Allspring Global Investments Holdings LLC Reduces Holdings in ConocoPhillips $COP

Allspring Global Investments Holdings LLC reduced its position in ConocoPhillips (NYSE:COP) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 544,931 shares of the energy producer’s stock after selling 87,686 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in ConocoPhillips were worth $52,695,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new stake in ConocoPhillips in the 2nd quarter valued at about $25,000. Cloud Capital Management LLC acquired a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of ConocoPhillips during the 3rd quarter worth approximately $28,000. Board of the Pension Protection Fund purchased a new stake in shares of ConocoPhillips in the fourth quarter valued at approximately $28,000. Finally, Strive Asset Management LLC acquired a new stake in shares of ConocoPhillips in the third quarter valued at approximately $28,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Analyst Ratings Changes

COP has been the topic of a number of recent research reports. Barclays boosted their price objective on ConocoPhillips from $118.00 to $128.00 and gave the stock an “overweight” rating in a research note on Monday, March 16th. Truist Financial started coverage on shares of ConocoPhillips in a research report on Tuesday, March 24th. They set a “hold” rating and a $124.00 price objective for the company. Wolfe Research lifted their target price on shares of ConocoPhillips from $122.00 to $123.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Piper Sandler increased their price target on shares of ConocoPhillips from $111.00 to $154.00 and gave the company an “overweight” rating in a research note on Thursday, March 12th. Finally, Susquehanna lifted their price target on shares of ConocoPhillips from $115.00 to $121.00 and gave the company a “positive” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and an average target price of $123.76.

Insider Buying and Selling at ConocoPhillips

In related news, CEO Ryan Michael Lance sold 506,800 shares of the stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $127.26, for a total transaction of $64,495,368.00. Following the transaction, the chief executive officer owned 6,835 shares of the company’s stock, valued at approximately $869,822.10. This represents a 98.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Nicholas G. Olds sold 14,522 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $119.36, for a total value of $1,733,345.92. Following the transaction, the executive vice president owned 12,389 shares of the company’s stock, valued at $1,478,751.04. This trade represents a 53.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 621,670 shares of company stock valued at $78,320,133. Corporate insiders own 0.24% of the company’s stock.

ConocoPhillips Price Performance

Shares of COP opened at $128.49 on Thursday. The firm has a 50-day simple moving average of $114.62 and a two-hundred day simple moving average of $99.91. The stock has a market cap of $156.61 billion, a PE ratio of 20.27, a P/E/G ratio of 2.56 and a beta of 0.18. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $135.87. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.30 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data 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). ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The company had revenue of $13.86 billion for the quarter, compared to analysts’ expectations of $14.35 billion. During the same period in the previous year, the business posted $1.98 EPS. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. As a group, analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio (DPR) is currently 53.00%.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Zacks upgraded ConocoPhillips from “strong sell” to “hold,” and an analyst upgrade helped push COP to a new 1‑year high earlier — a catalyst that supported recent upside in the shares. Zacks Upgrade
• Positive Sentiment: Local Permian Basin community engagement (small-business training) is modestly positive for Permian operations and PR, though it is unlikely to move the stock materially on its own. Permian Training Program
• Neutral Sentiment: Goldman Sachs published bullish views on several dividend-paying energy names; broad positive analyst sentiment toward integrated/producer names can support sector flows, but the article does not single out COP for a specific rating change. Goldman Sachs Energy Picks
• Neutral Sentiment: Coverage of ExxonMobil’s advantaged upstream assets highlights why some investors may favor XOM’s growth/return profile; this competitor focus can reallocate capital within the sector away from peers like COP. Exxon Upstream Assets
• Negative Sentiment: Market reports show COP shares falling on the session amid broad market moves — headline pieces note a -2.7% session decline as investors trim positions after the recent run-up. Zacks: COP Stock Sinks
• Negative Sentiment: Analysts and traders cite an unwind of the geopolitical/war premium (Iran de‑escalation hopes), which reduced WTI crude and pressured COP shares that benefited from higher risk-premium levels. Benzinga: Unwinding War Premium

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.