DAVENPORT & Co LLC Acquires 5,772 Shares of ConocoPhillips $COP

DAVENPORT & Co LLC lifted its holdings in ConocoPhillips (NYSE:COP) by 6.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 96,795 shares of the energy producer’s stock after purchasing an additional 5,772 shares during the quarter. DAVENPORT & Co LLC’s holdings in ConocoPhillips were worth $9,078,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Capital International Investors raised its holdings in ConocoPhillips by 18.2% during the 3rd quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock worth $4,318,239,000 after buying an additional 7,037,873 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of ConocoPhillips by 31.4% in the second quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock valued at $966,267,000 after buying an additional 2,575,803 shares during the period. Primecap Management Co. CA boosted its holdings in shares of ConocoPhillips by 31.3% in the third quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer’s stock valued at $979,102,000 after buying an additional 2,467,555 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of ConocoPhillips during the third quarter worth $135,265,000. Finally, First Trust Advisors LP increased its position in shares of ConocoPhillips by 146.6% during the second quarter. First Trust Advisors LP now owns 2,315,757 shares of the energy producer’s stock worth $207,816,000 after acquiring an additional 1,376,509 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on COP shares. BMO Capital Markets raised their price objective on shares of ConocoPhillips from $115.00 to $130.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Mizuho upped their target price on shares of ConocoPhillips from $121.00 to $136.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Morgan Stanley lowered their target price on ConocoPhillips from $117.00 to $108.00 and set an “overweight” rating for the company in a report on Friday, January 23rd. The Goldman Sachs Group lifted their price target on ConocoPhillips from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, February 6th. Finally, Argus boosted their price target on ConocoPhillips from $111.00 to $128.00 and gave the company a “strong-buy” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $120.52.

ConocoPhillips Stock Performance

Shares of COP opened at $133.32 on Friday. The stock has a market capitalization of $164.74 billion, a price-to-earnings ratio of 21.03, a PEG ratio of 2.96 and a beta of 0.27. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $133.55. The firm has a fifty day simple moving average of $111.85 and a 200 day simple moving average of $98.78. The company has a current ratio of 1.30, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35.

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

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 18th were given a $0.84 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.5%. ConocoPhillips’s payout ratio is currently 53.00%.

Insiders Place Their Bets

In other ConocoPhillips news, EVP Nicholas G. Olds sold 6,994 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $127.06, for a total value of $888,657.64. Following the completion of the transaction, the executive vice president directly owned 5,395 shares in the company, valued at $685,488.70. This trade represents a 56.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Andrew D. Lundquist sold 34,500 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $4,128,960.00. Following the transaction, the senior vice president directly owned 17,469 shares in the company, valued at $2,090,689.92. This trade represents a 66.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 621,670 shares of company stock valued at $78,320,133 in the last quarter. 0.24% of the stock is currently owned by corporate insiders.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Analysts and industry writeups highlight ConocoPhillips’ low‑cost, efficient position among U.S. integrated producers, supporting resilience versus sector headwinds. Zacks Industry Outlook
• Positive Sentiment: CEO Ryan Lance told media the company views recent LNG outages as manageable for COP, which reassures investors about operational continuity and cash‑flow outlook. CNBC Interview with CEO Ryan Lance
• Positive Sentiment: Industry trend — majors are pursuing international acreage (“land grab”) as U.S. shale growth moderates, which could expand ConocoPhillips’ long‑term growth runway. Barron’s: Land Grab
• Neutral Sentiment: Momentum/valuation debate: recent strong share gains have prompted articles assessing whether COP remains attractively priced — boosts interest but also raises short‑term profit‑taking risk. Valuation Check
• Neutral Sentiment: Options desks note COP is a candidate for covered‑call strategies, suggesting some investors prefer income harvesting over chasing further upside. Covered‑Call Note
• Negative Sentiment: Insider selling: disclosures show multiple senior executives (including an SVP and a large reported sale by the CEO) trimmed positions this week — a signal some investors view as a near‑term caution. Insider Sales
• Negative Sentiment: Geopolitical/operational risk: ConocoPhillips reported evacuations and heightened security after strikes damaged Qatari facilities and has asked the U.S. for expanded protection — this elevates short‑term LNG disruption risk for COP. Qatar / U.S. Protection Request
• Negative Sentiment: Mixed sell‑side views and new coverage (Truist initiation) create a spread of price targets and temper upside conviction for some investors. Truist Coverage Initiated

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.