Sen. Markwayne Mullin Sells Off Shares of ConocoPhillips (NYSE:COP)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of ConocoPhillips NYSE: COP. In a filing disclosed on May 12th, the Senator disclosed that they had sold between $15,001 and $50,000 in ConocoPhillips stock on April 8th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Texas Instruments NASDAQ: TXN on 4/8/2025.
• Sold $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/8/2025.
• Sold $50,001 - $100,000 in shares of Lam Research NASDAQ: LRCX on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Chevron NYSE: CVX on 4/8/2025.
• Sold $50,001 - $100,000 in shares of Thermo Fisher Scientific NYSE: TMO on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/8/2025.
• Sold $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/8/2025.
• Sold $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 4/8/2025.
• Sold $50,001 - $100,000 in shares of Valero Energy NYSE: VLO on 4/8/2025.
• Purchased $15,001 - $50,000 in shares of Capital One Financial NYSE: COF on 3/19/2025.

ConocoPhillips Stock Up 0.3%

NYSE:COP traded up $0.29 during mid-day trading on Thursday, hitting $92.86. 6,696,170 shares of the company's stock traded hands, compared to its average volume of 7,307,611. The company has a fifty day moving average of $93.29 and a 200 day moving average of $99.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $122.11. The company has a market capitalization of $117.39 billion, a P/E ratio of 11.92, a P/E/G ratio of 0.79 and a beta of 0.64.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating the consensus estimate of $2.05 by $0.04. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. The firm had revenue of $16.18 billion during the quarter, compared to analyst estimates of $15.74 billion. During the same period last year, the firm posted $2.05 EPS. On average, analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a $0.78 dividend. The ex-dividend date is Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.36%. ConocoPhillips's payout ratio is 39.64%.

Institutional Investors Weigh In On ConocoPhillips

Institutional investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in ConocoPhillips by 379.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 40,094,754 shares of the energy producer's stock valued at $4,210,751,000 after purchasing an additional 31,736,423 shares during the last quarter. Vanguard Group Inc. raised its position in shares of ConocoPhillips by 11.7% in the fourth quarter. Vanguard Group Inc. now owns 121,826,062 shares of the energy producer's stock valued at $12,081,491,000 after buying an additional 12,751,120 shares during the last quarter. Nuveen LLC purchased a new position in shares of ConocoPhillips in the first quarter worth about $658,981,000. Price T Rowe Associates Inc. MD boosted its position in ConocoPhillips by 13.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 45,847,572 shares of the energy producer's stock worth $4,546,706,000 after acquiring an additional 5,549,078 shares during the last quarter. Finally, Invesco Ltd. boosted its position in ConocoPhillips by 37.1% during the fourth quarter. Invesco Ltd. now owns 15,570,246 shares of the energy producer's stock worth $1,544,101,000 after acquiring an additional 4,211,939 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on COP shares. Barclays reduced their price target on shares of ConocoPhillips from $135.00 to $120.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. Susquehanna cut their price target on ConocoPhillips from $120.00 to $114.00 and set a "positive" rating on the stock in a research report on Monday. Bank of America downgraded ConocoPhillips from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $138.00 to $107.00 in a research note on Tuesday, April 29th. UBS Group reduced their price target on ConocoPhillips from $116.00 to $111.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Piper Sandler lowered their price objective on ConocoPhillips from $114.00 to $107.00 and set an "overweight" rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, ConocoPhillips has a consensus rating of "Moderate Buy" and a consensus target price of $122.74.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father's plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

About ConocoPhillips

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.