ConocoPhillips $COP Shares Purchased by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC lifted its stake in shares of ConocoPhillips (NYSE:COP) by 946.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,288 shares of the energy producer’s stock after buying an additional 40,962 shares during the quarter. Signal Advisors Wealth LLC’s holdings in ConocoPhillips were worth $5,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Foster Group Inc. grew its stake in ConocoPhillips by 7.8% in the third quarter. Foster Group Inc. now owns 23,810 shares of the energy producer’s stock worth $3,070,000 after purchasing an additional 1,719 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in ConocoPhillips by 255.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 34,802 shares of the energy producer’s stock valued at $4,355,000 after buying an additional 25,009 shares during the period. Krilogy Financial LLC lifted its position in ConocoPhillips by 39.4% during the third quarter. Krilogy Financial LLC now owns 18,310 shares of the energy producer’s stock valued at $2,291,000 after buying an additional 5,179 shares during the period. Walker Asset Management LLC boosted its holdings in shares of ConocoPhillips by 61.9% during the 3rd quarter. Walker Asset Management LLC now owns 6,399 shares of the energy producer’s stock valued at $801,000 after buying an additional 2,447 shares in the last quarter. Finally, Affinity Capital Advisors LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter valued at $375,000. 82.36% of the stock is owned by institutional investors.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Energy stocks benefited from higher oil prices linked to geopolitical tensions, including the Iran conflict. That backdrop supported ConocoPhillips and helped the stock outperform the broader market. ConocoPhillips Ramping Free Cash Flow Profile Drives Investor Interest
• Positive Sentiment: Investors are showing interest in ConocoPhillips’ growing free-cash-flow profile, which can support shareholder returns, debt management and valuation. ConocoPhillips Ramping Free Cash Flow Profile Drives Investor Interest
• Positive Sentiment: ConocoPhillips was highlighted among energy companies with an A+ profitability grade, reinforcing the view that its operating performance compares favorably with industry peers. ConocoPhillips, Chevron Among Eight Energy Stocks With A+ Profitability Grades
• Positive Sentiment: Zacks commentary identified COP as attractive from both value and growth perspectives, potentially broadening its appeal beyond oil-focused investors. Separate analysis also pointed to the possibility of an earnings surprise. Why ConocoPhillips Is a Top Value Stock for the Long-Term
• Neutral Sentiment: Recent coverage notes that COP has been trading within a range for several months. Options traders view that pattern as suitable for short-put or put-credit-spread strategies, but the setup does not provide a fundamental catalyst by itself. ConocoPhillips Stock Has Been in a Trading Range

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada set a $130.00 target price on shares of ConocoPhillips in a research report on Monday, June 22nd. Morgan Stanley boosted their price objective on shares of ConocoPhillips from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Roth Capital raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $124.00 to $130.00 in a research note on Monday, June 22nd. Jefferies Financial Group upped their price objective on shares of ConocoPhillips from $159.00 to $174.00 and gave the stock a “buy” rating in a report on Tuesday, October 6th. Finally, Barclays decreased their target price on shares of ConocoPhillips from $155.00 to $150.00 and set an “overweight” rating for the company in a research note on Monday, August 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $143.29.

Insider Buying and Selling

In related news, SVP Andrew Lundquist sold 9,487 shares of the stock in a transaction dated 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 sale, the senior vice president directly owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

ConocoPhillips Trading Up 2.5%

ConocoPhillips stock opened at $141.02 on Wednesday. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $130.48 and its two-hundred day simple moving average is $122.15. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $141.62. The company has a market capitalization of $169.42 billion, a price-to-earnings ratio of 18.65, a price-to-earnings-growth ratio of 1.41 and a beta of 0.24.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $18.79 billion. During the same period last year, the company earned $1.42 earnings per share. The company’s revenue was up 32.4% on a year-over-year basis. As a group, equities analysts predict that ConocoPhillips will post 10.84 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.84 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a yield of 2.4%. ConocoPhillips’s payout ratio is presently 44.44%.

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.