ConocoPhillips $COP Shares Sold by Comerica Bank

Comerica Bank trimmed its stake in ConocoPhillips (NYSE:COP) by 4.0% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 499,889 shares of the energy producer’s stock after selling 20,749 shares during the quarter. Comerica Bank’s holdings in ConocoPhillips were worth $47,284,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of COP. Tema Etfs LLC acquired a new position in shares of ConocoPhillips during the third quarter valued at $1,804,000. Victory Capital Management Inc. lifted its holdings in ConocoPhillips by 14.7% in the third quarter. Victory Capital Management Inc. now owns 2,331,176 shares of the energy producer’s stock worth $220,506,000 after purchasing an additional 298,245 shares during the period. Natixis Advisors LLC grew its position in ConocoPhillips by 8.7% in the 3rd quarter. Natixis Advisors LLC now owns 1,996,426 shares of the energy producer’s stock valued at $188,842,000 after buying an additional 160,410 shares in the last quarter. D.A. Davidson & CO. grew its position in ConocoPhillips by 12.1% in the 3rd quarter. D.A. Davidson & CO. now owns 140,829 shares of the energy producer’s stock valued at $13,321,000 after buying an additional 15,202 shares in the last quarter. Finally, Chilton Capital Management LLC increased its stake in ConocoPhillips by 3.2% during the 3rd quarter. Chilton Capital Management LLC now owns 389,995 shares of the energy producer’s stock valued at $36,890,000 after buying an additional 11,958 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher crude and geopolitical risk are drawing investor attention to major producers, lifting the sector and COP in particular. Oil Price Back to the Glory Days
• Positive Sentiment: Piper Sandler raised its price target on COP to $154 and set an “overweight” rating, implying significant upside from current levels — a formal analyst endorsement that can support buyer interest. Piper Sandler PT Raise
• Positive Sentiment: TheStreet highlights that while oil-price swings move the stock, the bigger long-term catalyst may be ConocoPhillips’ internal execution — cash returns, portfolio optimization and disciplined capex — which investors view as durable value drivers. Oil’s whiplash is powering ConocoPhillips
• Neutral Sentiment: Broader commentary notes a sector rotation into energy as crude recovers; this macro interest helps COP but increases reliance on commodity moves rather than idiosyncratic stock drivers. Energy is no longer dead money
• Negative Sentiment: An insider sale — a ConocoPhillips director sold roughly $4.75M of stock — is being reported and can be viewed as a near-term caution for some investors. Insider Selling
• Negative Sentiment: Recent quarterly results missed estimates (EPS and revenue), reminding investors that higher oil prices need to translate into consistent operational and earnings improvement to sustain multiple expansion.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of ConocoPhillips from $120.00 to $129.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Bank of America reiterated an “underperform” rating and issued a $102.00 price objective on shares of ConocoPhillips in a report on Friday, January 16th. Morgan Stanley lowered their price objective on shares of ConocoPhillips from $117.00 to $108.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. Citigroup upped their target price on ConocoPhillips from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Finally, Sanford C. Bernstein decreased their price target on ConocoPhillips from $116.00 to $98.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.33.

ConocoPhillips Stock Performance

Shares of COP opened at $122.00 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.30 and a quick ratio of 1.14. The firm’s 50 day moving average is $106.62 and its 200-day moving average is $96.94. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $122.50. The stock has a market capitalization of $150.76 billion, a P/E ratio of 19.24, a P/E/G ratio of 3.05 and a beta of 0.27.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing the consensus estimate of $1.23 by ($0.21). The business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.98 earnings per share. Equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio is 53.00%.

Insider Activity

In other news, SVP Kelly Brunetti Rose sold 8,500 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $118.04, for a total transaction of $1,003,340.00. Following the completion of the sale, the senior vice president directly owned 32,984 shares of the company’s stock, valued at $3,893,431.36. This trade represents a 20.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Michael Lance sold 500,708 shares of the business’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of $92.50, for a total value of $46,315,490.00. Following the sale, the chief executive officer directly owned 325,972 shares in the company, valued at $30,152,410. This trade represents a 60.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 549,208 shares of company stock worth $52,070,430. Insiders own 0.24% of the company’s stock.

ConocoPhillips Company Profile

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.