Balentine LLC Boosts Stock Position in ConocoPhillips $COP

Key Points

• Balentine LLC boosted its stake in ConocoPhillips by 163.8% in Q4, buying 8,285 shares to hold 13,342 shares valued at about $1.25 million, and institutional investors now own roughly 82.36% of the company.
• Company insiders have been net sellers: CEO Ryan Michael Lance sold 506,800 shares for about $64.5 million, and insiders disposed of 734,891 shares (≈$93.35M) over the past 90 days, leaving insiders with just 0.09% ownership.
• Operationally, ConocoPhillips beat Q1 EPS estimates ($1.89 vs. $1.68) while revenue fell ~6% and management trimmed production guidance (excluding Qatar); the firm declared a $0.84 quarterly dividend (2.7% yield) and analysts' consensus is a Moderate Buy with an average target of $133.04.

Balentine LLC grew its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 163.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,342 shares of the energy producer's stock after buying an additional 8,285 shares during the period. Balentine LLC's holdings in ConocoPhillips were worth $1,249,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Tema Etfs LLC purchased a new stake in shares of ConocoPhillips during the 3rd quarter valued at about $1,804,000. Victory Capital Management Inc. increased its position in shares of ConocoPhillips by 14.7% during the 3rd quarter. Victory Capital Management Inc. now owns 2,331,176 shares of the energy producer's stock valued at $220,506,000 after purchasing an additional 298,245 shares during the last quarter. Natixis Advisors LLC increased its position in shares of ConocoPhillips by 8.7% during the 3rd quarter. Natixis Advisors LLC now owns 1,996,426 shares of the energy producer's stock valued at $188,842,000 after purchasing an additional 160,410 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of ConocoPhillips by 12.1% during the 3rd quarter. D.A. Davidson & CO. now owns 140,829 shares of the energy producer's stock valued at $13,321,000 after purchasing an additional 15,202 shares during the last quarter. Finally, Chilton Capital Management LLC increased its position in shares of ConocoPhillips by 3.2% during the 3rd quarter. Chilton Capital Management LLC now owns 389,995 shares of the energy producer's stock valued at $36,890,000 after purchasing an additional 11,958 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

Insiders Place Their Bets

In other ConocoPhillips news, SVP Kelly Brunetti Rose sold 8,500 shares of the company's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $118.04, for a total value of $1,003,340.00. Following the completion of the transaction, the senior vice president directly owned 32,984 shares in the company, valued at $3,893,431.36. This represents a 20.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ryan Michael Lance sold 506,800 shares of the company's stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $127.26, for a total value of $64,495,368.00. Following the completion of the transaction, the chief executive officer owned 6,835 shares of the company's stock, valued at $869,822.10. The trade was a 98.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 734,891 shares of company stock worth $93,345,692 over the last ninety days. 0.09% of the stock is owned by company insiders.

ConocoPhillips Trading Down 2.1%

Shares of NYSE:COP opened at $123.19 on Friday. The stock has a 50 day moving average of $122.17 and a 200 day moving average of $104.33. The company has a market cap of $150.15 billion, a PE ratio of 20.91, a price-to-earnings-growth ratio of 1.74 and a beta of 0.14. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12-month low of $84.28 and a 12-month high of $135.87.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $0.21. The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm's revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.09 EPS. As a group, equities research analysts expect that ConocoPhillips will post 9.47 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, May 11th. ConocoPhillips's dividend payout ratio is presently 57.05%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Scotiabank upped their price target on shares of ConocoPhillips from $100.00 to $125.00 and gave the company a "sector perform" rating in a research report on Wednesday, April 22nd. Mizuho upped their price target on shares of ConocoPhillips from $121.00 to $136.00 and gave the company an "outperform" rating in a research report on Tuesday, March 17th. Susquehanna upped their price target on shares of ConocoPhillips from $149.00 to $152.00 in a research report on Friday. Capital One Financial upped their price target on shares of ConocoPhillips from $116.00 to $156.00 and gave the company an "equal weight" rating in a research report on Thursday, March 26th. Finally, Argus upped their price target on shares of ConocoPhillips from $111.00 to $128.00 and gave the company a "strong-buy" rating in a research report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $133.04.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Q1 results beat estimates on EPS and showed disciplined cost control and strong cash generation, supporting near‑term profitability. ConocoPhillips Q1 EPS beats estimates; shares fall on Qatar output cut
• Positive Sentiment: Higher crude prices from Mideast tensions are boosting margins and expected free cash flow, increasing capacity for buybacks/dividends. Higher Oil Prices Are Boosting This Oil Stock's Profits. Here's How It's Using That Windfall.
• Positive Sentiment: Management outlined a $12.0–$12.5B 2026 capex range and reiterated multiyear free‑cash‑flow targets (on track for ~$7B FCF inflection by 2029), which supports long‑term shareholder returns. ConocoPhillips outlines $12B-$12.5B 2026 capex range...
• Neutral Sentiment: Zacks upgraded COP to strong‑buy and broader analyst commentary may influence flows, but upgrades are offset by the company’s trimmed production view. Is It Worth Investing in ConocoPhillips (COP) Based on Wall Street's Bullish Views?
• Negative Sentiment: Management excluded Qatar from Q2 guidance and trimmed full‑year production targets amid the Middle East conflict, a direct hit to near‑term volume expectations. ConocoPhillips Q1 2026 earnings fall 21% to $2.2bn
• Negative Sentiment: YoY production and revenues declined (revenue down ~6%), and management warned of wider supply disruption risks — factors pressuring the stock despite the beat. ConocoPhillips posts lower first-quarter profit
• Negative Sentiment: Geopolitical escalation (Iran/Stait of Hormuz concerns) has pushed oil higher but raises operational and guidance uncertainty; market reaction shows shares falling on the guidance cut despite higher commodity prices. Oil Set for Weekly Gain as Trump Says Iran Blockade Will Persist

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.

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