MRA Advisory Group Sells 6,795 Shares of ConocoPhillips $COP

MRA Advisory Group decreased its position in ConocoPhillips (NYSE:COP) by 63.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,877 shares of the energy producer’s stock after selling 6,795 shares during the quarter. MRA Advisory Group’s holdings in ConocoPhillips were worth $485,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Patten Group Inc. grew its position in shares of ConocoPhillips by 1.5% during the first quarter. Patten Group Inc. now owns 5,447 shares of the energy producer’s stock worth $719,000 after acquiring an additional 83 shares during the last quarter. IFC Advisors LLC grew its position in ConocoPhillips by 0.4% during the 1st quarter. IFC Advisors LLC now owns 20,182 shares of the energy producer’s stock worth $2,664,000 after purchasing an additional 84 shares during the last quarter. Cornerstone Planning Group LLC increased its stake in ConocoPhillips by 9.6% in the first quarter. Cornerstone Planning Group LLC now owns 1,006 shares of the energy producer’s stock valued at $124,000 after purchasing an additional 88 shares during the period. Blue Trust Inc. raised its holdings in shares of ConocoPhillips by 0.4% in the first quarter. Blue Trust Inc. now owns 21,144 shares of the energy producer’s stock valued at $2,791,000 after buying an additional 92 shares during the last quarter. Finally, Sigma Planning Corp boosted its stake in shares of ConocoPhillips by 0.6% during the first quarter. Sigma Planning Corp now owns 16,062 shares of the energy producer’s stock worth $2,120,000 after buying an additional 94 shares during the period. 82.36% of the stock is owned by institutional investors.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips signed a 20-year agreement to purchase 1 million metric tons of LNG annually from Venture Global beginning in 2030. The deal expands COP’s long-term gas exposure and could support future cash flow, contributing to an estimate that the shares may be undervalued. ConocoPhillips Could Be 11% Undervalued Following New 20 Year LNG Deal
• Positive Sentiment: Management is reportedly reviewing the sale of its Norway business and UK Teesside assets, potentially valued at approximately $7 billion. A transaction could simplify the portfolio, increase capital flexibility and provide funds for shareholder returns or higher-return investments. ConocoPhillips Reviews Norway Business and UK Teesside Asset Divestment
• Positive Sentiment: Mizuho analyst Nitin Kumar reiterated a Buy rating and a $146 NAV-based price target, citing near-term earnings strength and longer-term LNG-driven cash-flow potential. Analyst Reiterates Buy on ConocoPhillips
• Neutral Sentiment: ConocoPhillips’ chairman said the long-term floor for oil prices could rise toward $70 per barrel. That would support producer cash flows, although the comment is an outlook rather than a new company-specific financial forecast. ConocoPhillips Chairman Sees Oil Price Floor Rising Toward $70
• Neutral Sentiment: Recent valuation articles compare COP with Cactus (WHD), while another compares COP’s performance with Calumet (CLMT) and the broader oil-and-energy group. These are relative-investment analyses and do not introduce a new operating catalyst. COP or WHD: Which Is the Better Value Stock Right Now?
• Negative Sentiment: The recent monthly share-price decline indicates near-term momentum has weakened after a strong year-to-date advance. In addition, potential asset sales remain under review, and management’s comments that Venezuela and Russia need greater stability and fair fiscal terms highlight geopolitical and investment uncertainties. ConocoPhillips Discusses Conditions for Investors to Return

ConocoPhillips Price Performance

ConocoPhillips stock traded down $0.47 during midday trading on Wednesday, reaching $128.88. The company’s stock had a trading volume of 1,904,240 shares, compared to its average volume of 8,130,194. The firm has a market capitalization of $154.83 billion, a PE ratio of 17.06, a P/E/G ratio of 1.35 and a beta of 0.24. ConocoPhillips has a fifty-two week low of $85.57 and a fifty-two week high of $141.62. The stock’s 50 day simple moving average is $128.85 and its 200 day simple moving average is $121.88. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. The business had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business’s revenue was up 32.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.42 EPS. On average, equities research analysts forecast that ConocoPhillips will post 10.54 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th 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 was Monday, August 17th. ConocoPhillips’s dividend payout ratio is presently 44.44%.

Wall Street Analyst Weigh In

Several research firms have commented on COP. Argus upped their price objective on ConocoPhillips from $136.00 to $153.00 and gave the company a “buy” rating in a research note on Wednesday, August 19th. Roth Capital raised ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their target price for the company from $124.00 to $130.00 in a report on Monday, June 22nd. Stifel Nicolaus assumed coverage on ConocoPhillips in a report on Thursday, September 10th. They set a “hold” rating and a $148.00 price target for the company. Barclays dropped their price objective on shares of ConocoPhillips from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $174.00 price target on shares of ConocoPhillips in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus target price of $143.29.

Insider Transactions at ConocoPhillips

In other news, SVP Andrew Lundquist sold 9,487 shares of ConocoPhillips stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the completion of the sale, the senior vice president directly owned 9,593 shares in the company, valued at approximately $1,296,493.95. This trade represents a 49.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.09% of the company’s stock.

ConocoPhillips Profile

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing crude oil, natural gas, natural gas liquids and liquefied natural gas. Unlike integrated energy companies, ConocoPhillips focuses primarily on upstream activities rather than refining and retail fuel operations.

The company has a diversified portfolio of assets in major producing regions, including the United States, Canada, Australia, Norway and Qatar. Its U.S. operations include oil and gas developments in Alaska and the Lower 48 states, while its international portfolio includes conventional and offshore projects.