ConocoPhillips $COP Shares Sold by Hamlin Capital Management LLC

Hamlin Capital Management LLC decreased its position in shares of ConocoPhillips (NYSE:COP) by 0.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,441,909 shares of the energy producer’s stock after selling 9,413 shares during the period. ConocoPhillips makes up about 4.4% of Hamlin Capital Management LLC’s holdings, making the stock its 8th biggest holding. Hamlin Capital Management LLC’s holdings in ConocoPhillips were worth $180,455,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in ConocoPhillips by 73.2% in the 2nd quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock valued at $12,328,767,000 after purchasing an additional 50,116,727 shares during the period. Bank of America Corp DE acquired a new position in ConocoPhillips during the second quarter worth $1,260,482,000. Primecap Management Co. CA bought a new position in shares of ConocoPhillips in the second quarter valued at $1,204,726,000. Legal & General Group Plc acquired a new position in shares of ConocoPhillips during the second quarter valued at about $716,151,000. Finally, Jupiter Topco LLC bought a new stake in shares of ConocoPhillips during the second quarter worth about $427,954,000. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

Shares of COP stock traded up $4.43 during trading on Thursday, hitting $134.27. The company’s stock had a trading volume of 2,917,950 shares, compared to its average volume of 8,117,771. The company has a market cap of $161.31 billion, a PE ratio of 17.74, a P/E/G ratio of 1.35 and a beta of 0.24. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average of $129.08 and a 200-day moving average of $121.91. ConocoPhillips has a 52 week low of $85.57 and a 52 week high of $141.62.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The business had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same period last year, the company posted $1.42 earnings per share. ConocoPhillips’s quarterly revenue was up 32.4% compared to the same quarter last year. As a group, research analysts anticipate that ConocoPhillips will post 10.62 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.36 annualized dividend and a dividend yield of 2.5%. ConocoPhillips’s dividend payout ratio (DPR) is currently 44.44%.

Analyst Ratings Changes

Several brokerages recently weighed in on COP. Jefferies Financial Group raised their price target on shares of ConocoPhillips from $159.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley boosted their price objective on ConocoPhillips from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Wednesday, August 19th. UBS Group raised their target price on ConocoPhillips from $153.00 to $169.00 and gave the company a “buy” rating in a report on Monday, September 14th. Freedom Capital raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Raymond James Financial restated an “underperform” rating and set a $168.00 price objective on shares of ConocoPhillips in a research note on Monday, August 24th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $143.29.

Insider Activity at ConocoPhillips

In related news, SVP Andrew Lundquist sold 9,487 shares of the business’s stock in a transaction dated 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 directly owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. The trade was a 49.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is owned by insiders.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices are the primary catalyst. ConocoPhillips is particularly sensitive to commodity prices because stronger realized prices can increase upstream revenue, operating cash flow and shareholder returns. ConocoPhillips gains as oil prices jump on supply fears
• Positive Sentiment: Zacks Research upgraded COP from “Hold” to “Strong Buy.” The upgrade adds to the stock’s favorable analyst backdrop; recent ratings include Buy and Overweight recommendations, while the median reported price target is $143.
• Positive Sentiment: Recent company fundamentals remain supportive. ConocoPhillips previously reaffirmed full-year guidance, reported strong operating cash flow and doubled second-quarter share repurchases. Its latest quarterly results also exceeded analyst expectations, with revenue up 32.4% year over year.
• Positive Sentiment: Long-term gas exposure and portfolio optimization provide additional support. The company’s 20-year agreement to purchase LNG from Venture Global beginning in 2030 could expand its gas presence, while a potential sale of Norway and U.K. Teesside assets—reportedly valued near $7 billion—could increase capital flexibility.
• Neutral Sentiment: Institutional positioning is mixed. Major investors including JPMorgan, Sixth Street Partners, BlackRock and T. Rowe Price added shares in the latest quarter, but other institutions reduced holdings. This suggests continued investor interest without a uniform market view.
• Negative Sentiment: Recent insider activity has consisted entirely of sales. Three insiders sold shares during the past six months, with no reported purchases. These transactions may modestly temper sentiment, although they do not necessarily indicate a change in the company’s outlook.

ConocoPhillips Company Profile

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.