ConocoPhillips $COP Shares Acquired by ProVise Management Group LLC

Key Points

• ProVise Management Group raised its stake in ConocoPhillips by 14.1% to 124,220 shares (about $11.75M), while several large institutions including Charles Schwab, Fisher, Ameriprise and Primecap also added sizable positions — institutional investors now own roughly 82.36% of the stock.
• Analyst views are mixed but skew positive with a MarketBeat consensus of "Moderate Buy" and a $117.54 price target; several firms have raised targets (e.g., UBS $144, BMO $135, Goldman $120) even as others (Bank of America, Zacks) remain bearish.
• ConocoPhillips missed quarterly estimates (EPS $1.02 vs. $1.23, revenue down 3.7% YoY), pays a $0.84 quarterly dividend (≈2.9% yield), and saw a large insider sale by CEO Ryan Lance (500,708 shares), reducing insider ownership to about 0.24%.

ProVise Management Group LLC raised its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 14.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,220 shares of the energy producer's stock after buying an additional 15,361 shares during the period. ProVise Management Group LLC's holdings in ConocoPhillips were worth $11,750,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of ConocoPhillips by 0.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 40,382,724 shares of the energy producer's stock worth $3,623,946,000 after acquiring an additional 287,970 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of ConocoPhillips by 1.8% in the third quarter. Fisher Asset Management LLC now owns 14,653,966 shares of the energy producer's stock valued at $1,386,119,000 after acquiring an additional 260,091 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of ConocoPhillips by 31.4% during the second quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer's stock valued at $966,267,000 after acquiring an additional 2,575,803 shares during the period. Primecap Management Co. CA increased its stake in shares of ConocoPhillips by 31.3% during the third quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer's stock valued at $979,102,000 after acquiring an additional 2,467,555 shares during the period. Finally, Boston Partners raised its holdings in ConocoPhillips by 4.0% during the second quarter. Boston Partners now owns 6,424,232 shares of the energy producer's stock worth $577,471,000 after purchasing an additional 244,810 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on COP. Bank of America restated an "underperform" rating and issued a $102.00 target price on shares of ConocoPhillips in a research report on Friday, January 16th. Weiss Ratings reissued a "hold (c-)" rating on shares of ConocoPhillips in a research note on Monday, December 29th. Zacks Research lowered ConocoPhillips from a "hold" rating to a "strong sell" rating in a report on Friday, February 27th. The Goldman Sachs Group upped their price objective on ConocoPhillips from $115.00 to $120.00 and gave the company a "buy" rating in a report on Friday, February 6th. Finally, Mizuho raised their target price on ConocoPhillips from $120.00 to $121.00 and gave the company an "outperform" rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $117.54.

ConocoPhillips Stock Performance

Shares of COP stock opened at $117.25 on Monday. The company has a market capitalization of $144.89 billion, a price-to-earnings ratio of 18.49, a P/E/G ratio of 2.97 and a beta of 0.27. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $122.50. The company has a current ratio of 1.30, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35. The stock's fifty day simple moving average is $104.22 and its 200-day simple moving average is $96.18.

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

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were issued a $0.84 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. ConocoPhillips's dividend payout ratio is currently 53.00%.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: UBS raised its price target on COP to $144 with a Buy rating, giving the shares clear analyst support and a sizable upside thesis that likely helped the rally. UBS price target raise (Benzinga)
• Positive Sentiment: BMO Capital Markets reiterated/forecast strong price appreciation for COP, and a separate report notes a price‑target raise to $135 — multiple upgrades are boosting investor confidence and inflows. BMO forecast (American Banking News)
• Neutral Sentiment: Investors and outlets are reassessing COP’s valuation after the recent share gains; analysis pieces flag the stock’s strong momentum but question how much cash‑flow upside is already priced in — useful context for longer‑term holders. Assessing ConocoPhillips Valuation (Yahoo Finance)
• Neutral Sentiment: Sector commentary notes upside if oil revisits $100/bbl — that scenario would materially boost cash flow and dividends for major producers like COP, but it remains speculative while WTI trades around $80. If Oil Hits $100 (247WallSt)
• Negative Sentiment: Jim Cramer flagged an oil sell‑off as the start of a broader bull market while noting shares of large names including ConocoPhillips are sliding in that environment — short‑term sentiment swings in oil are creating volatility for COP. Jim Cramer: oil sell-off context (Benzinga)
• Negative Sentiment: Louisiana officials say a major coastal‑damage lawsuit with ConocoPhillips is close to settlement — a potential legal payout or remediation obligation is an overhang that could pressure sentiment until terms are disclosed. Louisiana lawsuit settlement near (NOLA)
• Negative Sentiment: MarketWatch notes COP underperformed peers on a recent session — relative weakness versus competitors can trigger short‑term fund flows away from the stock even as the broader sector rallies. COP underperformance vs peers (MarketWatch)

Insider Activity

In other news, CEO Ryan Michael Lance sold 500,708 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $92.50, for a total value of $46,315,490.00. Following the completion of the sale, the chief executive officer directly owned 325,972 shares of the company's stock, valued at $30,152,410. This represents a 60.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.24% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.