Amalgamated Bank Has $22.53 Million Holdings in ConocoPhillips $COP

Amalgamated Bank reduced its stake in shares of ConocoPhillips (NYSE:COP) by 2.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 238,135 shares of the energy producer’s stock after selling 6,013 shares during the period. Amalgamated Bank’s holdings in ConocoPhillips were worth $22,525,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Howard Hughes Medical Institute bought a new stake in ConocoPhillips in the second quarter valued at approximately $25,000. Bogart Wealth LLC grew its stake in ConocoPhillips by 136.8% during the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock worth $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 worth $29,000 after purchasing an additional 232 shares in the last quarter. Cedar Mountain Advisors LLC lifted its stake in ConocoPhillips by 58.0% in the third quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock valued at $30,000 after buying an additional 116 shares during the period. Finally, BNP Paribas bought a new position in shares of ConocoPhillips during the 2nd quarter worth approximately $33,000. 82.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COP has been the topic of several research analyst reports. Wells Fargo & Company began coverage on shares of ConocoPhillips in a research note on Friday, October 17th. They set an “equal weight” rating and a $100.00 target price on the stock. JPMorgan Chase & Co. cut their price objective on shares of ConocoPhillips from $102.00 to $98.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 13th. Johnson Rice lowered ConocoPhillips from an “accumulate” rating to a “hold” rating and decreased their target price for the company from $108.00 to $105.00 in a research report on Friday, December 5th. Roth Capital cut their price target on ConocoPhillips from $108.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, October 15th. Finally, Piper Sandler reduced their price objective on ConocoPhillips from $115.00 to $109.00 and set an “overweight” rating for the company in a research note on Thursday, January 8th. Seventeen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and an average price target of $110.83.

Insider Buying and Selling at ConocoPhillips

In related news, Director William H. Mcraven purchased 5,768 shares of the firm’s stock in a transaction dated Monday, November 10th. The shares were purchased at an average cost of $86.68 per share, for a total transaction of $499,970.24. Following the completion of the transaction, the director directly 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 filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Michael Lance sold 500,708 shares of the business’s 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 directly owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. This represents a 60.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.24% of the stock is currently owned by insiders.

More ConocoPhillips News

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.

ConocoPhillips Trading Down 0.8%

Shares of COP opened at $98.18 on Friday. The business has a 50-day moving average of $92.65 and a 200 day moving average of $92.91. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $106.20. The firm has a market cap of $121.32 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 2.69 and a beta of 0.32. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.18 and a current ratio of 1.32.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.20. The firm had revenue of $15.03 billion during the quarter, compared to the consensus estimate of $14.51 billion. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the company earned $1.78 earnings per share. As a group, research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Increases Dividend

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

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.