44.44%.

Analyst Ratings Changes

Several research analysts recently weighed in on COP shares. Barclays dropped their price target on ConocoPhillips from $155.00 to $150.00 and set an “overweight” rating on the stock in a research report on Monday, August 17th. The Goldman Sachs Group restated a “buy” rating and set a $157.00 price objective on shares of ConocoPhillips in a research report on Tuesday, October 20th. UBS Group reaffirmed an “outperform” rating on shares of ConocoPhillips in a research note on Monday. William Blair assumed coverage on ConocoPhillips in a report on Wednesday. They issued a “market perform” rating on the stock. Finally, Seaport Research Partners started coverage on shares of ConocoPhillips in a research report on Thursday, September 3rd. They issued a “neutral” rating for the company. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.08.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices—Brent crude was reported near $104 per barrel—are improving the earnings outlook for ConocoPhillips and other exploration and production companies. Analysts also see favorable indicators for a potential third-quarter earnings beat. ConocoPhillips to Report Q3 Earnings: What’s in the Cards?
• Positive Sentiment: ConocoPhillips is being highlighted as a relatively low-beta energy stock that may appeal to investors seeking resilience during market volatility. Its upstream portfolio, growth prospects and investment program are supporting the constructive view. Stay Ahead of Market Uncertainty With BP, XOM, COP and E
• Neutral Sentiment: Several valuation-focused reports describe COP as a strong value stock and emphasize its powerful multiyear performance, while noting that investors must determine whether current earnings can justify the elevated share price. ConocoPhillips Stock Stays Hard To Call On Strong Q2 Earnings
• Neutral Sentiment: Piper Sandler initiated coverage on ConocoPhillips, potentially increasing analyst attention, although the available report does not provide a rating or price target. Piper Sandler Initiates Coverage on ConocoPhillips
• Negative Sentiment: Technical analysts warn that COP may be overbought after its strong gains, with a relative-strength reading above 70. That raises the risk of profit-taking or a pullback if oil prices or earnings disappoint. Top 3 Energy Stocks You May Want To Dump In Q4
• Negative Sentiment: Reported job cuts in Alberta add a near-term reputational and operational concern, while comparisons with Chevron and EOG Resources highlight uncertainty over how well ConocoPhillips’ dividend would hold up during a major oil-price downturn. ConocoPhillips Cuts Alberta Jobs

Insider Activity at ConocoPhillips

In related news, SVP Andrew Lundquist sold 9,487 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $135.15, for a total value of $1,282,168.05. Following the transaction, the senior vice president owned 9,593 shares in the company, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.09% of the company’s stock.

ConocoPhillips Company Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing oil, natural gas and natural gas liquids. Unlike integrated energy companies, it primarily focuses on upstream activities rather than operating large refining or retail fuel businesses.

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.