Rep. Jefferson Shreve Purchases Shares of ConocoPhillips (NYSE:COP)

Representative Jefferson Shreve (R-Indiana) recently bought shares of ConocoPhillips NYSE: COP. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in ConocoPhillips stock on April 7th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

ConocoPhillips Stock Down 0.3 %

Shares of ConocoPhillips stock traded down $0.24 on Friday, reaching $88.58. The company's stock had a trading volume of 7,568,420 shares, compared to its average volume of 7,274,656. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $123.98. The firm's fifty day simple moving average is $93.08 and its two-hundred day simple moving average is $99.44. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $111.98 billion, a price-to-earnings ratio of 11.37, a P/E/G ratio of 0.79 and a beta of 0.64.

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

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Monday, May 19th will be given a $0.78 dividend. The ex-dividend date of this dividend is Monday, May 19th. This represents a $3.12 annualized dividend and a yield of 3.52%. ConocoPhillips's dividend payout ratio (DPR) is presently 39.64%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on COP shares. Scotiabank lowered their price target on ConocoPhillips from $115.00 to $95.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Bank of America cut ConocoPhillips from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $138.00 to $107.00 in a research report on Tuesday, April 29th. Truist Financial upped their price target on shares of ConocoPhillips from $138.00 to $139.00 and gave the company a "buy" rating in a research report on Monday, January 13th. TD Cowen began coverage on shares of ConocoPhillips in a report on Friday, January 17th. They issued a "buy" rating and a $125.00 price objective on the stock. Finally, The Goldman Sachs Group set a $132.00 target price on shares of ConocoPhillips in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, ConocoPhillips presently has a consensus rating of "Moderate Buy" and an average price target of $124.89.

Hedge Funds Weigh In On ConocoPhillips

Several hedge funds have recently modified their holdings of COP. Northern Capital Management Inc. bought a new position in shares of ConocoPhillips during the 1st quarter valued at about $208,000. Deutsche Bank AG grew its holdings in ConocoPhillips by 53.8% during the 1st quarter. Deutsche Bank AG now owns 5,240,275 shares of the energy producer's stock valued at $550,334,000 after buying an additional 1,834,118 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of ConocoPhillips by 379.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 40,094,754 shares of the energy producer's stock worth $4,210,751,000 after acquiring an additional 31,736,423 shares in the last quarter. Coign Capital Advisors LLC boosted its position in shares of ConocoPhillips by 3.7% during the 1st quarter. Coign Capital Advisors LLC now owns 5,698 shares of the energy producer's stock valued at $598,000 after acquiring an additional 202 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in shares of ConocoPhillips by 135.1% in the first quarter. Citizens Financial Group Inc. RI now owns 189,976 shares of the energy producer's stock valued at $19,951,000 after purchasing an additional 109,182 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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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