ConocoPhillips $COP Stock: Park Avenue Securities LLC Grows Position

Key Points

• Park Avenue Securities increased its ConocoPhillips stake by 17.2% in the third quarter to 71,699 shares valued at approximately $8.97 million. Institutional investors collectively own 82.36% of the company.
• Analyst sentiment remains favorable, with ConocoPhillips carrying a “Moderate Buy” consensus rating and an average price target of $145, although some targets imply limited upside from recent trading levels.
• ConocoPhillips reported quarterly earnings and revenue above estimates, with year-over-year revenue growth of 32.4%, and maintains a quarterly dividend of $0.84 per share, equal to a 2.3% yield.

Park Avenue Securities LLC increased its stake in ConocoPhillips (NYSE:COP - Free Report) by 17.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,699 shares of the energy producer's stock after acquiring an additional 10,527 shares during the period. Park Avenue Securities LLC's holdings in ConocoPhillips were worth $8,973,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of COP. State Street Corp grew its position in ConocoPhillips by 73.2% during the 2nd quarter. State Street Corp now owns 118,591,447 shares of the energy producer's stock worth $12,328,767,000 after acquiring an additional 50,116,727 shares during the last quarter. BlackRock Inc. increased its stake in ConocoPhillips by 3.0% in the 2nd 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 period. Wellington Management Group LLP increased its stake in ConocoPhillips by 12.0% in the 2nd quarter. Wellington Management Group LLP now owns 15,072,154 shares of the energy producer's stock worth $1,566,901,000 after purchasing an additional 1,609,759 shares during the period. Bank of America Corp DE bought a new stake in ConocoPhillips in the second quarter valued at approximately $1,260,482,000. Finally, Primecap Management Co. CA bought a new stake in ConocoPhillips in the second quarter valued at approximately $1,204,726,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on COP shares. The Goldman Sachs Group reissued a "buy" rating and set a $157.00 price objective on shares of ConocoPhillips in a research note on Tuesday, October 20th. Barclays decreased their target price on shares of ConocoPhillips from $155.00 to $150.00 and set an "overweight" rating on the stock in a research note on Monday, August 17th. Wall Street Zen upgraded shares of ConocoPhillips from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Wells Fargo & Company upped their price target on shares of ConocoPhillips from $183.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Finally, Piper Sandler assumed coverage on shares of ConocoPhillips in a research report on Tuesday. They set a "neutral" rating and a $157.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, ConocoPhillips currently has an average rating of "Moderate Buy" and an average price target of $145.00.

ConocoPhillips Price Performance

COP opened at $148.95 on Thursday. The stock has a fifty day simple moving average of $135.37 and a two-hundred day simple moving average of $120.50. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The company has a market cap of $178.94 billion, a price-to-earnings ratio of 19.70, a price-to-earnings-growth ratio of 1.47 and a beta of 0.24. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $152.77.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 EPS 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 business had revenue of $19.52 billion during the quarter, compared to analyst estimates of $18.79 billion. During the same quarter last year, the firm posted $1.42 earnings per share. The company's revenue for the quarter was up 32.4% on a year-over-year basis. Research analysts predict that ConocoPhillips will post 11.42 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, August 17th. ConocoPhillips's dividend payout ratio (DPR) is presently 44.44%.

Insider Activity

In related news, SVP Andrew Lundquist sold 9,487 shares of ConocoPhillips 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 completion of the transaction, the senior vice president directly owned 9,593 shares of the company's stock, valued at $1,296,493.95. This trade represents a 49.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by insiders.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Technical momentum improved: COP reclaimed its 50-day moving average, a signal that technical analysts view as supportive of a short-term bullish trend. ConocoPhillips Just Reclaimed the 50-Day Moving Average
• Positive Sentiment: Oil-sector tailwinds remain favorable: ConocoPhillips and other major producers have benefited from elevated crude prices, partly linked to geopolitical tensions. The company recently reached a fresh 52-week high, reinforcing the stock’s momentum. ConocoPhillips Reaches a Fresh 52-Week High
• Neutral Sentiment: Analyst view is cautious but not bearish: Piper Sandler initiated coverage with a “neutral” rating and a $157 price target, implying modest additional upside. The average target cited elsewhere is $145, below recent trading levels, suggesting valuation may already reflect much of the favorable outlook. Piper Sandler ConocoPhillips Rating
• Neutral Sentiment: Momentum has been strong but volatile: COP gained 2.93% over the prior week before declining during the latest completed session, indicating continued sensitivity to broader market and energy-price movements. ConocoPhillips Weekly Momentum
• Negative Sentiment: Canadian workforce reductions add execution and sentiment risk: ConocoPhillips plans another round of Canadian job cuts as it restructures regional operations and aligns staffing with project priorities. The move may reduce costs, but it also highlights portfolio pressures and potential employee-relations risks. ConocoPhillips Plans Job Cuts in Canada

ConocoPhillips 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.

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.