Eastern Bank Sells 3,834 Shares of ConocoPhillips $COP

Eastern Bank trimmed its stake in shares of ConocoPhillips (NYSE:COP) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 75,461 shares of the energy producer’s stock after selling 3,834 shares during the period. Eastern Bank’s holdings in ConocoPhillips were worth $7,064,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wedge Capital Management L L P NC boosted its position in ConocoPhillips by 4.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,570 shares of the energy producer’s stock worth $241,000 after purchasing an additional 101 shares during the last quarter. Greenfield Savings Bank increased its position in shares of ConocoPhillips by 1.2% during the 3rd quarter. Greenfield Savings Bank now owns 9,018 shares of the energy producer’s stock valued at $853,000 after purchasing an additional 108 shares during the last quarter. FAS Wealth Partners Inc. boosted its holdings in shares of ConocoPhillips by 0.9% in the second quarter. FAS Wealth Partners Inc. now owns 12,154 shares of the energy producer’s stock worth $1,091,000 after buying an additional 112 shares during the last quarter. Strategic Blueprint LLC boosted its holdings in shares of ConocoPhillips by 1.4% in the third quarter. Strategic Blueprint LLC now owns 7,917 shares of the energy producer’s stock worth $749,000 after buying an additional 112 shares during the last quarter. Finally, Strathmore Capital Advisors Inc. raised its position in ConocoPhillips by 3.5% in the third quarter. Strathmore Capital Advisors Inc. now owns 3,441 shares of the energy producer’s stock worth $325,000 after acquiring an additional 116 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Andrew D. Lundquist sold 34,500 shares of ConocoPhillips 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 completion of the transaction, the senior vice president owned 17,469 shares in the company, valued at approximately $2,090,689.92. The trade was a 66.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The shares were sold at an average price of $130.03, for a total value of $1,001,231.00. Following the transaction, the senior vice president directly owned 25,284 shares in the company, valued at approximately $3,287,678.52. This represents a 23.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 621,670 shares of company stock worth $78,320,133. 0.24% of the stock is currently owned by company insiders.

ConocoPhillips Stock Performance

Shares of NYSE:COP opened at $133.94 on Friday. The firm has a fifty day simple moving average of $112.57 and a two-hundred day simple moving average of $99.13. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $134.87. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $165.51 billion, a P/E ratio of 21.13, a PEG ratio of 3.07 and a beta of 0.27.

ConocoPhillips (NYSE:COP) last announced its 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). The business had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.98 earnings per share. On average, analysts expect that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

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

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Morgan Stanley raised its price target to $149 and moved COP to “overweight,” supporting further upside from current levels. Benzinga
• Positive Sentiment: Analysts’ fair‑value updates lifted ConocoPhillips’ estimate (to ~$128.29 in one note), reflecting higher medium‑term oil price assumptions that justify stronger EPS/valuation scenarios. COP investment story shifting (Yahoo)
• Positive Sentiment: COP recently hit a 52‑week high, signaling momentum and investor appetite for large independent E&P names. 52‑week high (Investing.com)
• Positive Sentiment: Higher oil prices (Brent above ~$95) are a sector tailwind for upstream producers like ConocoPhillips, boosting cash flow sensitivity to commodity strength. Oil >$95 sector note (Yahoo)
• Neutral Sentiment: Options desks flag COP as a covered‑call candidate given elevated prices and implied volatility — indicates some investors prefer income harvesting over outright bullish exposure. Covered‑call interest (Barchart)
• Neutral Sentiment: Truist initiated coverage (new analyst attention); some houses remain cautious or have wide target ranges, so consensus expectations are mixed and valuation dispersion remains high. Truist initiation (American Banking News)
• Negative Sentiment: Significant insider selling was disclosed this week (including SVP Kelly Brunetti Rose and reports of larger executive sales); heavy insider dispositions can raise short‑term investor caution about near‑term allocation. Insider sales disclosure (InsiderTrades)
• Negative Sentiment: Geopolitical/operational risk: ConocoPhillips has sought U.S. protection around Qatari energy assets after regional strikes — evacuations and security actions add near‑term operational uncertainty for LNG and related projects. Qatar protection request (Yahoo)

Analyst Ratings Changes

Several research analysts recently weighed in on COP shares. Barclays upped their target price on shares of ConocoPhillips from $118.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Johnson Rice cut shares of ConocoPhillips from an “accumulate” rating to a “hold” rating and decreased their price target for the stock from $108.00 to $105.00 in a research note on Friday, December 5th. Capital One Financial increased their price objective on shares of ConocoPhillips from $111.00 to $116.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. Jefferies Financial Group raised their price objective on ConocoPhillips from $120.00 to $129.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Finally, Wells Fargo & Company lifted their target price on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $122.16.

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.