ConocoPhillips $COP Shares Sold by Sapient Capital LLC

Sapient Capital LLC lowered its position in ConocoPhillips (NYSE:COP) by 51.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,965 shares of the energy producer’s stock after selling 5,238 shares during the period. Sapient Capital LLC’s holdings in ConocoPhillips were worth $516,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Concurrent Investment Advisors LLC lifted its stake in shares of ConocoPhillips by 31.2% in the 4th quarter. Concurrent Investment Advisors LLC now owns 86,171 shares of the energy producer’s stock valued at $8,067,000 after purchasing an additional 20,501 shares during the period. D.A. Davidson & CO. grew its position in ConocoPhillips by 10.5% during the fourth quarter. D.A. Davidson & CO. now owns 155,662 shares of the energy producer’s stock valued at $14,572,000 after buying an additional 14,833 shares during the period. Assetmark Inc. grew its position in ConocoPhillips by 17.6% during the fourth quarter. Assetmark Inc. now owns 410,229 shares of the energy producer’s stock valued at $38,402,000 after buying an additional 61,361 shares during the period. Vanguard Group Inc. increased its holdings in ConocoPhillips by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 120,251,183 shares of the energy producer’s stock valued at $11,256,713,000 after buying an additional 408,304 shares in the last quarter. Finally, Mach 1 Financial Group LLC purchased a new position in ConocoPhillips in the fourth quarter valued at $1,169,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $122.88 on Tuesday. The firm has a 50-day simple moving average of $113.23 and a 200-day simple moving average of $115.92. The stock has a market capitalization of $147.62 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 1.38 and a beta of 0.11. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 52 week low of $85.57 and a 52 week high of $135.87.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.34. The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. ConocoPhillips’s quarterly revenue was up 32.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.42 earnings per share. On average, equities analysts predict that ConocoPhillips will post 9.44 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 17th. ConocoPhillips’s dividend payout ratio (DPR) is 44.44%.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Strong Q2 performance and capital returns: ConocoPhillips reported $19.52 billion in second-quarter revenue, up 32.4% year over year, and adjusted earnings of $3.24 per share, exceeding consensus estimates. Cash from operations reached $7.2 billion, while the company doubled share repurchases and raised second-quarter shareholder distributions to $3 billion. Management maintained full-year guidance and expects third-quarter production of approximately 2.29 million to 2.32 million barrels of oil equivalent per day. ConocoPhillips Stock Rises After Strong Q2 Results and Higher Oil Prices
• Positive Sentiment: Improved outlook and portfolio initiatives: Recent analysis highlights COP’s portfolio adjustments, global growth projects, Lower 48 asset sales and expanded LNG offtake. The company has also outlined a goal of generating $7 billion in free cash flow by 2029, potentially supporting future distributions and balance-sheet flexibility. COP Q2 Deep Dive: Portfolio Shifts, Leadership Change and Global Growth Initiatives ConocoPhillips: A Revised Outlook Following Q2 Earnings
• Positive Sentiment: Higher analyst target: Truist raised its COP price target from $115 to $130 while retaining a Hold rating. The increase suggests improved valuation expectations following the earnings update, although the unchanged rating indicates limited conviction at current levels. Benzinga analyst update
• Neutral Sentiment: Leadership transition: CFO Andy O’Brien is scheduled to replace longtime CEO Ryan Lance on September 1. The change provides continuity but leaves the incoming CEO responsible for delivering the $7 billion cash-flow target, controlling costs and completing a major Alaska project. New ConocoPhillips CEO inherits $7 billion cash flow pledge
• Negative Sentiment: Insider selling and political scrutiny: QuiverQuant reported 12 insider sales and no insider purchases over the past six months. Separately, Illinois Governor JB Pritzker called for oil companies including COP to return alleged windfall profits, creating a potential regulatory and reputational overhang. ConocoPhillips insider activity and market analysis JB Pritzker demands Big Oil return windfall profits

Wall Street Analyst Weigh In

Several research firms have recently issued reports on COP. Mizuho lowered their target price on shares of ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 7th. Jefferies Financial Group lifted their price target on ConocoPhillips from $160.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Roth Capital raised ConocoPhillips from a “neutral” rating to a “buy” rating and upped their price target for the stock from $124.00 to $130.00 in a report on Monday, June 22nd. Barclays increased their price target on ConocoPhillips from $136.00 to $155.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 26th. Finally, Sanford C. Bernstein raised their price objective on ConocoPhillips from $98.00 to $121.00 and gave the company an “outperform” rating in a report on Monday, April 13th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and an average target price of $137.04.

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.