17,000 Shares in ConocoPhillips $COP Acquired by Encore Global Management LP

Encore Global Management LP purchased a new stake in ConocoPhillips (NYSE:COP) in the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 17,000 shares of the energy producer’s stock, valued at approximately $1,767,000. ConocoPhillips accounts for 1.7% of Encore Global Management LP’s holdings, making the stock its 25th largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in ConocoPhillips by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 120,251,183 shares of the energy producer’s stock worth $11,256,713,000 after buying an additional 408,304 shares during the period. BlackRock Inc. boosted its position in shares of ConocoPhillips by 3.0% in the second quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer’s stock valued at $9,760,436,000 after acquiring an additional 2,712,703 shares during the period. Capital International Investors grew its stake in shares of ConocoPhillips by 5.9% in the fourth quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock valued at $4,527,230,000 after acquiring an additional 2,714,663 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ConocoPhillips by 6.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock valued at $3,880,151,000 after acquiring an additional 2,350,645 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in ConocoPhillips by 4.5% during the fourth quarter. Franklin Resources Inc. now owns 15,038,675 shares of the energy producer’s stock worth $1,407,770,000 after acquiring an additional 648,432 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips reported adjusted earnings of $3.24 per share, exceeding the $2.90 consensus estimate, while revenue reached $19.52 billion. The company also generated $7.2 billion in operating cash flow, doubled share repurchases and declared an $0.84 quarterly dividend, reinforcing confidence in cash generation and shareholder returns. ConocoPhillips Beats Earnings and Names New CEO
• Positive Sentiment: Higher crude prices have supported a broader energy-sector rally and improved the near-term earnings outlook for upstream producers such as COP. Analysts have also issued mostly favorable ratings, with a reported median price target of $146. ConocoPhillips Gains as Higher Oil Prices Add to Post-Earnings Momentum
• Positive Sentiment: Investors see additional upside if the company successfully executes its LNG strategy and Willow development. One analysis estimates COP could be approximately 6% below fair value under that growth scenario. ConocoPhillips Could Be 6% Below Fair Value If LNG and Willow Deliver
• Neutral Sentiment: Management is undergoing succession changes, including CEO Ryan Lance’s retirement and internal finance leadership appointments. The insider promotions provide continuity, but investors will monitor whether the new leadership maintains disciplined capital allocation. ConocoPhillips Gives Finance Chief Role to Insider
• Negative Sentiment: After its sharp advance, COP trades at a premium valuation, increasing sensitivity to oil prices and execution. Recent disclosures also show substantial insider selling, which could temper enthusiasm even though institutional and analyst activity remains broadly supportive. Is ConocoPhillips Stock a Buy as Growth Meets a Premium Valuation?

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Truist Financial lifted their price target on shares of ConocoPhillips from $115.00 to $130.00 and gave the company a “hold” rating in a research report on Monday, August 10th. Barclays lowered their price objective on ConocoPhillips from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday. Mizuho dropped their price objective on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. The Goldman Sachs Group cut their target price on ConocoPhillips from $144.00 to $138.00 and set a “buy” rating for the company in a research report on Tuesday, June 30th. Finally, Jefferies Financial Group increased their target price on ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus price target of $139.21.

ConocoPhillips Stock Performance

NYSE COP opened at $135.45 on Friday. The firm’s fifty day moving average price is $115.30 and its two-hundred day moving average price is $117.66. The stock has a market cap of $162.72 billion, a PE ratio of 17.92, a PEG ratio of 1.43 and a beta of 0.11. ConocoPhillips has a fifty-two week low of $85.57 and a fifty-two week high of $135.88. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same period last year, the firm posted $1.42 earnings per share. The business’s revenue for the quarter was up 32.4% on a year-over-year basis. On average, equities analysts expect that ConocoPhillips will post 10.46 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given a dividend of $0.84 per share. The ex-dividend date is Monday, August 17th. This represents a $3.36 annualized dividend and a dividend yield of 2.5%. ConocoPhillips’s dividend payout ratio is 44.44%.

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.