ConocoPhillips $COP Shares Purchased by Canandaigua National Bank & Trust Co.

Canandaigua National Bank & Trust Co. increased its holdings in shares of ConocoPhillips (NYSE:COP) by 31.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,940 shares of the energy producer’s stock after buying an additional 7,365 shares during the quarter. Canandaigua National Bank & Trust Co.’s holdings in ConocoPhillips were worth $3,872,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Frazier Financial Advisors LLC boosted its position in shares of ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after acquiring an additional 145 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in ConocoPhillips during the fourth quarter worth approximately $25,000. Ballast Advisors LLC acquired a new position in ConocoPhillips during the first quarter worth approximately $36,000. Evergreen Advisors LLC purchased a new position in ConocoPhillips during the first quarter worth approximately $36,000. Finally, Allied Private Wealth LLC acquired a new position in shares of ConocoPhillips in the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insiders Place Their Bets

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total value of $1,282,168.05. Following the transaction, the senior vice president owned 9,593 shares in the company, valued at $1,296,493.95. The trade was a 49.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.09% of the company’s stock.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: New 20-year LNG agreement: ConocoPhillips agreed to purchase 1 million tons of LNG annually from Venture Global beginning in 2030. The deal expands COP’s long-term natural-gas exposure and could strengthen future cash-flow visibility; one valuation analysis estimates the stock may be approximately 11% undervalued. ConocoPhillips Could Be 11% Undervalued Following New 20 Year LNG Deal
• Positive Sentiment: Potential asset divestitures: COP is reportedly reviewing its Norway business and the UK Teesside asset, with a possible transaction value of about $7 billion. A sale could streamline the portfolio, improve capital flexibility, and potentially support shareholder returns. ConocoPhillips Reviews Norway Business and UK Teesside Asset Divestment
• Positive Sentiment: Bullish analyst outlook: Mizuho analyst Nitin Kumar reiterated a Buy rating and set a $146 NAV-based price target, citing near-term earnings strength and long-term LNG-driven cash-flow upside. Analyst Reiterates Buy Rating and $146 Price Target
• Positive Sentiment: Improving oil-price assumptions: ConocoPhillips’ chairman said the long-term oil-price floor could rise toward $70 per barrel, a potentially favorable backdrop for an exploration and production company such as COP. Chairman Sees Oil Price Floor Rising Toward $70
• Neutral Sentiment: Value-focused comparisons with Cactus (NYSE: WHD) and Calumet (NASDAQ: CLMT) assess which energy stocks offer the better valuation. The reports provide context for COP’s relative attractiveness but do not announce a new company-specific catalyst. COP or WHD Which Is the Better Value Stock Right Now
• Neutral Sentiment: Management said stable conditions and fair fiscal terms would be needed to bring investors back to Venezuela and Russia, highlighting geopolitical and operating considerations rather than an immediate change to COP’s results. Stability and Fair Fiscal Terms Needed for Investors to Return

ConocoPhillips Stock Up 0.4%

Shares of NYSE COP traded up $0.50 on Wednesday, hitting $129.85. The company had a trading volume of 4,791,460 shares, compared to its average volume of 8,145,697. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $141.62. The firm has a market capitalization of $156.00 billion, a P/E ratio of 17.18, a PEG ratio of 1.35 and a beta of 0.24. The business has a 50 day moving average of $128.85 and a two-hundred day moving average of $121.88.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping the consensus estimate of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same period in the previous year, the company posted $1.42 EPS. ConocoPhillips’s revenue for the quarter was up 32.4% on a year-over-year basis. As a group, equities research analysts forecast that ConocoPhillips will post 10.54 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were paid a $0.84 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.36 annualized dividend and a dividend yield of 2.6%. ConocoPhillips’s dividend payout ratio is 44.44%.

Analyst Upgrades and Downgrades

COP has been the topic of a number of research analyst reports. Seaport Research Partners initiated coverage on ConocoPhillips in a report on Thursday, September 3rd. They issued a “neutral” rating on the stock. Morgan Stanley boosted their target price on ConocoPhillips from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. Barclays dropped their target price on shares of ConocoPhillips from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. The Goldman Sachs Group cut their price target on shares of ConocoPhillips from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Finally, Weiss Ratings raised shares of ConocoPhillips from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $143.29.

About ConocoPhillips

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.