Soltis Investment Advisors LLC Purchases 10,779 Shares of ConocoPhillips $COP

Soltis Investment Advisors LLC increased its position in shares of ConocoPhillips (NYSE:COP) by 56.4% in the third quarter, Holdings Channel.com reports. The firm owned 29,885 shares of the energy producer’s stock after purchasing an additional 10,779 shares during the quarter. Soltis Investment Advisors LLC’s holdings in ConocoPhillips were worth $3,740,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in COP. State Street Corp lifted its stake in ConocoPhillips by 73.2% in the second quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock worth $12,328,767,000 after purchasing an additional 50,116,727 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of ConocoPhillips during the second quarter valued at approximately $1,260,482,000. Primecap Management Co. CA bought a new position in shares of ConocoPhillips during the second quarter valued at approximately $1,204,726,000. Assenagon Asset Management S.A. grew its stake in shares of ConocoPhillips by 1,181.0% during the third quarter. Assenagon Asset Management S.A. now owns 8,172,490 shares of the energy producer’s stock valued at $1,022,787,000 after buying an additional 7,534,536 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of ConocoPhillips during the second quarter valued at approximately $716,151,000. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Performance

ConocoPhillips stock opened at $150.04 on Friday. The company has a 50 day moving average price of $135.76 and a 200-day moving average price of $120.76. 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 has a fifty-two week low of $85.57 and a fifty-two week high of $152.77. The company has a market capitalization of $180.25 billion, a PE ratio of 19.85, a P/E/G ratio of 1.45 and a beta of 0.24.

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. 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 analyst estimates of $18.79 billion. During the same quarter in the previous year, the business earned $1.42 earnings per share. ConocoPhillips’s quarterly revenue was up 32.4% on a year-over-year basis. As a group, equities analysts forecast that ConocoPhillips will post 11.42 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company 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. The ex-dividend date of this dividend was Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a yield of 2.2%. ConocoPhillips’s payout ratio is 44.44%.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices are supporting the outlook for ConocoPhillips. Brent crude is near $104 per barrel, and analysts expect strong year-over-year growth in third-quarter revenue and profit, with several indicators pointing to a potential earnings beat. ConocoPhillips to Report Q3 Earnings: What’s in the Cards?
• Positive Sentiment: The company’s strong second-quarter performance—earnings of $3.24 per share versus a $2.90 consensus estimate and revenue of $19.52 billion versus an $18.79 billion forecast—continues to support investor confidence in its upstream operations. ConocoPhillips Stock Stays Hard To Call On Strong Q2 Earnings
• Positive Sentiment: COP recently reclaimed its 50-day moving average, a technical signal that suggests improving short-term momentum. The stock has also substantially outperformed over the past five years. ConocoPhillips Just Reclaimed the 50-Day Moving Average
• Neutral Sentiment: Analysts and valuation screens remain constructive, describing ConocoPhillips as a value stock with expected earnings growth. Piper Sandler has initiated coverage, while the reported average price target of $145 is below the current trading level, suggesting limited near-term upside from consensus targets. Piper Sandler Initiates Coverage on ConocoPhillips
• Negative Sentiment: Momentum indicators warn that COP, along with other major energy stocks, is overbought after its recent rally, raising the risk of profit-taking or a pullback. Top 3 Energy Stocks You May Want To Dump In Q4
• Negative Sentiment: Investors are questioning whether COP’s valuation and multiyear share-price gains are fully supported by sustainable earnings. Comparisons with Chevron and EOG Resources also highlight concerns about how ConocoPhillips’ dividend could perform if oil prices weaken. ConocoPhillips vs. EOG Resources
• Negative Sentiment: Reported job cuts in Alberta signal potential cost pressures and a softer operating environment in parts of the Canadian oil patch. Separately, rising interest rates could weigh on risk assets and compress valuations for cyclical energy producers.

Analyst Ratings Changes

COP has been the topic of several recent analyst reports. William Blair began coverage on ConocoPhillips in a report on Wednesday. They issued a “market perform” rating on the stock. Argus boosted their price objective on ConocoPhillips from $136.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday, August 19th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $157.00 price objective on shares of ConocoPhillips in a research report on Tuesday, October 20th. Weiss Ratings upgraded ConocoPhillips from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, September 29th. Finally, Mizuho decreased their target price on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $145.00.

Insiders Place Their Bets

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $135.15, for a total value 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 represents a 49.72% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by company insiders.

ConocoPhillips Company Profile

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

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.