Bokf Na Sells 15,877 Shares of ConocoPhillips $COP

Key Points

• Bokf Na trimmed its ConocoPhillips stake by 11.7% in Q4, selling 15,877 shares and ending the period with 119,867 shares valued at about $11.22 million.
• Company insiders have been net sellers recently — CEO Ryan Michael Lance sold 506,800 shares (~$64.5M) and SVP Andrew D. Lundquist sold 34,500 shares, with insiders disposing of 734,891 shares worth $93.35M over the past three months.
• Q1 earnings beat expectations (EPS $1.89 vs. $1.72), ConocoPhillips announced a quarterly dividend of $0.84 (2.7% yield), and analysts carry a consensus "Moderate Buy" with an average price target of $133.04.

Bokf Na cut its holdings in ConocoPhillips (NYSE:COP - Free Report) by 11.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 119,867 shares of the energy producer's stock after selling 15,877 shares during the period. Bokf Na's holdings in ConocoPhillips were worth $11,221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in COP. Capital International Investors grew its stake in shares of ConocoPhillips by 18.2% in the 3rd quarter. Capital International Investors now owns 45,645,397 shares of the energy producer's stock valued at $4,318,239,000 after buying an additional 7,037,873 shares during the period. Primecap Management Co. CA grew its stake in shares of ConocoPhillips by 31.3% in the 3rd quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer's stock valued at $979,102,000 after buying an additional 2,467,555 shares during the period. Ameriprise Financial Inc. grew its stake in shares of ConocoPhillips by 20.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,994,674 shares of the energy producer's stock valued at $1,228,886,000 after buying an additional 2,216,010 shares during the period. Alyeska Investment Group L.P. acquired a new stake in shares of ConocoPhillips in the 3rd quarter valued at about $135,265,000. Finally, SG Americas Securities LLC grew its stake in shares of ConocoPhillips by 505.9% in the 4th quarter. SG Americas Securities LLC now owns 589,980 shares of the energy producer's stock valued at $55,228,000 after buying an additional 735,319 shares during the period. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at ConocoPhillips

In other news, SVP Andrew D. Lundquist sold 34,500 shares of the business'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 value of $4,128,960.00. Following the transaction, the senior vice president owned 17,469 shares in the company, valued at $2,090,689.92. The trade was a 66.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ryan Michael Lance sold 506,800 shares of the business'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 in the company, valued at $869,822.10. The trade was a 98.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 734,891 shares of company stock worth $93,345,692. 0.09% of the stock is owned by insiders.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Q1 earnings beat — ConocoPhillips reported adjusted Q1 profits above estimates, which underpins the company's near‑term cash flow strength and supports dividend/capital return expectations. ConocoPhillips Beats Profit Estimates for Q1
• Positive Sentiment: Sahtu fracking approval — Canadian regulators cleared an expansion of fracking activity in the Sahtu region, giving COP a permit to grow production optionality in a North American basin. This is a project‑level positive for future volumes and reserve development. ConocoPhillips gets OK to expand Sahtu fracking
• Positive Sentiment: Analyst upgrades & technical setup — Several outlets note upward revisions to analysts' earnings estimates and a bullish "hammer" technical pattern that investors cite as a buy‑the‑dip opportunity. That supports shorter‑term demand for the shares. Here's Why ConocoPhillips (COP) Is a Great 'Buy the Bottom' Stock Now
• Positive Sentiment: Sector momentum & coverage — Energy sector strength and coverage/mentions from commentators (including Cramer) have kept investor interest elevated, which can amplify moves in COP alongside peers. Sector Update: Energy Stocks Higher Monday Afternoon
• Neutral Sentiment: Dividend/diversified themes — Coverage highlighting energy dividend momentum references COP among large producers; helpful context but not a near‑term catalyst by itself. ConocoPhillips, TC Energy results highlight energy dividend momentum
• Neutral Sentiment: Geopolitical/asset optionality — Broader industry interest in re‑engaging with Venezuela is noted; this is a long‑horizon factor that could offer optional upside but carries political and execution risk. Suddenly U.S. Oil Giants Are Taking Another Look at ‘Uninvestable’ Venezuela
• Negative Sentiment: Valuation/price‑target caution — Some analysts and outlets argue COP is a "hold" after a large YTD run (and a ~46% rise in prior coverage), noting consensus price targets may lag the rally and limit near‑term upside. That tempering view is likely pressuring the stock today. Despite Soaring 46%, ConocoPhillips Is a Hold as Price Target Trails

Analysts Set New Price Targets

COP has been the subject of several research reports. Truist Financial set a $128.00 target price on ConocoPhillips in a research note on Friday. Capital One Financial raised their target price on ConocoPhillips from $116.00 to $156.00 and gave the company an "equal weight" rating in a research note on Thursday, March 26th. Sanford C. Bernstein raised their target price on ConocoPhillips from $98.00 to $121.00 and gave the company an "outperform" rating in a research note on Monday, April 13th. Roth Mkm downgraded 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 ConocoPhillips from $108.00 to $149.00 and gave the company an "overweight" rating in a research note on Tuesday, April 28th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $133.04.

ConocoPhillips Price Performance

COP stock opened at $123.32 on Wednesday. ConocoPhillips has a 52-week low of $84.28 and a 52-week high of $135.87. The business has a 50-day simple moving average of $122.43 and a two-hundred day simple moving average of $104.69. The company has a market capitalization of $150.24 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 1.76 and a beta of 0.14. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the previous year, the business earned $2.09 EPS. The company's revenue was down 6.1% compared to the same quarter last year. Research analysts expect that ConocoPhillips will post 9.47 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

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

About ConocoPhillips

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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