GC Wealth Management RIA LLC Reduces Position in ConocoPhillips $COP

Key Points

• GC Wealth Management RIA LLC cut its stake by 74.9%, selling 12,826 shares and leaving 4,292 shares of ConocoPhillips valued at about $402,000.
• ConocoPhillips beat Q1 EPS ($1.89 vs. $1.68) but revenue fell ~6% and management trimmed production guidance (excluding Qatar), and the company announced a quarterly dividend of $0.84 per share (2.7% yield).
• Insiders sold roughly 734,891 shares (~$93.3M) over the last 90 days while institutional ownership is 82.36%; analysts' consensus is a "Moderate Buy" with a $132.92 target price.

GC Wealth Management RIA LLC lessened its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 74.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,292 shares of the energy producer's stock after selling 12,826 shares during the period. GC Wealth Management RIA LLC's holdings in ConocoPhillips were worth $402,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of ConocoPhillips by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 120,251,183 shares of the energy producer's stock worth $11,256,713,000 after purchasing an additional 408,304 shares during the last quarter. Capital International Investors raised its stake in shares of ConocoPhillips by 18.2% in the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer's stock worth $4,318,239,000 after purchasing an additional 7,037,873 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of ConocoPhillips by 1.8% in the third quarter. Fisher Asset Management LLC now owns 14,653,966 shares of the energy producer's stock worth $1,386,119,000 after purchasing an additional 260,091 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of ConocoPhillips by 20.6% in the third quarter. Ameriprise Financial Inc. now owns 12,994,674 shares of the energy producer's stock worth $1,228,886,000 after purchasing an additional 2,216,010 shares during the last quarter. Finally, Primecap Management Co. CA raised its stake in shares of ConocoPhillips by 31.3% in the third quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer's stock worth $979,102,000 after purchasing an additional 2,467,555 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Stock Down 2.1%

ConocoPhillips stock opened at $123.19 on Friday. The firm 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 has a 52 week low of $84.28 and a 52 week high of $135.87. The business's 50-day moving average price is $122.17 and its 200 day moving average price is $104.22. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping the consensus estimate of $1.68 by $0.21. The firm had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.ConocoPhillips's revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period last year, the company earned $2.09 earnings per share. As a group, sell-side analysts anticipate that ConocoPhillips will post 9.46 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be 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 is Monday, May 11th. ConocoPhillips's dividend payout ratio (DPR) is 53.00%.

Insider Activity

In related news, SVP Andrew D. Lundquist sold 34,500 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $119.68, for a total transaction of $4,128,960.00. Following the sale, the senior vice president directly owned 17,469 shares of the company's stock, valued at $2,090,689.92. This trade represents a 66.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Heather G. Hrap sold 2,654 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $317,630.72. Following the sale, the senior vice president directly owned 5,663 shares in the company, valued at approximately $677,747.84. This trade represents a 31.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 734,891 shares of company stock valued at $93,345,692 over the last 90 days. Company insiders own 0.09% of the company's stock.

Trending Headlines about ConocoPhillips

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on COP shares. Wells Fargo & Company raised their price objective on ConocoPhillips from $132.00 to $133.00 and gave the stock an "overweight" rating in a research note on Friday, February 6th. Citigroup raised their price objective on ConocoPhillips from $135.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, April 2nd. Mizuho raised their price objective on ConocoPhillips from $121.00 to $136.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 17th. The Goldman Sachs Group raised their price objective on ConocoPhillips from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Finally, BMO Capital Markets raised their price objective on ConocoPhillips from $130.00 to $140.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 7th. 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 one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $132.92.

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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