Savvy Advisors Inc. Purchases 5,404 Shares of ConocoPhillips $COP

Savvy Advisors Inc. increased its position in shares of ConocoPhillips (NYSE:COP) by 28.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,271 shares of the energy producer’s stock after buying an additional 5,404 shares during the period. Savvy Advisors Inc.’s holdings in ConocoPhillips were worth $2,272,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Guggenheim Capital LLC boosted its stake in shares of ConocoPhillips by 12.2% during the second quarter. Guggenheim Capital LLC now owns 58,793 shares of the energy producer’s stock valued at $5,276,000 after purchasing an additional 6,386 shares in the last quarter. Marshall Wace LLP raised its stake in ConocoPhillips by 125.1% in the second quarter. Marshall Wace LLP now owns 684,996 shares of the energy producer’s stock worth $61,472,000 after buying an additional 380,744 shares in the last quarter. Brown Advisory Inc. raised its stake in ConocoPhillips by 5.5% in the second quarter. Brown Advisory Inc. now owns 123,278 shares of the energy producer’s stock worth $11,063,000 after buying an additional 6,390 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in ConocoPhillips by 1.4% during the second quarter. Cresset Asset Management LLC now owns 59,607 shares of the energy producer’s stock worth $5,349,000 after buying an additional 831 shares during the period. Finally, StoneX Group Inc. boosted its position in ConocoPhillips by 510.5% during the 2nd quarter. StoneX Group Inc. now owns 29,285 shares of the energy producer’s stock valued at $2,628,000 after acquiring an additional 24,488 shares in the last quarter. 82.36% of the stock is currently owned by 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

Insider Buying and Selling

In other ConocoPhillips news, SVP Andrew D. Lundquist sold 34,500 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were 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 of the company’s stock, valued at approximately $2,090,689.92. This trade represents a 66.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Nicholas G. Olds sold 6,994 shares of ConocoPhillips stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $127.06, for a total transaction of $888,657.64. Following the sale, the executive vice president owned 5,395 shares of the company’s stock, valued at $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. Insiders sold 734,891 shares of company stock worth $93,345,692 over the last ninety days. Company insiders own 0.24% of the company’s stock.

ConocoPhillips Trading Down 0.1%

Shares of NYSE:COP opened at $130.37 on Monday. The business’s 50-day moving average is $115.93 and its 200 day moving average is $100.48. ConocoPhillips has a 1 year low of $79.88 and a 1 year high of $135.87. The firm has a market capitalization of $158.90 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.53 and a beta of 0.19. 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 issued its quarterly earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.21). ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The business had revenue of $13.86 billion during the quarter, compared to analyst estimates of $14.35 billion. During the same period in the prior year, the business posted $1.98 EPS. ConocoPhillips’s revenue was down 3.7% compared to the same quarter last year. On average, research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 18th were paid a $0.84 dividend. The ex-dividend date was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a yield of 2.6%. ConocoPhillips’s dividend payout ratio (DPR) is 53.00%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COP. Sanford C. Bernstein cut their price target on ConocoPhillips from $116.00 to $98.00 and set an “outperform” rating on the stock in a report on Monday, January 5th. JPMorgan Chase & Co. lifted their target price on ConocoPhillips from $98.00 to $103.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Capital One Financial increased their price target on shares of ConocoPhillips from $116.00 to $156.00 and gave the company an “equal weight” rating in a research report on Thursday, March 26th. Morgan Stanley raised their price target on shares of ConocoPhillips from $108.00 to $149.00 and gave the company an “overweight” rating in a report on Friday, March 27th. Finally, Scotiabank raised shares of ConocoPhillips to a “hold” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and an average price target of $124.36.

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.