Fifth Third Bancorp Cuts Stake in ConocoPhillips $COP

Key Points

• Fifth Third Bancorp trimmed its stake in ConocoPhillips by 6.7%, selling 24,990 shares to hold 349,409 shares valued at about $32.71 million per its latest 13F filing.
• CEO Ryan Lance sold 113,221 shares (~$15.0M) on March 31, and company insiders have sold a total of 734,891 shares worth $93.35M over the last three months, leaving insiders with just 0.09% ownership.
• ConocoPhillips beat Q1 EPS estimates ($1.89 vs. $1.68) but reported revenue down ~6.1% and trimmed production guidance (excluding Qatar); the firm also declared a $0.84 quarterly dividend (2.7% yield) and carries a consensus analyst rating of Moderate Buy with an average price target of $132.92.

Fifth Third Bancorp reduced its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 349,409 shares of the energy producer's stock after selling 24,990 shares during the period. Fifth Third Bancorp's holdings in ConocoPhillips were worth $32,708,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of ConocoPhillips during the 3rd quarter worth about $26,000. Strive Asset Management LLC purchased a new position in shares of ConocoPhillips during the 3rd quarter worth about $28,000. Board of the Pension Protection Fund purchased a new position in shares of ConocoPhillips during the 4th quarter worth about $28,000. Cedar Mountain Advisors LLC lifted its holdings 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 acquiring an additional 116 shares during the period. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of ConocoPhillips during the 3rd quarter worth about $28,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other ConocoPhillips news, CEO Ryan Michael Lance sold 113,221 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $132.71, for a total value of $15,025,558.91. Following the completion of the sale, the chief executive officer owned 350,000 shares of the company's stock, valued at $46,448,500. This trade represents a 24.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the completion of the sale, the senior vice president directly owned 25,284 shares of the company's stock, valued at $3,287,678.52. This trade represents a 23.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 734,891 shares of company stock valued at $93,345,692 over the last three months. Company insiders own 0.09% of the company's stock.

ConocoPhillips Stock Down 2.1%

Shares of ConocoPhillips stock opened at $123.19 on Friday. The company has a fifty day moving average price of $122.17 and a 200 day moving average price of $104.22. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. ConocoPhillips has a twelve month low of $84.28 and a twelve month high of $135.87. The stock has a market cap of $150.15 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.78 and a beta of 0.14.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.21. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter last year, the company earned $2.09 earnings per share. ConocoPhillips's revenue for the quarter was down 6.1% on a year-over-year basis. Equities research analysts forecast that ConocoPhillips will post 9.46 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be given a $0.84 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 2.7%. ConocoPhillips's dividend payout ratio (DPR) is 53.00%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. The Goldman Sachs Group increased their target price on shares of ConocoPhillips from $115.00 to $120.00 and gave the stock a "buy" rating in a research report on Friday, February 6th. Wolfe Research increased their target price on shares of ConocoPhillips from $138.00 to $144.00 and gave the stock an "outperform" rating in a research report on Monday, April 6th. Raymond James Financial increased their target price on shares of ConocoPhillips from $118.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, April 27th. Citigroup increased their target price on shares of ConocoPhillips from $135.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, April 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of ConocoPhillips from $98.00 to $103.00 and gave the stock a "neutral" rating in a research report on Friday, February 6th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $132.92.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Q1 results beat estimates on EPS and showed disciplined cost control and strong cash generation, supporting near‑term profitability. ConocoPhillips Q1 EPS beats estimates; shares fall on Qatar output cut
• Positive Sentiment: Higher crude prices from Mideast tensions are boosting margins and expected free cash flow, increasing capacity for buybacks/dividends. Higher Oil Prices Are Boosting This Oil Stock's Profits. Here's How It's Using That Windfall.
• Positive Sentiment: Management outlined a $12.0–$12.5B 2026 capex range and reiterated multiyear free‑cash‑flow targets (on track for ~$7B FCF inflection by 2029), which supports long‑term shareholder returns. ConocoPhillips outlines $12B-$12.5B 2026 capex range...
• Neutral Sentiment: Zacks upgraded COP to strong‑buy and broader analyst commentary may influence flows, but upgrades are offset by the company’s trimmed production view. Is It Worth Investing in ConocoPhillips (COP) Based on Wall Street's Bullish Views?
• Negative Sentiment: Management excluded Qatar from Q2 guidance and trimmed full‑year production targets amid the Middle East conflict, a direct hit to near‑term volume expectations. ConocoPhillips Q1 2026 earnings fall 21% to $2.2bn
• Negative Sentiment: YoY production and revenues declined (revenue down ~6%), and management warned of wider supply disruption risks — factors pressuring the stock despite the beat. ConocoPhillips posts lower first-quarter profit
• Negative Sentiment: Geopolitical escalation (Iran/Stait of Hormuz concerns) has pushed oil higher but raises operational and guidance uncertainty; market reaction shows shares falling on the guidance cut despite higher commodity prices. Oil Set for Weekly Gain as Trump Says Iran Blockade Will Persist

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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