938,163 Shares of ConocoPhillips $COP Purchased by Artemis Investment Management LLP

Key Points

• Artemis Investment Management acquired 938,163 ConocoPhillips shares worth approximately $117.4 million, representing about 0.08% of the company. Institutional investors and hedge funds collectively own 82.36% of COP.
• ConocoPhillips reported strong quarterly results, with adjusted earnings of $3.24 per share exceeding estimates of $2.90 and revenue rising 32.4% year over year to $19.52 billion. The company also pays a quarterly dividend of $0.84 per share, yielding about 2.5% annually.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $143.29, while COP recently traded at $134.11. However, recent insider activity included share sales and no reported purchases.

Artemis Investment Management LLP purchased a new stake in ConocoPhillips (NYSE:COP - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 938,163 shares of the energy producer's stock, valued at approximately $117,411,000. Artemis Investment Management LLP owned approximately 0.08% of ConocoPhillips as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Aletheian Wealth Advisors LLC acquired a new stake in ConocoPhillips in the third quarter valued at approximately $232,000. Titleist Asset Management LLC raised its stake in shares of ConocoPhillips by 34.9% during the 3rd quarter. Titleist Asset Management LLC now owns 4,488 shares of the energy producer's stock worth $562,000 after buying an additional 1,161 shares during the period. Apella Capital LLC lifted its position in shares of ConocoPhillips by 83.4% during the 3rd quarter. Apella Capital LLC now owns 19,966 shares of the energy producer's stock valued at $2,499,000 after buying an additional 9,078 shares in the last quarter. Everhart Financial Group Inc. lifted its position in shares of ConocoPhillips by 70.6% during the 3rd quarter. Everhart Financial Group Inc. now owns 15,405 shares of the energy producer's stock valued at $1,928,000 after buying an additional 6,377 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC grew its stake in ConocoPhillips by 135.7% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 48,489 shares of the energy producer's stock valued at $6,068,000 after acquiring an additional 27,914 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Price Performance

Shares of NYSE COP traded up $4.27 during mid-day trading on Thursday, reaching $134.11. The company's stock had a trading volume of 2,703,853 shares, compared to its average volume of 8,115,639. The stock has a 50-day moving average of $129.08 and a two-hundred day moving average of $121.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. The stock has a market capitalization of $161.11 billion, a P/E ratio of 17.70, a P/E/G ratio of 1.35 and a beta of 0.24. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $141.62.

ConocoPhillips (NYSE:COP - Get Free Report) 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. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same period in the previous year, the business posted $1.42 earnings per share. ConocoPhillips's quarterly revenue was up 32.4% on a year-over-year basis. On average, equities research analysts anticipate that ConocoPhillips will post 10.62 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Monday, August 17th. ConocoPhillips's payout ratio is currently 44.44%.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices are the primary catalyst. ConocoPhillips is particularly sensitive to commodity prices because stronger realized prices can increase upstream revenue, operating cash flow and shareholder returns. ConocoPhillips gains as oil prices jump on supply fears
• Positive Sentiment: Zacks Research upgraded COP from “Hold” to “Strong Buy.” The upgrade adds to the stock’s favorable analyst backdrop; recent ratings include Buy and Overweight recommendations, while the median reported price target is $143.
• Positive Sentiment: Recent company fundamentals remain supportive. ConocoPhillips previously reaffirmed full-year guidance, reported strong operating cash flow and doubled second-quarter share repurchases. Its latest quarterly results also exceeded analyst expectations, with revenue up 32.4% year over year.
• Positive Sentiment: Long-term gas exposure and portfolio optimization provide additional support. The company’s 20-year agreement to purchase LNG from Venture Global beginning in 2030 could expand its gas presence, while a potential sale of Norway and U.K. Teesside assets—reportedly valued near $7 billion—could increase capital flexibility.
• Neutral Sentiment: Institutional positioning is mixed. Major investors including JPMorgan, Sixth Street Partners, BlackRock and T. Rowe Price added shares in the latest quarter, but other institutions reduced holdings. This suggests continued investor interest without a uniform market view.
• Negative Sentiment: Recent insider activity has consisted entirely of sales. Three insiders sold shares during the past six months, with no reported purchases. These transactions may modestly temper sentiment, although they do not necessarily indicate a change in the company’s outlook.

Wall Street Analyst Weigh In

COP has been the subject of a number of research analyst reports. Zacks Research upgraded shares of ConocoPhillips from a "hold" rating to a "strong-buy" rating in a research report on Tuesday. The Goldman Sachs Group dropped their target price on shares of ConocoPhillips from $144.00 to $138.00 and set a "buy" rating on the stock in a research report on Tuesday, June 30th. Freedom Capital raised shares of ConocoPhillips from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Raymond James Financial restated an "underperform" rating and set a $168.00 price target on shares of ConocoPhillips in a research report on Monday, August 24th. Finally, Susquehanna lifted their price objective on ConocoPhillips from $155.00 to $161.00 and gave the stock a "positive" rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $143.29.

Insider Buying and Selling at ConocoPhillips

In other news, SVP Andrew Lundquist sold 9,487 shares of the company'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 value of $1,282,168.05. Following the completion of the sale, the senior vice president directly owned 9,593 shares in the company, valued at $1,296,493.95. This represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.09% of the stock is currently owned by corporate insiders.

ConocoPhillips Company Profile

ConocoPhillips NYSE: COP is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.

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