Cooke & Bieler LP Acquires 111,262 Shares of ConocoPhillips $COP

Cooke & Bieler LP grew its holdings in ConocoPhillips (NYSE:COP) by 6.9% in the 4th quarter, HoldingsChannel reports. The firm owned 1,722,300 shares of the energy producer’s stock after buying an additional 111,262 shares during the quarter. ConocoPhillips comprises approximately 1.7% of Cooke & Bieler LP’s holdings, making the stock its 14th largest holding. Cooke & Bieler LP’s holdings in ConocoPhillips were worth $161,225,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Cloud Capital Management LLC bought a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $28,000. Board of the Pension Protection Fund bought a new position in shares of ConocoPhillips during the 4th quarter worth approximately $28,000. Strive Asset Management LLC bought a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $28,000. Finally, BNP Paribas bought a new position in shares of ConocoPhillips during the 2nd quarter worth approximately $33,000. Institutional investors own 82.36% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on COP shares. Susquehanna boosted their price objective on shares of ConocoPhillips from $149.00 to $152.00 in a research note on Friday, May 1st. Scotiabank boosted their price objective on shares of ConocoPhillips from $100.00 to $125.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada boosted their price objective on shares of ConocoPhillips from $118.00 to $152.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 8th. Citigroup boosted their price objective on shares of ConocoPhillips from $135.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of ConocoPhillips from $98.00 to $103.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell 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 $133.28.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, Director Timothy A. Leach sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $118.79, for a total transaction of $4,751,600.00. Following the transaction, the director owned 411,211 shares in the company, valued at approximately $48,847,754.69. This represents a 8.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Kelly Brunetti Rose sold 8,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $118.04, for a total transaction of $1,003,340.00. Following the transaction, the senior vice president owned 32,984 shares in the company, valued at $3,893,431.36. The trade was a 20.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 734,891 shares of company stock worth $93,345,692 in the last three months. 0.09% of the stock is owned by company insiders.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips and Glenfarne signed a 30-year natural gas supply agreement tied to Alaska LNG, a meaningful step that reduces project uncertainty and strengthens the case for long-term cash flow from the development. ConocoPhillips (COP) and Glenfarne’s Alaska LNG Sign 30-Year Natural Gas Supply Agreement
• Positive Sentiment: Morgan Stanley raised its price target on ConocoPhillips to $153 from $149 and reiterated an overweight rating, signaling continued Wall Street confidence in the company’s upside. Morgan Stanley adjusts ConocoPhillips price target to $153 from $149, maintains overweight rating
• Positive Sentiment: Goldman Sachs’ Conviction List inclusion and bullish commentary suggest COP is viewed as a resilient cash-flow name, with major projects potentially supporting results even if energy markets stay volatile. Why ConocoPhillips (COP) Is Still a Cash-Flow Bet Amid LNG Project Activity
• Neutral Sentiment: Several articles frame ConocoPhillips as undervalued, including value-screen and Zacks coverage, which may support the stock but does not by itself change fundamentals. 5 Value Stocks Trading at Attractive Price-to-Sales Ratios
• Neutral Sentiment: ConocoPhillips is also being discussed for longer-term Lower 48 production growth, with higher 2026 spending aimed at boosting output, but this is more of a long-range operating update than an immediate stock catalyst. Can ConocoPhillips Sustain Long-Term Growth in the Lower 48?
• Negative Sentiment: There were no major negative company-specific headlines in the provided set; however, recent weakness in the shares suggests investors may still be cautious despite the positive LNG and analyst news.

ConocoPhillips Trading Up 0.0%

Shares of ConocoPhillips stock opened at $120.48 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12-month low of $84.28 and a 12-month high of $135.87. The firm has a market capitalization of $146.78 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 1.39 and a beta of 0.14. The firm’s 50 day simple moving average is $123.68 and its two-hundred day simple moving average is $107.59.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The business had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the prior year, the business posted $2.09 EPS. ConocoPhillips’s revenue for the quarter was down 6.1% compared to the same quarter last year. Analysts predict that ConocoPhillips will post 9.92 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be paid a dividend of $0.84 per share. The ex-dividend date is Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a yield of 2.8%. ConocoPhillips’s dividend payout ratio is presently 57.05%.

About ConocoPhillips

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.