ConocoPhillips (NYSE:COP) Shares Unloaded Sen. Markwayne Mullin

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of ConocoPhillips (NYSE:COP). In a filing disclosed on May 12th, the Senator disclosed that they had sold between $15,001 and $50,000 in ConocoPhillips stock on April 8th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Texas Instruments (NASDAQ:TXN) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of CSX (NASDAQ:CSX) on 4/8/2025.
• Sold $50,001 – $100,000 in shares of Lam Research (NASDAQ:LRCX) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Chevron (NYSE:CVX) on 4/8/2025.
• Sold $50,001 – $100,000 in shares of Thermo Fisher Scientific (NYSE:TMO) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Zoetis (NYSE:ZTS) on 4/8/2025.
• Sold $50,001 – $100,000 in shares of Applied Materials (NASDAQ:AMAT) on 4/8/2025.
• Sold $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 4/8/2025.
• Sold $50,001 – $100,000 in shares of Valero Energy (NYSE:VLO) on 4/8/2025.
• Purchased $15,001 – $50,000 in shares of Capital One Financial (NYSE:COF) on 3/19/2025.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $92.72 on Thursday. The company has a market cap of $117.21 billion, a P/E ratio of 11.90, a P/E/G ratio of 0.79 and a beta of 0.64. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.36. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $122.11. The business has a fifty day simple moving average of $93.29 and a 200-day simple moving average of $99.20.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, May 8th. The energy producer reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.04. The business had revenue of $16.18 billion during the quarter, compared to the consensus estimate of $15.74 billion. ConocoPhillips had a return on equity of 17.26% and a net margin of 16.23%. During the same quarter in the previous year, the business earned $2.05 earnings per share. Equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Monday, May 19th will be given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date is Monday, May 19th. ConocoPhillips’s dividend payout ratio is currently 39.64%.

Institutional Trading of ConocoPhillips

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Truvestments Capital LLC increased its position in shares of ConocoPhillips by 21.0% during the first quarter. Truvestments Capital LLC now owns 785 shares of the energy producer’s stock worth $82,000 after acquiring an additional 136 shares during the last quarter. B. Metzler seel. Sohn & Co. AG increased its position in shares of ConocoPhillips by 23.1% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 80,387 shares of the energy producer’s stock worth $8,442,000 after acquiring an additional 15,064 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in shares of ConocoPhillips by 14.2% during the first quarter. Transamerica Financial Advisors LLC now owns 15,041 shares of the energy producer’s stock worth $1,580,000 after acquiring an additional 1,873 shares during the last quarter. CreativeOne Wealth LLC increased its position in shares of ConocoPhillips by 15.4% during the first quarter. CreativeOne Wealth LLC now owns 26,495 shares of the energy producer’s stock worth $2,783,000 after acquiring an additional 3,544 shares during the last quarter. Finally, Ieq Capital LLC increased its position in shares of ConocoPhillips by 93.9% during the first quarter. Ieq Capital LLC now owns 170,643 shares of the energy producer’s stock worth $17,921,000 after acquiring an additional 82,616 shares during the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COP has been the subject of a number of recent analyst reports. Piper Sandler lowered their price objective on ConocoPhillips from $114.00 to $107.00 and set an “overweight” rating for the company in a research report on Tuesday. TD Cowen started coverage on ConocoPhillips in a report on Friday, January 17th. They issued a “buy” rating and a $125.00 target price on the stock. UBS Group reduced their target price on ConocoPhillips from $116.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company reduced their target price on ConocoPhillips from $116.00 to $113.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. reduced their target price on ConocoPhillips from $127.00 to $115.00 and set an “overweight” rating on the stock in a report on Thursday, March 13th. Three research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and an average target price of $122.74.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

ConocoPhillips Company Profile

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids in the United States, Canada, China, Libya, Malaysia, Norway, the United Kingdom, and internationally. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; global LNG developments; oil sands assets in Canada; and an inventory of global exploration prospects.