Edgar Lomax Co. VA Has $15.60 Million Stake in ConocoPhillips $COP

Edgar Lomax Co. VA reduced its stake in shares of ConocoPhillips (NYSE:COP) by 16.4% in the 3rd quarter, Holdings Channel reports. The firm owned 164,910 shares of the energy producer’s stock after selling 32,365 shares during the quarter. Edgar Lomax Co. VA’s holdings in ConocoPhillips were worth $15,599,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in COP. Howard Hughes Medical Institute bought a new position in shares of ConocoPhillips during the second quarter worth about $25,000. Cloud Capital Management LLC acquired a new stake in ConocoPhillips during the 3rd quarter valued at approximately $26,000. Cedar Mountain Advisors LLC raised its holdings in ConocoPhillips by 58.0% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock worth $30,000 after purchasing an additional 116 shares during the last quarter. BNP Paribas bought a new position in ConocoPhillips during the 2nd quarter worth approximately $33,000. Finally, Bfsg LLC acquired a new position in shares of ConocoPhillips in the 3rd quarter worth approximately $36,000. Institutional investors own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

COP has been the subject of several recent analyst reports. Zacks Research cut shares of ConocoPhillips from a “hold” rating to a “strong sell” rating in a research report on Friday, February 27th. UBS Group upped their price target on shares of ConocoPhillips from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday. The Goldman Sachs Group lifted their price objective on ConocoPhillips from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Wolfe Research boosted their price objective on ConocoPhillips from $122.00 to $123.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. Finally, Wells Fargo & Company raised their target price on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $117.54.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Multiple broker upgrades and price-target increases — UBS raised its price target to $144 and reiterated a Buy, signaling sizable upside and helping lift investor sentiment. UBS Price Target Raise
• Positive Sentiment: BMO and other shops project strong appreciation — BMO’s commentary and separate American Banking News write-ups highlight upward revisions to COP’s outlook and fresh conviction from sell-side shops. These upgrades support higher near-term flows into the stock. BMO Forecast
• Positive Sentiment: Additional price-target increases — another recent note raised COP’s target to $135, reinforcing a consensus of higher targets across brokers. Price Target Raised to $135
• Positive Sentiment: Sector tailwinds — a jump in oil prices amid Middle East tensions and market-moving headlines boosted integrated and E&P names; broader coverage notes oil’s spike as a direct support for COP’s shares. Oil Price/Macro Context
• Neutral Sentiment: Analyst review summary — a Benzinga piece aggregates 17 analyst views, giving a fuller picture (mixed tone across firms). Useful for seeing whether upgrades are broad-based or concentrated. 17 Analyst Reviews
• Neutral Sentiment: Louisiana coastal lawsuit nearing settlement — Gov. Landry says the state is close to settling a major coastal lawsuit with ConocoPhillips; settlement details and potential payout remain unclear, reducing some legal overhang if resolved but creating uncertainty until terms are disclosed. Louisiana Lawsuit Update
• Negative Sentiment: Relative underperformance vs. peers — a MarketWatch note flagged that COP underperformed some competitors on Wednesday, a reminder that analyst upgrades don’t guarantee uniform sector leadership and that relative performance risk remains. Underperformance Note

Insider Transactions at ConocoPhillips

In related news, CEO Ryan Michael Lance sold 500,708 shares of ConocoPhillips stock in a transaction on Friday, December 19th. The shares were sold at an average price of $92.50, for a total value of $46,315,490.00. Following the completion of the sale, the chief executive officer owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. This trade represents a 60.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.24% of the company’s stock.

ConocoPhillips Price Performance

COP stock opened at $117.00 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 company’s 50-day moving average is $103.70 and its 200-day moving average is $95.99. The stock has a market capitalization of $144.58 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 2.94 and a beta of 0.27. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $122.50.

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

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 18th were issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio (DPR) is currently 53.00%.

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.