True North Advisors LLC Sells 12,061 Shares of ConocoPhillips $COP

Key Points

• True North Advisors cut its stake in ConocoPhillips by 76% in Q4, selling 12,061 shares and retaining 3,810 shares worth about $357,000.
• Significant insider selling has occurred recently: EVP Nicholas Olds sold 14,522 shares and SVP Andrew Lundquist sold 34,500 shares, with insiders totaling 734,891 shares sold (≈$93.35M) over the last three months.
• Analysts remain broadly positive—ConocoPhillips has a consensus rating of "Moderate Buy" with a $127.08 target as several firms raised price objectives—however the company recently missed quarterly EPS and revenue estimates and pays an annualized dividend of $3.36 (≈2.7% yield).

True North Advisors LLC cut its stake in ConocoPhillips (NYSE:COP - Free Report) by 76.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,810 shares of the energy producer's stock after selling 12,061 shares during the quarter. True North Advisors LLC's holdings in ConocoPhillips were worth $357,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in COP. Cloud Capital Management LLC purchased a new position in shares of ConocoPhillips in the third quarter valued at $26,000. KERR FINANCIAL PLANNING Corp purchased a new position in ConocoPhillips during the third quarter worth about $28,000. Board of the Pension Protection Fund purchased a new position in ConocoPhillips during the fourth quarter worth about $28,000. Strive Asset Management LLC purchased a new position in ConocoPhillips during the third quarter worth about $28,000. Finally, Cedar Mountain Advisors LLC grew its position in ConocoPhillips by 58.0% during the third quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer's stock worth $30,000 after buying an additional 116 shares in the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at ConocoPhillips

In other news, EVP Nicholas G. Olds sold 14,522 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $119.36, for a total value of $1,733,345.92. Following the completion of the transaction, the executive vice president owned 12,389 shares of the company's stock, valued at approximately $1,478,751.04. This represents a 53.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Andrew D. Lundquist sold 34,500 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $4,128,960.00. Following the completion of the transaction, the senior vice president directly owned 17,469 shares of the company's stock, valued at $2,090,689.92. This represents a 66.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 734,891 shares of company stock worth $93,345,692 over the last three months. 0.24% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Truist Financial assumed coverage on ConocoPhillips in a research report on Tuesday, March 24th. They set a "hold" rating and a $124.00 target price for the company. Royal Bank Of Canada upped their price objective on ConocoPhillips from $118.00 to $152.00 and gave the stock an "outperform" rating in a report on Wednesday. Barclays upped their price objective on ConocoPhillips from $118.00 to $128.00 and gave the stock an "overweight" rating in a report on Monday, March 16th. Weiss Ratings reiterated a "hold (c-)" rating on shares of ConocoPhillips in a report on Monday, December 29th. Finally, Citigroup upped their price objective on ConocoPhillips from $135.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, ConocoPhillips presently has an average rating of "Moderate Buy" and a consensus target price of $127.08.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Expanding LNG footprint — COP is advancing major LNG-linked projects (Qatar and Port Arthur) and securing long‑term offtake contracts, positioning the company to benefit from structurally higher global LNG demand and cleaner‑fuel trends. Is ConocoPhillips Positioned to Capitalize on Rising LNG Demand?
• Positive Sentiment: Analyst bullishness and momentum thesis — BMO and Zacks-style coverage highlight COP as a top momentum / long‑term idea, citing strong cash flows, buyback/dividend capacity and favorable portfolio mix. These narratives support upside sentiment among institutional investors. BMO Capital Markets Forecasts Strong Price Appreciation for ConocoPhillips Why ConocoPhillips (COP) is a Top Momentum Stock for the Long-Term
• Neutral Sentiment: Exploratory work in Venezuela — COP has sent an evaluation team to Venezuela to assess oil & gas opportunities. This could open reserves exposure but carries execution and geopolitical/regulatory uncertainty that makes near‑term impact unclear. ConocoPhillips visits Venezuela to evaluate oil opportunities
• Neutral Sentiment: Macro/sector tone — broader energy ETFs and stocks were leaning lower in premarket action, which can pressure COP despite company‑specific catalysts. Sector Update: Energy Stocks Lean Lower Premarket Friday
• Negative Sentiment: Near‑term earnings concern — coverage ahead of the next report flags an expected double‑digit profit decline for the quarter and some analysts highlight recent quarterly misses and revenue softness, creating downside risk to sentiment if results disappoint. ConocoPhillips goes to Venezuela to evaluate oil opportunities Here's What to Expect From ConocoPhillips's Next Earnings Report
• Negative Sentiment: Recent price volatility and profit‑taking — after strong 1‑year gains, some investors appear to be trimming positions amid short‑term market weakness and mixed headlines, contributing to share‑price pressure. Is It Too Late To Consider ConocoPhillips (COP) After 41.5% One-Year Gain?

ConocoPhillips Trading Down 0.8%

COP opened at $122.42 on Friday. The business has a 50 day simple moving average of $118.47 and a two-hundred day simple moving average of $101.56. The firm has a market capitalization of $149.22 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.36 and a beta of 0.19. 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 has a one year low of $82.46 and a one year high of $135.87.

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

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a yield of 2.7%. ConocoPhillips's dividend payout ratio is presently 53.00%.

ConocoPhillips Company 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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