Annex Advisory Services LLC Sells 30,567 Shares of ConocoPhillips $COP

Key Points

• Annex Advisory cut its stake in ConocoPhillips by 89.7%, selling 30,567 shares and retaining 3,513 shares worth about $329,000 at the end of the quarter.
• Insiders have been heavy sellers: 734,891 shares were sold over the last quarter valued at $93,345,692 (including sales by EVP Nicholas Olds and SVP Heather Hrap), leaving insiders with just 0.09% ownership.
• Analyst sentiment is bullish with multiple target upgrades—Jefferies to $160, Morgan Stanley to $149 and Sanford C. Bernstein to $121—supporting a MarketBeat consensus of a Moderate Buy and an average target of $129.24.

Annex Advisory Services LLC reduced its stake in ConocoPhillips (NYSE:COP - Free Report) by 89.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,513 shares of the energy producer's stock after selling 30,567 shares during the period. Annex Advisory Services LLC's holdings in ConocoPhillips were worth $329,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC bought a new position in ConocoPhillips in the third quarter worth about $26,000. Strive Asset Management LLC bought a new position in ConocoPhillips in the third quarter worth about $28,000. Board of the Pension Protection Fund bought a new position in ConocoPhillips in the fourth quarter worth about $28,000. Cedar Mountain Advisors LLC raised its stake in ConocoPhillips by 58.0% in the third quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer's stock worth $30,000 after buying an additional 116 shares in the last quarter. Finally, KERR FINANCIAL PLANNING Corp bought a new position in ConocoPhillips in the third quarter worth about $28,000. 82.36% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Nicholas G. Olds sold 6,994 shares of the firm's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $127.06, for a total value of $888,657.64. Following the sale, the executive vice president owned 5,395 shares in the company, valued at approximately $685,488.70. This trade represents a 56.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Heather G. Hrap sold 2,654 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $119.68, for a total transaction of $317,630.72. Following the completion of the sale, the senior vice president owned 5,663 shares in the company, valued at $677,747.84. This represents a 31.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 734,891 shares of company stock valued at $93,345,692. Company insiders own 0.09% of the company's stock.

ConocoPhillips Trading Up 2.2%

NYSE:COP opened at $121.56 on Friday. The company's 50 day moving average price is $119.74 and its 200-day moving average price is $102.24. ConocoPhillips has a 52 week low of $84.28 and a 52 week high of $135.87. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. The stock has a market cap of $148.16 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 2.30 and a beta of 0.19.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing analysts' consensus estimates of $1.23 by ($0.21). ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The firm had revenue of $13.86 billion for the quarter, compared to analysts' expectations of $14.35 billion. During the same quarter in the previous year, the company earned $1.98 EPS. The company's quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were issued a dividend of $0.84 per share. The ex-dividend date was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.8%. ConocoPhillips's dividend payout ratio is presently 53.00%.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Jefferies raised ConocoPhillips’ profile with a higher price target, highlighting stronger oil-volume expectations and long-dated project optionality, which supports upside to COP’s long-term cash flows. Jefferies Financial Group Boosts ConocoPhillips NYSE: COP Price Target to $160.00
• Positive Sentiment: Sanford C. Bernstein raised its price target on COP, providing additional analyst support that can boost investor confidence and buying interest. Sanford C. Bernstein Raises ConocoPhillips NYSE: COP Price Target to $121.00
• Positive Sentiment: Analyst commentary (Jefferies, Goldman cited) reiterated optimism around higher oil volumes, benefits from elevated crude amid geopolitical strain, and long-dated projects (Willow, LNG expansion) as potential cash-flow drivers for COP. That narrative supports a bullish view on the stock’s medium-term earnings power. Are Analyst Upgrades Enough to Reframe ConocoPhillips’ (COP) Long-Term Cash Flow Story?
• Positive Sentiment: Macro commodity tailwinds: recent coverage highlights a surge in oil prices and strong European demand for U.S. natural gas — dynamics that lift integrated E&P cash flow and LNG take-or-pay economics, supportive for COP’s revenue and free cash flow. $100 Oil Should Be XOP’s Best Year Ever. Why Isn’t It?
• Positive Sentiment: Europe’s urgency to import U.S. gas amid supply disruptions is cited as structural demand for LNG — a tailwind for COP’s expanding LNG footprint. Europe Is Desperate for American Natural Gas. FCG Owns the Companies Selling It to Them
• Neutral Sentiment: Comparative valuation pieces (COP vs. DTM) and sector write-ups provide context for investors evaluating COP against peers and midstream names; useful for positioning but not immediate catalysts. COP vs. DTM: Which Stock Is the Better Value Option?
• Neutral Sentiment: Local / campus items (ConocoPhillips field trip) and broader dividend-ETF coverage are background noise for investors and unlikely to affect COP’s stock materially. ConocoPhillips Field Trip
• Negative Sentiment: Geopolitical headlines about potential Iran peace talks triggered short-term profit-taking across big oil names, which pulled COP lower in recent sessions; such headlines can quickly reverse the rally if tensions ease. Big Oil Stocks Drop on Possible Iran Peace Talks — Has the Energy Rally Run Its Course?
• Negative Sentiment: Recent market-day weakness pushed COP shares lower as part of broader sector volatility; short-term headwinds and earnings/revenue beats/misses will drive near-term sentiment. ConocoPhillips (COP) Stock Falls Amid Market Uptick: What Investors Need to Know

Analyst Upgrades and Downgrades

COP has been the subject of a number of analyst reports. Sanford C. Bernstein raised their target price on shares of ConocoPhillips from $98.00 to $121.00 and gave the company an "outperform" rating in a research note on Monday. Jefferies Financial Group raised their target price on shares of ConocoPhillips from $129.00 to $160.00 and gave the company a "buy" rating in a research note on Monday. Wall Street Zen raised shares of ConocoPhillips from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Roth Mkm downgraded shares of ConocoPhillips from a "buy" rating to a "neutral" rating and set a $112.00 target price for the company. in a research note on Tuesday, February 17th. Finally, Morgan Stanley raised their target price on shares of ConocoPhillips from $108.00 to $149.00 and gave the company an "overweight" rating in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $129.24.

ConocoPhillips 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.

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