ConocoPhillips $COP Shares Sold by State of Alaska Department of Revenue

Key Points

• State of Alaska Department of Revenue trimmed its stake in ConocoPhillips by 33.9% in Q4, selling 81,413 shares and leaving 158,980 shares valued at about $14.88 million.
• Significant insider selling occurred recently: CEO Ryan Michael Lance sold 506,800 shares for roughly $64.5 million, and insiders sold a total of 734,891 shares worth about $93.35 million in the last quarter.
• ConocoPhillips missed quarterly estimates (EPS $1.02 vs. $1.23 expected; revenue $13.86B vs. $14.35B, down 3.7% YoY), yet analysts maintain a consensus "Moderate Buy" with an average target of $127.08 and several recent price‑target upgrades.

State of Alaska Department of Revenue trimmed its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 33.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 158,980 shares of the energy producer's stock after selling 81,413 shares during the quarter. State of Alaska Department of Revenue's holdings in ConocoPhillips were worth $14,882,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in COP. Cloud Capital Management LLC acquired a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $28,000. Board of the Pension Protection Fund acquired a new position in shares of ConocoPhillips during the 4th quarter worth approximately $28,000. Strive Asset Management LLC acquired a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $28,000. Finally, Cedar Mountain Advisors LLC raised its stake in shares of ConocoPhillips by 58.0% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer's stock worth $30,000 after buying an additional 116 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

NYSE COP opened at $122.42 on Monday. The stock has a market cap of $149.22 billion, a PE ratio of 19.31, a P/E/G ratio of 2.37 and a beta of 0.19. The company has a current ratio of 1.30, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35. ConocoPhillips has a twelve month low of $82.46 and a twelve month high of $135.87. The stock has a fifty day simple moving average of $118.47 and a 200-day simple moving average of $101.66.

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

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 18th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 annualized dividend and a yield of 2.7%. ConocoPhillips's dividend payout ratio is presently 53.00%.

Wall Street Analyst Weigh In

Several analysts recently commented on COP shares. Morgan Stanley boosted their price target on ConocoPhillips from $108.00 to $149.00 and gave the stock an "overweight" rating in a research report on Friday, March 27th. Zacks Research upgraded ConocoPhillips from a "strong sell" rating to a "hold" rating in a research report on Monday, March 30th. Wall Street Zen upgraded ConocoPhillips from a "sell" rating to a "hold" rating in a research report on Saturday, March 7th. Susquehanna boosted their price target on ConocoPhillips from $115.00 to $121.00 and gave the stock a "positive" rating in a research report on Friday, February 6th. Finally, Barclays boosted their price target on ConocoPhillips from $118.00 to $128.00 and gave the stock an "overweight" rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, ConocoPhillips currently has a consensus rating of "Moderate Buy" and an average target price of $127.08.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Expanding LNG footprint — COP is advancing major LNG-linked projects (Qatar and Port Arthur) and securing long‑term offtake contracts, positioning the company to benefit from structurally higher global LNG demand and cleaner‑fuel trends. Is ConocoPhillips Positioned to Capitalize on Rising LNG Demand?
• Positive Sentiment: Analyst bullishness and momentum thesis — BMO and Zacks-style coverage highlight COP as a top momentum / long‑term idea, citing strong cash flows, buyback/dividend capacity and favorable portfolio mix. These narratives support upside sentiment among institutional investors. BMO Capital Markets Forecasts Strong Price Appreciation for ConocoPhillips Why ConocoPhillips (COP) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Exploratory work in Venezuela — COP has sent an evaluation team to Venezuela to assess oil & gas opportunities. This could open reserves exposure but carries execution and geopolitical/regulatory uncertainty that makes near‑term impact unclear. ConocoPhillips visits Venezuela to evaluate oil opportunities
• Neutral Sentiment: Macro/sector tone — broader energy ETFs and stocks were leaning lower in premarket action, which can pressure COP despite company‑specific catalysts. Sector Update: Energy Stocks Lean Lower Premarket Friday
• Negative Sentiment: Near‑term earnings concern — coverage ahead of the next report flags an expected double‑digit profit decline for the quarter and some analysts highlight recent quarterly misses and revenue softness, creating downside risk to sentiment if results disappoint. ConocoPhillips goes to Venezuela to evaluate oil opportunities Here's What to Expect From ConocoPhillips's Next Earnings Report
• Negative Sentiment: Recent price volatility and profit‑taking — after strong 1‑year gains, some investors appear to be trimming positions amid short‑term market weakness and mixed headlines, contributing to share‑price pressure. Is It Too Late To Consider ConocoPhillips (COP) After 41.5% One-Year Gain?

Insider Activity

In related news, CEO Ryan Michael Lance sold 506,800 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $127.26, for a total transaction of $64,495,368.00. Following the transaction, the chief executive officer owned 6,835 shares of the company's stock, valued at approximately $869,822.10. This represents a 98.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew D. Lundquist sold 34,500 shares of the stock in a transaction dated 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 directly owned 17,469 shares in the company, valued at approximately $2,090,689.92. The trade was a 66.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 734,891 shares of company stock worth $93,345,692 in the last quarter. Insiders own 0.09% of the company's stock.

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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