ConocoPhillips $COP Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its position in shares of ConocoPhillips (NYSE:COP) by 4.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,723,423 shares of the energy producer’s stock after selling 118,269 shares during the quarter. California Public Employees Retirement System owned about 0.22% of ConocoPhillips worth $257,609,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in COP. Capital International Investors boosted its holdings in shares of ConocoPhillips by 18.2% in the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock valued at $4,318,239,000 after acquiring an additional 7,037,873 shares during the period. Primecap Management Co. CA increased its holdings in shares of ConocoPhillips by 66.0% in the 2nd quarter. Primecap Management Co. CA now owns 7,883,455 shares of the energy producer’s stock valued at $707,461,000 after acquiring an additional 3,135,315 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of ConocoPhillips by 31.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock valued at $966,267,000 after acquiring an additional 2,575,803 shares during the period. First Trust Advisors LP raised its position in ConocoPhillips by 146.6% in the 2nd quarter. First Trust Advisors LP now owns 2,315,757 shares of the energy producer’s stock valued at $207,816,000 after purchasing an additional 1,376,509 shares during the last quarter. Finally, Laurel Wealth Advisors LLC raised its position in ConocoPhillips by 8,148.3% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 917,788 shares of the energy producer’s stock valued at $82,362,000 after purchasing an additional 906,661 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Trading Up 1.5%

Shares of COP opened at $122.00 on Monday. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $122.50. The company has a current ratio of 1.30, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $150.76 billion, a P/E ratio of 19.24, a PEG ratio of 2.89 and a beta of 0.27. The firm’s 50-day moving average is $106.62 and its two-hundred day moving average is $96.93.

ConocoPhillips (NYSE:COP) last announced its quarterly 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). The firm had revenue of $13.86 billion during 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 company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.98 EPS. On average, research analysts predict 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. Investors of record on Wednesday, February 18th were given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio (DPR) is currently 53.00%.

Insider Activity at ConocoPhillips

In related news, SVP Kelly Brunetti Rose sold 8,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $118.04, for a total transaction of $1,003,340.00. Following the transaction, the senior vice president owned 32,984 shares of the company’s stock, valued at approximately $3,893,431.36. This represents a 20.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Michael Lance sold 500,708 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $92.50, for a total value of $46,315,490.00. Following the transaction, the chief executive officer directly owned 325,972 shares in the company, valued at approximately $30,152,410. This represents a 60.57% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 549,208 shares of company stock valued at $52,070,430. 0.24% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on COP shares. Sanford C. Bernstein lowered their price objective on shares of ConocoPhillips from $116.00 to $98.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. UBS Group increased their target price on shares of ConocoPhillips from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Wall Street Zen raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Citigroup boosted their price target on ConocoPhillips from $125.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Raymond James Financial increased their price objective on ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $119.33.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher crude and geopolitical risk are drawing investor attention to major producers, lifting the sector and COP in particular. Oil Price Back to the Glory Days
• Positive Sentiment: Piper Sandler raised its price target on COP to $154 and set an “overweight” rating, implying significant upside from current levels — a formal analyst endorsement that can support buyer interest. Piper Sandler PT Raise
• Positive Sentiment: TheStreet highlights that while oil-price swings move the stock, the bigger long-term catalyst may be ConocoPhillips’ internal execution — cash returns, portfolio optimization and disciplined capex — which investors view as durable value drivers. Oil’s whiplash is powering ConocoPhillips
• Neutral Sentiment: Broader commentary notes a sector rotation into energy as crude recovers; this macro interest helps COP but increases reliance on commodity moves rather than idiosyncratic stock drivers. Energy is no longer dead money
• Negative Sentiment: An insider sale — a ConocoPhillips director sold roughly $4.75M of stock — is being reported and can be viewed as a near-term caution for some investors. Insider Selling
• Negative Sentiment: Recent quarterly results missed estimates (EPS and revenue), reminding investors that higher oil prices need to translate into consistent operational and earnings improvement to sustain multiple expansion.

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.