BlackRock Amends ConocoPhillips Stake, Filing 13G/A on Dec 31, 2023
Ticker: COP · Form: SC 13G/A · Filed: Jan 31, 2024 · CIK: 1163165
| Field | Detail |
|---|---|
| Company | Conocophillips (COP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 31, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its ConocoPhillips stake as of year-end 2023.**
AI Summary
BlackRock Inc. filed an amended Schedule 13G/A on January 31, 2024, indicating its ownership of ConocoPhillips Common Stock as of December 31, 2023. This amendment, number 13, updates their previous disclosures regarding their stake in the petroleum refining company. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in ConocoPhillips' future performance, potentially influencing other investors.
Why It Matters
Large institutional ownership by firms like BlackRock can provide stability to a stock, but significant changes in their holdings can also impact market sentiment and share price.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor and does not inherently signal a high-risk event.
Analyst Insight
Investors should monitor future 13G/A filings from BlackRock to track any significant changes in their ConocoPhillips holdings, as these can sometimes precede shifts in market sentiment.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A
- ConocoPhillips (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 31, 2024 (date) — the date the SC 13G/A was filed
- Amendment No: 13 (number) — the specific amendment number for this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 13)'.
Who is the 'subject company' whose securities are being reported in this filing?
The subject company is CONOCOPHILLIPS, as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONOCOPHILLIPS'.
Who is the 'filing person' or 'reporting person' for this SC 13G/A?
The filing person is BlackRock Inc., as indicated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The date of the event which requires filing of this statement was December 31, 2023, as explicitly stated in the filing.
What is the CUSIP Number for the securities reported in this filing?
The CUSIP Number for the Common Stock of ConocoPhillips is 20825C104, as listed in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 31, 2024 regarding CONOCOPHILLIPS (COP).