Rep. Dan Newhouse Purchases Shares of ConocoPhillips (NYSE:COP)

Key Points

• Representative Dan Newhouse purchased shares of ConocoPhillips (NYSE:COP) valued between $1,001 and $15,000 on August 18th, as disclosed in a filing on September 17th.
• ConocoPhillips recently reported earnings of $1.42 per share, exceeding expectations, and announced a quarterly dividend of $0.78, which provides an annualized yield of 3.3%.
• The stock price of ConocoPhillips is currently down 2.8% and has a market cap of $119.55 billion, with analysts indicating a moderate buy rating and an average target price of $120.14.

Representative Dan Newhouse (R-Washington) recently bought shares of ConocoPhillips NYSE: COP. In a filing disclosed on September 17th, the Representative disclosed that they had bought between $1,001 and $15,000 in ConocoPhillips stock on August 18th. The trade occurred in the Representative's "EDWARD JONES IRA" account.

Representative Dan Newhouse also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of RTX NYSE: RTX on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of General Mills NYSE: GIS on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Ross Stores NASDAQ: ROST on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of United Parcel Service NYSE: UPS on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Prologis NYSE: PLD on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Brown & Brown NYSE: BRO on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of AMETEK NYSE: AME on 8/18/2025.
• Purchased $1,001 - $15,000 in shares of S&P Global NYSE: SPGI on 8/18/2025.

ConocoPhillips Stock Down 2.8%

COP opened at $95.72 on Tuesday. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $116.08. The stock's fifty day simple moving average is $94.95 and its 200 day simple moving average is $92.97. The company has a current ratio of 1.27, a quick ratio of 1.10 and a debt-to-equity ratio of 0.35. The stock has a market cap of $119.55 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 2.59 and a beta of 0.69.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The energy producer reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.06. ConocoPhillips had a return on equity of 14.60% and a net margin of 15.26%.The business had revenue of $14.94 billion for the quarter, compared to analysts' expectations of $14.39 billion. During the same quarter in the prior year, the business earned $1.98 EPS. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts expect that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Monday, August 18th were paid a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, August 18th. ConocoPhillips's dividend payout ratio is 41.88%.

Hedge Funds Weigh In On ConocoPhillips

Hedge funds have recently made changes to their positions in the stock. Howard Hughes Medical Institute bought a new position in shares of ConocoPhillips during the second quarter worth about $25,000. 10Elms LLP bought a new position in shares of ConocoPhillips during the fourth quarter worth about $28,000. Bogart Wealth LLC raised its position in shares of ConocoPhillips by 136.8% during the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer's stock worth $28,000 after acquiring an additional 182 shares during the last quarter. Activest Wealth Management raised its position in shares of ConocoPhillips by 249.5% during the second quarter. Activest Wealth Management now owns 325 shares of the energy producer's stock worth $29,000 after acquiring an additional 232 shares during the last quarter. Finally, Financial Network Wealth Advisors LLC raised its position in shares of ConocoPhillips by 341.5% during the first quarter. Financial Network Wealth Advisors LLC now owns 287 shares of the energy producer's stock worth $30,000 after acquiring an additional 222 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley reaffirmed an "overweight" rating and issued a $123.00 price objective (up from $119.00) on shares of ConocoPhillips in a report on Sunday, August 10th. Melius assumed coverage on ConocoPhillips in a report on Wednesday, August 20th. They issued a "hold" rating and a $117.00 price objective on the stock. Citigroup decreased their price objective on ConocoPhillips from $140.00 to $115.00 and set a "buy" rating on the stock in a report on Wednesday, June 11th. Raymond James Financial decreased their price objective on ConocoPhillips from $117.00 to $115.00 and set an "outperform" rating on the stock in a report on Monday, September 8th. Finally, Melius Research assumed coverage on ConocoPhillips in a report on Wednesday, August 20th. They issued a "hold" rating and a $117.00 price objective on the stock. Sixteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $120.14.

About Representative Newhouse

Dan Newhouse (Republican Party) is a member of the U.S. House, representing Washington's 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027. Newhouse (Republican Party) ran for re-election to the U.S. House to represent Washington's 4th Congressional District. He won in the general election on November 5, 2024. Click here to see Newhouse's key votes in Congress. Newhouse served as a member of the Washington House of Representatives representing District 15-Position 2 from 2003 through 2009 and as Washington Director of Agriculture from 2009 to 2013. Newhouse was first elected to the state House in 2002 and served until he was named state Director of Agriculture in 2009. He was first appointed by Governor Christine Gregoire on February 18, 2009.

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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