Fulton Bank N.A. Has $2.89 Million Stock Position in ConocoPhillips $COP

Key Points

• Fulton Bank N.A. cut its stake in ConocoPhillips by 22.1% in Q4, selling 8,756 shares and leaving it with 30,895 shares valued at about $2.89 million.
• Significant insider selling: Director Timothy Leach sold 40,000 shares for roughly $4.75 million and an SVP sold 8,500 shares, with insiders offloading about 100,176 shares (~$11.93 million) over the past 90 days.
• Earnings and market view: ConocoPhillips missed Q earnings ($1.02 vs. $1.23) and revenue fell 3.7% year‑over‑year; the stock trades near its 52‑week high, yields 2.7%, and carries a consensus "Moderate Buy" rating with an average price target of $120.38.

Fulton Bank N.A. reduced its holdings in ConocoPhillips (NYSE:COP - Free Report) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,895 shares of the energy producer's stock after selling 8,756 shares during the period. Fulton Bank N.A.'s holdings in ConocoPhillips were worth $2,892,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Greenfield Savings Bank grew its stake in shares of ConocoPhillips by 1.2% in the third quarter. Greenfield Savings Bank now owns 9,018 shares of the energy producer's stock worth $853,000 after acquiring an additional 108 shares during the last quarter. FAS Wealth Partners Inc. raised its stake in ConocoPhillips by 0.9% during the 2nd quarter. FAS Wealth Partners Inc. now owns 12,154 shares of the energy producer's stock valued at $1,091,000 after purchasing an additional 112 shares during the last quarter. Strategic Blueprint LLC boosted its holdings in ConocoPhillips by 1.4% in the 3rd quarter. Strategic Blueprint LLC now owns 7,917 shares of the energy producer's stock valued at $749,000 after purchasing an additional 112 shares during the period. Strathmore Capital Advisors Inc. boosted its holdings in ConocoPhillips by 3.5% in the 3rd quarter. Strathmore Capital Advisors Inc. now owns 3,441 shares of the energy producer's stock valued at $325,000 after purchasing an additional 116 shares during the period. Finally, Cedar Mountain Advisors LLC grew its position in ConocoPhillips by 58.0% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer's stock worth $30,000 after purchasing an additional 116 shares during the last quarter. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Stock Performance

ConocoPhillips stock opened at $126.78 on Monday. The firm has a market capitalization of $156.66 billion, a P/E ratio of 20.00, a P/E/G ratio of 3.49 and a beta of 0.27. The stock has a fifty day moving average price of $109.30 and a two-hundred day moving average price of $97.85. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $128.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.30 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.23 by ($0.21). ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The company had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.35 billion. During the same period in the previous year, the business posted $1.98 earnings per share. The firm's revenue was down 3.7% compared to the same quarter last year. As a group, analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 18th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, February 18th. ConocoPhillips's dividend payout ratio (DPR) is currently 53.00%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on COP shares. Raymond James Financial boosted their price objective on shares of ConocoPhillips from $113.00 to $118.00 and gave the stock an "outperform" rating in a report on Wednesday, February 11th. Capital One Financial lifted their target price on ConocoPhillips from $111.00 to $116.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 20th. Bank of America restated an "underperform" rating and set a $102.00 price target on shares of ConocoPhillips in a research note on Friday, January 16th. Johnson Rice cut ConocoPhillips from an "accumulate" rating to a "hold" rating and cut their price target for the company from $108.00 to $105.00 in a report on Friday, December 5th. Finally, Argus raised their price objective on ConocoPhillips from $111.00 to $128.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, ConocoPhillips has a consensus rating of "Moderate Buy" and an average price target of $120.38.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips was a bidder in a record Alaska National Petroleum Reserve lease sale that drew roughly $163 million in high bids, signaling renewed upstream access and long‑term resource optionality for COP in the Arctic. Record Arctic Alaska auction lures ExxonMobil, Shell, Repsol and ConocoPhillips
• Positive Sentiment: Geopolitical flare-ups (missile attacks affecting LNG facilities) have pushed crude and energy prices higher, which should boost ConocoPhillips’ revenue and cash flow in the near term given its oil exposure. Oil Prices Surge After Attacks on Energy Assets in Qatar; Energy Stocks Higher in Premarket Trading
• Positive Sentiment: Mizuho raised its price target on COP to $136, reflecting bullish analyst sentiment that can support investor confidence and buying interest. Mizuho Raises ConocoPhillips NYSE: COP Price Target to $136.00
• Neutral Sentiment: ConocoPhillips scheduled its first‑quarter earnings conference call for April 30; investors will watch the call for updated production, capex guidance and margin commentary that could move the stock. ConocoPhillips to hold first-quarter earnings conference call on Thursday, April 30
• Neutral Sentiment: Analysts and press note U.S. oil producers could see a near‑term windfall from higher crude (an estimate cited ~$63B), but they also warn prolonged geopolitical conflict could harm demand and operations—an ambiguous signal for investors. U.S. oil producers could get $63 billion boost from high crude prices
• Negative Sentiment: An executive stock sale: a ConocoPhillips SVP sold about $4.13 million of COP shares, which investors sometimes view as a near‑term negative signal on insider sentiment even if sales are for diversification or other reasons. ConocoPhillips NYSE: COP SVP Sells $4,128,960.00 in Stock

Insider Transactions at ConocoPhillips

In other news, Director Timothy A. Leach sold 40,000 shares of ConocoPhillips stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $118.79, for a total value of $4,751,600.00. Following the completion of the transaction, the director owned 411,211 shares in the company, valued at approximately $48,847,754.69. The trade was a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Kelly Brunetti Rose sold 8,500 shares of the business's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $118.04, for a total value of $1,003,340.00. Following the completion of the transaction, the senior vice president directly owned 32,984 shares in the company, valued at $3,893,431.36. The trade was a 20.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 100,176 shares of company stock valued at $11,934,877. 0.24% of the stock is owned by company insiders.

About ConocoPhillips

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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