10,779 ConocoPhillips $COP Shares Purchased by Soltis Investment Advisors LLC

Key Points

• Soltis Investment Advisors increased its ConocoPhillips stake by 56.4% in the third quarter, purchasing 10,779 shares and bringing its holdings to 29,885 shares valued at approximately $3.74 million. Institutional investors collectively own 82.36% of COP.
• Analyst sentiment is broadly positive, with a consensus rating of “Moderate Buy” from 28 analysts and an average price target of $145, although that target is below the stock’s reported $150.04 price.
• ConocoPhillips reported quarterly earnings of $3.24 per share and revenue of $19.52 billion, exceeding estimates, while maintaining a quarterly dividend of $0.84, equivalent to a 2.2% annualized yield.

Soltis Investment Advisors LLC increased its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 56.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,885 shares of the energy producer's stock after acquiring an additional 10,779 shares during the quarter. Soltis Investment Advisors LLC's holdings in ConocoPhillips were worth $3,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Carolina Wealth Advisors LLC bought a new position in shares of ConocoPhillips during the 3rd quarter valued at about $28,000. Frazier Financial Advisors LLC grew its position in shares of ConocoPhillips by 151.0% during the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer's stock valued at $32,000 after purchasing an additional 145 shares in the last quarter. William Mack & Associates Inc. bought a new stake in shares of ConocoPhillips in the third quarter worth about $34,000. Ballast Advisors LLC bought a new stake in shares of ConocoPhillips in the first quarter worth about $36,000. Finally, Evergreen Advisors LLC bought a new stake in shares of ConocoPhillips in the first quarter worth about $36,000. Institutional investors own 82.36% of the company's stock.

Analysts Set New Price Targets

COP has been the topic of a number of research analyst reports. Weiss Ratings upgraded ConocoPhillips from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, September 29th. William Blair began coverage on ConocoPhillips in a report on Wednesday. They set a "market perform" rating for the company. Seaport Research Partners assumed coverage on ConocoPhillips in a research note on Thursday, September 3rd. They issued a "neutral" rating on the stock. Raymond James Financial reaffirmed an "underperform" rating and issued a $168.00 price objective on shares of ConocoPhillips in a research note on Monday, August 24th. Finally, Jefferies Financial Group upped their price objective on ConocoPhillips from $159.00 to $174.00 and gave the stock a "buy" rating in a report on Tuesday, October 6th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $145.00.

ConocoPhillips Stock Performance

Shares of NYSE:COP opened at $150.04 on Friday. ConocoPhillips has a 52 week low of $85.57 and a 52 week high of $152.77. The stock has a market capitalization of $180.25 billion, a P/E ratio of 19.85, a PEG ratio of 1.45 and a beta of 0.24. The firm has a fifty day simple moving average of $135.76 and a two-hundred day simple moving average of $120.76. 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 (NYSE:COP - Get Free Report) last posted its 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 the consensus estimate of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business's quarterly revenue was up 32.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.42 EPS. On average, analysts expect that ConocoPhillips will post 11.42 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

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

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices are supporting the outlook for ConocoPhillips. Brent crude is near $104 per barrel, and analysts expect strong year-over-year growth in third-quarter revenue and profit, with several indicators pointing to a potential earnings beat. ConocoPhillips to Report Q3 Earnings: What's in the Cards?
• Positive Sentiment: The company’s strong second-quarter performance—earnings of $3.24 per share versus a $2.90 consensus estimate and revenue of $19.52 billion versus an $18.79 billion forecast—continues to support investor confidence in its upstream operations. ConocoPhillips Stock Stays Hard To Call On Strong Q2 Earnings
• Positive Sentiment: COP recently reclaimed its 50-day moving average, a technical signal that suggests improving short-term momentum. The stock has also substantially outperformed over the past five years. ConocoPhillips Just Reclaimed the 50-Day Moving Average
• Neutral Sentiment: Analysts and valuation screens remain constructive, describing ConocoPhillips as a value stock with expected earnings growth. Piper Sandler has initiated coverage, while the reported average price target of $145 is below the current trading level, suggesting limited near-term upside from consensus targets. Piper Sandler Initiates Coverage on ConocoPhillips
• Negative Sentiment: Momentum indicators warn that COP, along with other major energy stocks, is overbought after its recent rally, raising the risk of profit-taking or a pullback. Top 3 Energy Stocks You May Want To Dump In Q4
• Negative Sentiment: Investors are questioning whether COP’s valuation and multiyear share-price gains are fully supported by sustainable earnings. Comparisons with Chevron and EOG Resources also highlight concerns about how ConocoPhillips’ dividend could perform if oil prices weaken. ConocoPhillips vs. EOG Resources
• Negative Sentiment: Reported job cuts in Alberta signal potential cost pressures and a softer operating environment in parts of the Canadian oil patch. Separately, rising interest rates could weigh on risk assets and compress valuations for cyclical energy producers.

Insiders Place Their Bets

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the business's stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the sale, the senior vice president directly owned 9,593 shares of the company's stock, valued at $1,296,493.95. The trade was a 49.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is owned by insiders.

ConocoPhillips 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.

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