ConocoPhillips $COP Shares Newly Bought by Capital Advisors Wealth Management LLC

Key Points

• Capital Advisors Wealth Management purchased 8,669 ConocoPhillips shares worth approximately $1.085 million in the third quarter. Institutional investors collectively own 82.36% of the company.
• ConocoPhillips exceeded quarterly expectations, reporting $3.24 in earnings per share and $19.52 billion in revenue, up 32.4% year over year. The company also pays an annualized dividend of $3.36 per share, yielding about 2.5%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $143.29 versus the reported share price of $134.12.

Capital Advisors Wealth Management LLC purchased a new stake in ConocoPhillips (NYSE:COP - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,669 shares of the energy producer's stock, valued at approximately $1,085,000.

A number of other large investors have also recently made changes to their positions in the business. State Street Corp lifted its holdings in shares of ConocoPhillips by 73.2% in the second quarter. State Street Corp now owns 118,591,447 shares of the energy producer's stock valued at $12,328,767,000 after purchasing an additional 50,116,727 shares in the last quarter. BlackRock Inc. boosted its position in ConocoPhillips by 3.0% in the second quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer's stock worth $9,760,436,000 after purchasing an additional 2,712,703 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of ConocoPhillips by 12.0% in the second quarter. Wellington Management Group LLP now owns 15,072,154 shares of the energy producer's stock valued at $1,566,901,000 after buying an additional 1,609,759 shares during the period. Dimensional Fund Advisors LP raised its stake in ConocoPhillips by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,044,489 shares of the energy producer's stock valued at $1,457,978,000 after acquiring an additional 74,261 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of ConocoPhillips by 10.8% in the first quarter. Bank of New York Mellon Corp now owns 10,181,950 shares of the energy producer's stock valued at $1,344,017,000 after purchasing an additional 995,392 shares during the period. 82.36% of the stock is owned by institutional investors.

Insider Activity at ConocoPhillips

In related news, SVP Andrew Lundquist sold 9,487 shares of ConocoPhillips stock in a transaction dated 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 approximately $1,296,493.95. This trade represents a 49.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company's stock.

ConocoPhillips Stock Down 0.1%

NYSE:COP opened at $134.12 on Friday. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $141.62. The company has a market capitalization of $161.12 billion, a PE ratio of 17.74, a P/E/G ratio of 1.38 and a beta of 0.24. The firm's 50-day moving average price is $129.66 and its 200-day moving average price is $122.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%. The firm had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. During the same period last year, the company earned $1.42 earnings per share. The company's revenue was up 32.4% on a year-over-year basis. On average, equities analysts predict that ConocoPhillips will post 10.84 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were given a $0.84 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.36 annualized dividend and a yield of 2.5%. ConocoPhillips's dividend payout ratio is 44.44%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Mizuho cut their price objective on shares of ConocoPhillips from $150.00 to $146.00 and set an "outperform" rating for the company in a research report on Tuesday, July 7th. Truist Financial upped their price objective on shares of ConocoPhillips from $130.00 to $136.00 and gave the stock a "hold" rating in a research report on Wednesday. Royal Bank Of Canada set a $130.00 target price on shares of ConocoPhillips in a research note on Monday, June 22nd. Stifel Nicolaus initiated coverage on shares of ConocoPhillips in a research report on Thursday, September 10th. They set a "hold" rating and a $148.00 target price for the company. Finally, The Goldman Sachs Group cut their price target on shares of ConocoPhillips from $144.00 to $138.00 and set a "buy" rating for the company in a research note on Tuesday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, ConocoPhillips has a consensus rating of "Moderate Buy" and an average price target of $143.29.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices and supply concerns: Crude prices rose after a tanker attack disrupted traffic through the Strait of Hormuz, while hurricane-related shutdowns reduced Gulf of Mexico production. A larger-than-expected decline in U.S. inventories further tightened the market, improving the earnings and cash-flow outlook for upstream producers such as COP. ConocoPhillips gains as oil prices jump on supply fears
• Positive Sentiment: Potential $7 billion asset transaction: ConocoPhillips is evaluating an unsolicited offer for certain assets. Although the company has not committed to a sale, a transaction of that size could unlock value, strengthen the balance sheet, or fund shareholder returns if completed. With Oil Over $100 and a $7 Billion Offer on the Table
• Positive Sentiment: Constructive earnings expectations: Zacks upgraded COP from “hold” to “strong-buy,” citing its history of earnings surprises and favorable conditions for another beat. The company’s latest report exceeded consensus EPS and revenue estimates, reaffirmed full-year guidance, and highlighted strong operating cash flow and increased share repurchases. Will ConocoPhillips Beat Estimates Again?
• Positive Sentiment: Firm demand outlook: Coverage points to resilient crude and LNG demand, while several analysts maintain favorable ratings and price targets above the recent trading level. ConocoPhillips Stays in Focus as Crude and LNG Demand Firm
• Neutral Sentiment: Mixed institutional positioning: Some major institutions increased their COP holdings, but others reduced exposure, suggesting broad investor interest without a uniform conviction signal.
• Negative Sentiment: Insider selling: Three insiders sold shares during the past six months and no open-market purchases were reported. The sales may modestly temper sentiment, although they do not necessarily indicate a change in the company’s fundamentals.

ConocoPhillips 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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