BXM Wealth LLC Buys 34,961 Shares of ConocoPhillips $COP

BXM Wealth LLC increased its stake in ConocoPhillips (NYSE:COP) by 691.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,016 shares of the energy producer’s stock after acquiring an additional 34,961 shares during the period. BXM Wealth LLC’s holdings in ConocoPhillips were worth $3,746,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of COP. Howard Hughes Medical Institute purchased a new position in ConocoPhillips in the 2nd quarter worth approximately $25,000. Cloud Capital Management LLC purchased a new stake in shares of ConocoPhillips during the third quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new position in shares of ConocoPhillips in the third quarter worth approximately $28,000. Board of the Pension Protection Fund bought a new position in shares of ConocoPhillips in the fourth quarter worth approximately $28,000. Finally, Strive Asset Management LLC purchased a new position in shares of ConocoPhillips in the third quarter worth $28,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Citigroup raised its price target on COP to $150 and kept a Buy rating, backing a meaningful upside case versus recent levels and providing institutional support. Citigroup Raises Target
• Positive Sentiment: Some brokerages/upgrades (Zacks/others) and a positive forecast note have improved headline analyst sentiment, which can support flows and valuation expectations. Analyst Forecast
• Neutral Sentiment: Macro and sector coverage pieces (e.g., takeaways that oil stocks may be “tapped out”) are driving headlines and trading volatility but do not change COP’s fundamentals immediately. Barron’s Sector Note
• Negative Sentiment: CEO Ryan Lance sold 113,221 shares (~$15M) at ~ $132.71 on Mar 31, a sizable insider sale that can be perceived negatively by investors watching insider signals even if done for personal reasons. CEO Sale
• Negative Sentiment: Analyst rotation toward Diamondback Energy and its recognition on “top oil picks” lists highlights investor preference for shale growth/production discipline, which can divert investor dollars away from larger diversified producers like COP. Diamondback vs COP
• Negative Sentiment: Short‑term oil-market moves (recent unwind of a geopolitical premium) trimmed the sector and pressured oil-weighted names, a macro headwind for COP until crude stabilizes. Market Effects

Analysts Set New Price Targets

Several brokerages have weighed in on COP. 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 report on Thursday, March 12th. Raymond James Financial boosted their price objective on shares of ConocoPhillips from $113.00 to $118.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Roth Mkm downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price objective for the company. in a research note on Tuesday, February 17th. Morgan Stanley increased their target price on shares of ConocoPhillips from $108.00 to $149.00 and gave the stock an “overweight” rating in a report on Friday, March 27th. Finally, Wolfe Research raised their target price on ConocoPhillips from $122.00 to $123.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.36.

ConocoPhillips Stock Down 0.1%

Shares of ConocoPhillips stock opened at $130.37 on Monday. 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 has a 12-month low of $79.88 and a 12-month high of $135.87. The company has a market cap of $158.90 billion, a P/E ratio of 20.56, a PEG ratio of 2.53 and a beta of 0.19. The company’s fifty day simple moving average is $115.93 and its two-hundred day simple moving average is $100.48.

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

ConocoPhillips Announces Dividend

The company 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. This represents a $3.36 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, February 18th. ConocoPhillips’s payout ratio is presently 53.00%.

Insider Buying and Selling at ConocoPhillips

In related news, SVP Kelly Brunetti Rose sold 7,700 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the sale, the senior vice president directly owned 25,284 shares in the company, valued at $3,287,678.52. The trade was a 23.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nicholas G. Olds sold 6,994 shares of the company’s stock in a transaction 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 sale, the executive vice president directly owned 5,395 shares in the company, valued at approximately $685,488.70. The trade was a 56.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 734,891 shares of company stock worth $93,345,692. Insiders own 0.24% of the company’s stock.

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.