ConocoPhillips $COP Stock: Greenup Street Wealth Management LLC Grows Position

Key Points

• Institutional ownership increased: Greenup Street Wealth Management expanded its ConocoPhillips position by 154.7% in the third quarter to 22,902 shares valued at approximately $2.87 million. Other institutions also added shares, with institutional investors collectively owning 82.36% of COP.
• Analyst sentiment remains positive: Several brokerages raised their price targets, contributing to a consensus “Moderate Buy” rating and an average target price of $145.
• Strong performance but potential risks: COP shares opened at $154.10, near their 52-week high, after the company beat quarterly earnings and revenue estimates. The stock offers a $0.84 quarterly dividend, though technical analysts caution it may be overbought and vulnerable to a pullback.

Greenup Street Wealth Management LLC grew its position in ConocoPhillips (NYSE:COP - Free Report) by 154.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,902 shares of the energy producer's stock after purchasing an additional 13,909 shares during the period. Greenup Street Wealth Management LLC's holdings in ConocoPhillips were worth $2,866,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of COP. State of Wyoming raised its stake in shares of ConocoPhillips by 600.7% in the 3rd quarter. State of Wyoming now owns 3,854 shares of the energy producer's stock valued at $482,000 after acquiring an additional 3,304 shares during the period. CFC Planning Co LLC lifted its holdings in shares of ConocoPhillips by 5.7% during the 3rd quarter. CFC Planning Co LLC now owns 35,432 shares of the energy producer's stock valued at $4,434,000 after acquiring an additional 1,915 shares in the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of ConocoPhillips by 4.1% during the 3rd quarter. Raleigh Capital Management Inc. now owns 5,824 shares of the energy producer's stock valued at $729,000 after acquiring an additional 230 shares in the last quarter. International Assets Investment Management LLC boosted its position in ConocoPhillips by 219.9% during the 3rd quarter. International Assets Investment Management LLC now owns 34,488 shares of the energy producer's stock worth $4,316,000 after purchasing an additional 23,708 shares during the period. Finally, Prosperitas Financial LLC boosted its position in ConocoPhillips by 4.1% during the 3rd quarter. Prosperitas Financial LLC now owns 2,300 shares of the energy producer's stock worth $288,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on COP. Weiss Ratings upgraded ConocoPhillips from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, September 29th. Susquehanna boosted their price objective on ConocoPhillips from $161.00 to $175.00 and gave the stock a "positive" rating in a research note on Tuesday, October 20th. Wells Fargo & Company upped their target price on ConocoPhillips from $183.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Wall Street Zen upgraded ConocoPhillips from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Truist Financial raised their target price on ConocoPhillips from $130.00 to $136.00 and gave the company a "hold" rating in a report on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $145.00.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices—Brent crude was reported near $104 per barrel—are improving the earnings outlook for ConocoPhillips and other exploration and production companies. Analysts also see favorable indicators for a potential third-quarter earnings beat. ConocoPhillips to Report Q3 Earnings: What’s in the Cards?
• Positive Sentiment: ConocoPhillips is being highlighted as a relatively low-beta energy stock that may appeal to investors seeking resilience during market volatility. Its upstream portfolio, growth prospects and investment program are supporting the constructive view. Stay Ahead of Market Uncertainty With BP, XOM, COP and E
• Neutral Sentiment: Several valuation-focused reports describe COP as a strong value stock and emphasize its powerful multiyear performance, while noting that investors must determine whether current earnings can justify the elevated share price. ConocoPhillips Stock Stays Hard To Call On Strong Q2 Earnings
• Neutral Sentiment: Piper Sandler initiated coverage on ConocoPhillips, potentially increasing analyst attention, although the available report does not provide a rating or price target. Piper Sandler Initiates Coverage on ConocoPhillips
• Negative Sentiment: Technical analysts warn that COP may be overbought after its strong gains, with a relative-strength reading above 70. That raises the risk of profit-taking or a pullback if oil prices or earnings disappoint. Top 3 Energy Stocks You May Want To Dump In Q4
• Negative Sentiment: Reported job cuts in Alberta add a near-term reputational and operational concern, while comparisons with Chevron and EOG Resources highlight uncertainty over how well ConocoPhillips’ dividend would hold up during a major oil-price downturn. ConocoPhillips Cuts Alberta Jobs

ConocoPhillips Stock Up 2.7%

Shares of ConocoPhillips stock opened at $154.10 on Friday. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $154.28. The company has a market capitalization of $185.13 billion, a PE ratio of 20.38, a P/E/G ratio of 1.46 and a beta of 0.24. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. The business has a 50-day moving average of $136.14 and a 200-day moving average of $121.05.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping the consensus estimate of $2.90 by $0.34. The business had revenue of $19.52 billion for the quarter, compared to analysts' expectations of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%. The company's revenue was up 32.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.42 earnings per share. As a group, equities analysts forecast that ConocoPhillips will post 11.42 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Monday, August 17th. ConocoPhillips's dividend payout ratio is presently 44.44%.

Insider Activity

In other news, SVP Andrew Lundquist sold 9,487 shares of the stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the completion of the transaction, the senior vice president directly owned 9,593 shares in the company, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.

ConocoPhillips Company Profile

ConocoPhillips NYSE: COP is an independent exploration and production company engaged in finding, developing and producing oil, natural gas and natural gas liquids. Unlike integrated energy companies, it primarily focuses on upstream activities rather than operating large refining or retail fuel businesses.

The company's portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.

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