Canada Post Corp Registered Pension Plan Purchases 18,534 Shares of ConocoPhillips $COP

Canada Post Corp Registered Pension Plan boosted its position in shares of ConocoPhillips (NYSE:COP) by 59.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,676 shares of the energy producer’s stock after purchasing an additional 18,534 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in ConocoPhillips were worth $4,650,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in ConocoPhillips during the 3rd quarter valued at about $26,000. KERR FINANCIAL PLANNING Corp bought a new position in ConocoPhillips during the 3rd quarter valued at about $28,000. Board of the Pension Protection Fund bought a new position in ConocoPhillips during the 4th quarter valued at about $28,000. Strive Asset Management LLC bought a new position in ConocoPhillips in the 3rd quarter valued at $28,000. Finally, BNP Paribas bought a new position in ConocoPhillips in the 2nd quarter valued at $33,000. 82.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Mizuho lifted their price objective on ConocoPhillips from $121.00 to $136.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Royal Bank Of Canada lifted their price objective on ConocoPhillips from $118.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Jefferies Financial Group lifted their price objective on ConocoPhillips from $129.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, April 13th. Piper Sandler lifted their price objective on ConocoPhillips from $154.00 to $157.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, Scotiabank lifted their price objective on ConocoPhillips from $100.00 to $125.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and an average price target of $133.16.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Argus raised its price target on ConocoPhillips to $136 from $128 and kept a Buy rating, signaling more upside potential for the shares. MarketScreener
• Positive Sentiment: Scotiabank lifted FY2026 and FY2027 earnings estimates for ConocoPhillips, reflecting improved expectations for the company’s profitability. MarketBeat report
• Positive Sentiment: Norway approved redevelopment plans for the Greater Ekofisk area, and ConocoPhillips also signed an offshore exploration memorandum of understanding in Syria, which could support future reserve and production growth. Yahoo Finance
• Positive Sentiment: Energy stocks broadly moved higher as oil prices stayed firm, which tends to improve sentiment for upstream producers like ConocoPhillips. Yahoo Finance sector update
• Neutral Sentiment: ConocoPhillips’ Q1 earnings-related coverage focused on comparing revenue, EPS, and key metrics with Wall Street estimates, with no major surprise highlighted in the summary provided. Zacks
• Neutral Sentiment: Shareholders approved board governance and auditors at the annual meeting, removing a routine governance overhang but not changing the core investment outlook. TipRanks

Insider Activity

In other ConocoPhillips news, SVP Heather G. Hrap sold 2,654 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $119.68, for a total transaction of $317,630.72. Following the completion of the sale, the senior vice president directly owned 5,663 shares of the company’s stock, valued at approximately $677,747.84. The trade was a 31.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Michael Lance sold 113,221 shares of the business’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $132.71, for a total value of $15,025,558.91. Following the sale, the chief executive officer directly owned 350,000 shares of the company’s stock, valued at $46,448,500. This represents a 24.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 734,891 shares of company stock worth $93,345,692. Corporate insiders own 0.09% of the company’s stock.

ConocoPhillips Price Performance

Shares of COP stock opened at $122.36 on Friday. ConocoPhillips has a 1 year low of $84.28 and a 1 year high of $135.87. The firm’s 50 day moving average is $123.07 and its 200-day moving average is $106.25. The firm has a market capitalization of $149.07 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 1.41 and a beta of 0.14. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.17. The company had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.09 earnings per share. Sell-side analysts forecast that ConocoPhillips will post 9.66 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, May 11th. ConocoPhillips’s payout ratio is currently 57.05%.

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.