Rep. Bruce Westerman Sells Shares of ConocoPhillips (NYSE:COP)

Representative Bruce Westerman (R-Arkansas) recently sold shares of ConocoPhillips NYSE: COP. In a filing disclosed on May 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in ConocoPhillips stock on April 21st. The trade occurred in the Representative's "FISHER IRA" account.

Representative Bruce Westerman also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of UniCredit OTCMKTS: UNCRY on 4/21/2025.
• Sold $1,001 - $15,000 in shares of CSX NASDAQ: CSX on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Siemens Aktiengesellschaft OTCMKTS: SIEGY on 4/21/2025.
• Sold $1,001 - $15,000 in shares of GSK NYSE: GSK on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 4/21/2025.
• Sold $1,001 - $15,000 in shares of The Goldman Sachs Group NYSE: GS on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Eli Lilly and Company NYSE: LLY on 4/21/2025.
• Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 4/21/2025.
• Sold $1,001 - $15,000 in shares of Chevron NYSE: CVX on 4/21/2025.

ConocoPhillips Price Performance

ConocoPhillips stock opened at $94.19 on Wednesday. The stock has a market capitalization of $119.07 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 0.79 and a beta of 0.64. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $122.17. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.14 and a current ratio of 1.29. The stock's 50 day moving average price is $93.25 and its two-hundred day moving average price is $99.24.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy producer reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.04. The business had revenue of $16.18 billion for the quarter, compared to analyst estimates of $15.74 billion. ConocoPhillips had a net margin of 16.23% and a return on equity of 17.26%. During the same period in the prior year, the firm earned $2.05 earnings per share. On average, equities analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 19th will be issued a $0.78 dividend. The ex-dividend date is Monday, May 19th. This represents a $3.12 dividend on an annualized basis and a yield of 3.31%. ConocoPhillips's payout ratio is currently 39.64%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on COP. Wells Fargo & Company reduced their target price on ConocoPhillips from $131.00 to $116.00 and set an "overweight" rating for the company in a research note on Tuesday, April 15th. Morgan Stanley boosted their price objective on ConocoPhillips from $116.00 to $118.00 and gave the company an "overweight" rating in a report on Friday, May 9th. TD Cowen initiated coverage on ConocoPhillips in a research report on Friday, January 17th. They set a "buy" rating and a $125.00 target price on the stock. Susquehanna reduced their price target on shares of ConocoPhillips from $120.00 to $114.00 and set a "positive" rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. lowered their price objective on shares of ConocoPhillips from $127.00 to $115.00 and set an "overweight" rating on the stock in a report on Thursday, March 13th. Three investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $122.89.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of COP. Wealth Enhancement Advisory Services LLC grew its stake in shares of ConocoPhillips by 1.1% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 168,719 shares of the energy producer's stock worth $17,763,000 after acquiring an additional 1,838 shares during the period. Harbor Capital Advisors Inc. increased its stake in shares of ConocoPhillips by 8.6% in the fourth quarter. Harbor Capital Advisors Inc. now owns 1,790 shares of the energy producer's stock worth $178,000 after purchasing an additional 142 shares in the last quarter. Czech National Bank raised its position in shares of ConocoPhillips by 18.6% in the fourth quarter. Czech National Bank now owns 280,469 shares of the energy producer's stock valued at $27,814,000 after purchasing an additional 43,910 shares during the period. Aprio Wealth Management LLC lifted its position in shares of ConocoPhillips by 5.8% during the fourth quarter. Aprio Wealth Management LLC now owns 2,249 shares of the energy producer's stock worth $223,000 after acquiring an additional 124 shares in the last quarter. Finally, Fiduciary Alliance LLC boosted its holdings in shares of ConocoPhillips by 13.6% in the fourth quarter. Fiduciary Alliance LLC now owns 186,535 shares of the energy producer's stock worth $18,499,000 after acquiring an additional 22,378 shares during the period. Institutional investors own 82.36% of the company's stock.

About Representative Westerman

Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas' 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 4th Congressional District. He declared candidacy for the 2026 election. Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.

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