ConocoPhillips $COP Stock Holdings Boosted by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its ConocoPhillips stake by 219.9% in the third quarter, ending with 34,488 shares valued at approximately $4.3 million. Institutional investors collectively own 82.36% of COP.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $145; Jefferies, Susquehanna and Wells Fargo recently raised their targets.
• COP shares opened at $154.10 near their 52-week high, while the company reported quarterly earnings and revenue above expectations and declared a quarterly dividend of $0.84 per share, representing a 2.2% yield.

International Assets Investment Management LLC increased its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 219.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 34,488 shares of the energy producer's stock after purchasing an additional 23,708 shares during the quarter. International Assets Investment Management LLC's holdings in ConocoPhillips were worth $4,316,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of COP. Prosperitas Financial LLC raised its stake in shares of ConocoPhillips by 4.1% in the third quarter. Prosperitas Financial LLC now owns 2,300 shares of the energy producer's stock valued at $288,000 after acquiring an additional 91 shares during the period. Canopy Partners LLC boosted its stake in shares of ConocoPhillips by 37.1% during the 3rd quarter. Canopy Partners LLC now owns 9,503 shares of the energy producer's stock worth $1,189,000 after purchasing an additional 2,571 shares during the period. Outlook Wealth Advisors LLC boosted its stake in shares of ConocoPhillips by 6.0% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 7,268 shares of the energy producer's stock worth $910,000 after purchasing an additional 414 shares during the period. Soltis Investment Advisors LLC grew its holdings in ConocoPhillips by 56.4% during the 3rd quarter. Soltis Investment Advisors LLC now owns 29,885 shares of the energy producer's stock valued at $3,740,000 after purchasing an additional 10,779 shares during the last quarter. Finally, Founders Financial Securities LLC grew its holdings in ConocoPhillips by 1.4% during the 3rd quarter. Founders Financial Securities LLC now owns 16,030 shares of the energy producer's stock valued at $2,006,000 after purchasing an additional 218 shares during the last quarter. Institutional investors own 82.36% of the company's stock.

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

Analyst Upgrades and Downgrades

Several brokerages have issued reports on COP. Seaport Research Partners assumed coverage on shares of ConocoPhillips in a research note on Thursday, September 3rd. They issued a "neutral" rating for the company. Jefferies Financial Group boosted their target price on ConocoPhillips from $159.00 to $174.00 and gave the company a "buy" rating in a research report on Tuesday, October 6th. Susquehanna upped their target price on ConocoPhillips from $161.00 to $175.00 and gave the company a "positive" rating in a research note on Tuesday, October 20th. Stifel Nicolaus initiated coverage on ConocoPhillips in a report on Thursday, September 10th. They issued a "hold" rating and a $148.00 price target on the stock. Finally, Wells Fargo & Company raised their price target on ConocoPhillips from $183.00 to $189.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $145.00.

ConocoPhillips Stock Up 0.0%

Shares of ConocoPhillips stock opened at $154.10 on Monday. The firm's 50 day moving average price is $136.14 and its 200-day moving average price is $121.05. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $154.28. The company has a market cap of $185.13 billion, a P/E ratio of 20.38, a PEG ratio of 1.50 and a beta of 0.16.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $18.79 billion. During the same quarter last year, the firm earned $1.42 EPS. The business's quarterly revenue was up 32.4% on a year-over-year basis. On average, sell-side analysts predict that ConocoPhillips will post 11.41 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

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

Insider Buying and Selling at ConocoPhillips

In other news, SVP Andrew Lundquist sold 9,487 shares of the company's stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the transaction, the senior vice president owned 9,593 shares in the company, valued at $1,296,493.95. This represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.09% of the company's stock.

About ConocoPhillips

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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