ConocoPhillips $COP Stock Purchased by Bokf Na

Key Points

• Bokf Na increased its ConocoPhillips stake by 19% in the third quarter, purchasing 46,304 additional shares for a total holding valued at approximately $36.2 million. Institutional investors collectively own 82.36% of the stock.
• Wall Street maintains a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $145, although that target is below COP’s recent trading level near $149.
• ConocoPhillips reported stronger-than-expected quarterly results, including $3.24 in EPS and $19.52 billion in revenue, while paying a quarterly dividend of $0.84, equivalent to a 2.3% annual yield.

Bokf Na raised its stake in ConocoPhillips (NYSE:COP - Free Report) by 19.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 289,598 shares of the energy producer's stock after purchasing an additional 46,304 shares during the period. Bokf Na's holdings in ConocoPhillips were worth $36,243,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. DecisionPoint Financial LLC boosted its holdings in shares of ConocoPhillips by 14.1% during the third quarter. DecisionPoint Financial LLC now owns 1,908 shares of the energy producer's stock worth $242,000 after acquiring an additional 236 shares during the period. WPG Advisers LLC increased its stake in shares of ConocoPhillips by 11.5% during the third quarter. WPG Advisers LLC now owns 967 shares of the energy producer's stock worth $121,000 after purchasing an additional 100 shares during the period. North Dakota State Investment Board lifted its holdings in ConocoPhillips by 12.7% during the 3rd quarter. North Dakota State Investment Board now owns 41,462 shares of the energy producer's stock worth $5,189,000 after purchasing an additional 4,668 shares during the last quarter. SpringVest Wealth Management LLC lifted its holdings in ConocoPhillips by 12.5% during the 3rd quarter. SpringVest Wealth Management LLC now owns 2,749 shares of the energy producer's stock worth $344,000 after purchasing an additional 306 shares during the last quarter. Finally, Laurel Wealth Advisors LLC lifted its holdings in ConocoPhillips by 7.8% during the 3rd quarter. Laurel Wealth Advisors LLC now owns 10,966 shares of the energy producer's stock worth $1,372,000 after purchasing an additional 795 shares during the last quarter. 82.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COP. Susquehanna boosted their price target on ConocoPhillips from $161.00 to $175.00 and gave the company a "positive" rating in a research note on Tuesday, October 20th. Wells Fargo & Company increased their price objective on ConocoPhillips from $183.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Mizuho lowered their price objective on ConocoPhillips from $150.00 to $146.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 7th. UBS Group lifted their target price on ConocoPhillips from $153.00 to $169.00 and gave the stock a "buy" rating in a report on Monday, September 14th. Finally, Argus boosted their target price on shares of ConocoPhillips from $136.00 to $153.00 and gave the company a "buy" rating in a research report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $145.00.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the stock in a transaction that occurred on 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 sale, the senior vice president owned 9,593 shares of the company's stock, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

ConocoPhillips Trading Up 0.7%

COP opened at $148.95 on Thursday. The company has a 50-day simple moving average of $135.37 and a 200 day simple moving average of $120.50. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $152.77. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $178.94 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.47 and a beta of 0.24.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its 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 firm had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%. The business's quarterly revenue was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.42 earnings per share. Analysts predict that ConocoPhillips will post 11.42 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

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

ConocoPhillips News Roundup

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 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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