<div id="readability-page-1"><p>Thrivent Financial for Lutherans grew its holdings in shares of  ConocoPhillips (NYSE:COP - Free Report) by 21.5% in the second quarter, according to its most recent disclosure with the Securities &amp; Exchange Commission. The firm owned 2,120,352 shares of the energy producer's stock after purchasing an additional 374,569 shares during the quarter. Thrivent Financial for Lutherans owned about 0.17% of ConocoPhillips worth $190,285,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>ConocoPhillips</strong> alerts:</span></p></div><ul><li>Oil Prices May Fall to $55 by 2026—Bad News for This Energy ETF</li></ul><p>Several other hedge funds and other institutional investors also recently modified their holdings of COP. Howard Hughes Medical Institute bought a new position in shares of  ConocoPhillips in the second quarter worth $25,000.  Bogart Wealth LLC boosted its holdings in  ConocoPhillips by 136.8% in the 2nd quarter. Bogart Wealth LLC now owns 315 shares of the energy producer's stock valued at $28,000 after purchasing an additional 182 shares during the period.  Activest Wealth Management increased its holdings in shares of  ConocoPhillips by 249.5% in the second quarter. Activest Wealth Management now owns 325 shares of the energy producer's stock worth $29,000 after purchasing an additional 232 shares during the period.  BNP Paribas purchased a new stake in shares of  ConocoPhillips in the second quarter worth $33,000.  Finally, Traub Capital Management LLC bought a new stake in  ConocoPhillips during the second quarter valued at $38,000. Institutional investors own  82.36% of the company's stock. </p><h2>ConocoPhillips Stock Performance</h2><p>Shares of COP stock opened at $95.58 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $106.20. The stock has a fifty day moving average of $89.57 and a 200 day moving average of $92.12. The firm has a market capitalization of $118.11 billion, a price-to-earnings ratio of 13.52, a PEG ratio of 2.16 and a beta of 0.32. </p><ul><li>3 Energy Giants Amp Up Dividends—Here’s What It Means for Investors</li></ul><p>ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The energy producer reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.41 by $0.20. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The business had revenue of $15.03 billion for the quarter, compared to analysts' expectations of $14.51 billion. During the same quarter in the prior year, the company earned $1.78 earnings per share. The business's revenue was up 14.1% compared to the same quarter last year.  As a group, research analysts expect that  ConocoPhillips will post 8.16 earnings per share for the current year. </p><h2>ConocoPhillips Increases Dividend</h2><p>The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 3.5%. This is a positive change from ConocoPhillips's previous quarterly dividend of $0.78. The ex-dividend date was Monday, November 17th. ConocoPhillips's payout ratio is currently 47.52%. </p><h2>Insider Transactions at ConocoPhillips</h2><ul><li>Dividend ETF SCHD Draws Buyers as Fed Cuts Spark Rotation</li></ul><p>In other news, Director William H. Mcraven purchased 5,768 shares of the business's stock in a transaction on Monday, November 10th. The stock was acquired at an average cost of $86.68 per share, for a total transaction of $499,970.24. Following the purchase, the director directly owned 5,768 shares in the company, valued at $499,970.24. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is accessible through this link. Insiders own  0.24% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>COP has been the subject of a number of research analyst reports. Capital One Financial lifted their price target on ConocoPhillips from $111.00 to $112.00 in a research report on Friday, October 3rd. Wolfe Research  reiterated an &#34;outperform&#34; rating and issued a $131.00 price objective on shares of ConocoPhillips in a report on Thursday, November 6th. JPMorgan Chase &amp; Co. decreased their price objective on ConocoPhillips from $112.00 to $102.00 and set an &#34;overweight&#34; rating on the stock in a report on Monday, December 8th. Weiss Ratings  reissued a &#34;hold (c-)&#34; rating on shares of ConocoPhillips in a research note on Monday, December 8th. Finally, Susquehanna reduced their target price on shares of ConocoPhillips to $113.00 and set a &#34;positive&#34; rating on the stock in a report on Monday, October 20th. Nineteen analysts have rated the stock with a Buy rating and seven have issued  a Hold rating to the stock. Based on data from MarketBeat, ConocoPhillips presently has an average rating of &#34;Moderate Buy&#34; and an average target price of $114.54.</p><p><b>Read Our Latest Report on ConocoPhillips</b></p><h2>ConocoPhillips Profile</h2> (Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than ConocoPhillips</li><li>Growth Investing: Should You Adopt This Investing Strategy in 2022?</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li><li>Unveiling The Power Of VWAP: A Key Indicator For Traders</li><li>Why Amazon Could Be a $300 Stock Within Weeks</li><li>How to trade penny stocks: A step-by-step guide</li><li>Adobe Gets Post-Earnings Lift: Long-Term Outlook Favors Upside</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNPUA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUNPUA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in ConocoPhillips Right Now?</h2><p>Before you consider ConocoPhillips, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ConocoPhillips wasn't on the list.</p><p>While ConocoPhillips currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Thrivent Financial for Lutherans increased its holdings in ConocoPhillips by 21.5% in Q2, owning 2,120,352 shares valued at $190.3 million. Several other institutional investors also modified their holdings. ConocoPhillips reported Q3 earnings of $1.61 per share, exceeding estimates, with revenue up 14.1% year-over-year. The company increased its quarterly dividend to $0.84 per share. Analysts have set new price targets for the stock, with mixed ratings from various firms.</p>

Thrivent Financial for Lutherans Increases Stake in ConocoPhillips $COP