SmartHarvest Portfolios LLC Takes Position in ConocoPhillips $COP

SmartHarvest Portfolios LLC acquired a new stake in ConocoPhillips (NYSE:COP) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 6,863 shares of the energy producer’s stock, valued at approximately $642,000.

A number of other large investors have also bought and sold shares of COP. KERR FINANCIAL PLANNING Corp bought a new position in ConocoPhillips in the third quarter valued at approximately $28,000. Board of the Pension Protection Fund bought a new stake in shares of ConocoPhillips during the fourth quarter worth $28,000. Strive Asset Management LLC bought a new stake in shares of ConocoPhillips during the third quarter worth $28,000. BNP Paribas acquired a new stake in shares of ConocoPhillips during the second quarter worth $33,000. Finally, Optima Capital LLC acquired a new stake in shares of ConocoPhillips during the fourth quarter worth $34,000. 82.36% of the stock is owned by institutional investors.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, SVP Kelly Brunetti Rose sold 7,700 shares of the stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $130.03, for a total value of $1,001,231.00. Following the completion of the sale, the senior vice president owned 25,284 shares in the company, valued at $3,287,678.52. This trade represents a 23.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Michael Lance sold 506,800 shares of ConocoPhillips 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 completion of the transaction, the chief executive officer directly owned 6,835 shares of the company’s stock, valued at approximately $869,822.10. This trade represents a 98.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 634,715 shares of company stock valued at $81,410,816. 0.09% of the stock is owned by corporate insiders.

ConocoPhillips Price Performance

NYSE:COP opened at $115.41 on Friday. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $135.87. The company has a market cap of $140.60 billion, a P/E ratio of 19.59, a P/E/G ratio of 1.33 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. The stock’s 50-day simple moving average is $120.86 and its 200 day simple moving average is $110.41.

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

ConocoPhillips Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on COP shares. Wall Street Zen raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Citigroup boosted their price target on ConocoPhillips from $135.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Raymond James Financial reduced their price objective on ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating for the company in a research report on Monday, June 1st. Susquehanna upped their price objective on ConocoPhillips from $149.00 to $152.00 in a research report on Friday, May 1st. Finally, Wolfe Research increased their price objective on ConocoPhillips from $138.00 to $144.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Seventeen investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.48.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips joined TotalEnergies and QatarEnergy in an MoU with the Syrian Petroleum Company to explore offshore Block 3 in the Mediterranean, which could create a new long-term exploration opportunity if the project advances. Article Title
• Positive Sentiment: Recent commentary on COP remains constructive overall, with some analysts highlighting the company’s resilience and others maintaining upbeat price targets, suggesting Wall Street still sees upside potential over time. Article Title
• Neutral Sentiment: Energy stocks broadly have been stronger this year, and the sector ETF’s gains show investors are still favoring oil and gas names despite recent pullbacks. Article Title
• Neutral Sentiment: ConocoPhillips reported solid last quarter results, beating EPS and revenue estimates, which continues to support the investment case even though year-over-year revenue declined.
• Negative Sentiment: Insider activity has been negative, with a recent director stock sale adding to a pattern of insider selling that can weigh on sentiment. Article Title
• Negative Sentiment: One recent article framed COP as vulnerable to additional market weakness, reinforcing concerns that the stock could stay tied to crude-price moves if oil sentiment softens further. Article Title

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.