QRG Capital Management Inc. Has $15.88 Million Stock Holdings in ConocoPhillips $COP

QRG Capital Management Inc. lowered its position in ConocoPhillips (NYSE:COP) by 24.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 167,908 shares of the energy producer’s stock after selling 54,678 shares during the quarter. QRG Capital Management Inc.’s holdings in ConocoPhillips were worth $15,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in COP. Howard Hughes Medical Institute acquired a new position in ConocoPhillips in the 2nd quarter valued at approximately $25,000. Bogart Wealth LLC increased its holdings in ConocoPhillips by 136.8% in the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after purchasing an additional 182 shares during the period. Activest Wealth Management increased its holdings in ConocoPhillips by 249.5% in the second quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock valued at $29,000 after purchasing an additional 232 shares during the period. 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. Finally, BNP Paribas bought a new stake in shares of ConocoPhillips during the 2nd quarter valued at about $33,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director William H. Mcraven acquired 5,768 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of $86.68 per share, with a total value of $499,970.24. Following the acquisition, the director owned 5,768 shares in the company, valued at approximately $499,970.24. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Michael Lance sold 500,708 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the transaction, the chief executive officer owned 325,972 shares in the company, valued at $30,152,410. The trade was a 60.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.24% of the stock is currently owned by corporate insiders.

ConocoPhillips Stock Down 0.8%

COP stock opened at $98.18 on Friday. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $106.20. The stock has a market cap of $121.32 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 2.71 and a beta of 0.32. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35. The company’s 50 day moving average is $92.65 and its 200 day moving average is $92.90.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, November 6th. The energy producer reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.20. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The firm had revenue of $15.03 billion for the quarter, compared to analyst estimates of $14.51 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The business’s revenue for the quarter was up 14.1% compared to the same quarter last year. Sell-side analysts predict that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Monday, November 17th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.78. ConocoPhillips’s dividend payout ratio (DPR) is currently 47.52%.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Confirmed gas discovery in Australia’s Otway Basin adds to reserves and strengthens ConocoPhillips’ natural‑gas growth optionality — supports longer‑term production and value of downstream/ LNG optionality. ConocoPhillips Confirms Second Gas Discovery in Australia’s Otway Basin ConocoPhillips Australia discovers additional gas in Otway basin Charlemont Trend
• Neutral Sentiment: International oil companies are lobbying for Venezuelan law changes to allow freer exports of oil they produce — could expand export volumes for majors if enacted, but outcomes and timing remain uncertain for ConocoPhillips. International oil companies push for quick reforms in Venezuela to give them control over oil exports
• Neutral Sentiment: Wolfe Research trimmed its price target (126→122) but kept an outperform rating — a modest sign of caution but still indicates upside versus the current price. Wolfe adjusts price target on ConocoPhillips to $122 from $126, maintains outperform rating
• Negative Sentiment: Bank of America reiterated an underperform stance (framed as a “sell equivalent”), citing relatively high oil breakevens for ConocoPhillips and preferring other names — this analyst view is pressuring sentiment. ConocoPhillips cut to sell equivalent at BofA on high oil breakeven; Ovintiv top oil pick
• Negative Sentiment: JPMorgan and other outlets published lower price targets (JPMorgan to $98; reports of a $6 reduction elsewhere), and MarketWatch highlighted COP’s recent underperformance vs. peers — multiple PT cuts and comparative underperformance are amplifying downside pressure. JPMorgan Chase & Co. Lowers ConocoPhillips (NYSE:COP) Price Target to $98.00 ConocoPhillips (COP) Price Target Lowered by $6 ConocoPhillips stock underperforms Thursday when compared to competitors
• Neutral Sentiment: Industry commentators continue to favor select midstream/refining/shipping names over majors in the near term, signaling rotation risk for large oil producers like COP even if fundamentals remain intact. Don’t Trade the Venezuela Headlines. Why We’re Skipping Oil Majors to Zero In on These Energy Stocks Instead.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on COP shares. Wells Fargo & Company initiated coverage on shares of ConocoPhillips in a research report on Friday, October 17th. They issued an “equal weight” rating and a $100.00 price target for the company. Bank of America reissued an “underperform” rating and issued a $102.00 price objective on shares of ConocoPhillips in a research report on Friday. Roth Capital dropped their price objective on ConocoPhillips from $108.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, October 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of ConocoPhillips in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research report on Saturday, November 8th. Seventeen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $110.83.

ConocoPhillips 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.