--- title: "Citizens Financial Group Inc. RI Sells 46,408 Shares of ConocoPhillips $COP" type: "News" locale: "en" url: "https://longbridge.com/en/news/296320747.md" description: "Citizens Financial Group Inc. RI reduced its stake in ConocoPhillips (COP) by 26.5% in Q2, selling 46,408 shares per SEC filings. Conversely, other institutions like Texas Capital Bank, Quent Capital, and BlackRock increased their positions. Analysts recently adjusted price targets for COP, with Susquehanna, Argus, Freedom Capital, and Wells Fargo raising theirs, while Goldman Sachs lowered its target. The stock maintains a 'Moderate Buy' consensus rating." datetime: "2026-08-19T08:00:54.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296320747.md) - [en](https://longbridge.com/en/news/296320747.md) - [zh-HK](https://longbridge.com/zh-HK/news/296320747.md) generator: "portal-rs" --- # Citizens Financial Group Inc. RI Sells 46,408 Shares of ConocoPhillips $COP Citizens Financial Group Inc. RI trimmed its stake in ConocoPhillips (NYSE:COP - Free Report) by 26.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,981 shares of the energy producer's stock after selling 46,408 shares during the period. Citizens Financial Group Inc. RI's holdings in ConocoPhillips were worth $13,409,000 as of its most recent SEC filing. Get **ConocoPhillips** alerts: - Energy Is Leading in 2026—But Are the Oil Majors Cracking? Other institutional investors and hedge funds also recently made changes to their positions in the company. Texas Capital Bank Wealth Management Services Inc raised its position in shares of ConocoPhillips by 35.1% during the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 81,430 shares of the energy producer's stock valued at $8,465,000 after buying an additional 21,151 shares during the last quarter. UNIVEST FINANCIAL Corp grew its position in ConocoPhillips by 1.6% during the second quarter. UNIVEST FINANCIAL Corp now owns 12,964 shares of the energy producer's stock worth $1,348,000 after buying an additional 198 shares in the last quarter. Quent Capital LLC increased its stake in ConocoPhillips by 38.5% during the second quarter. Quent Capital LLC now owns 4,279 shares of the energy producer's stock valued at $445,000 after acquiring an additional 1,190 shares during the period. Focused Alpha LLC bought a new position in ConocoPhillips during the second quarter valued at about $489,000. Finally, BlackRock Inc. lifted its position in shares of ConocoPhillips by 3.0% in the 2nd quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer's stock worth $9,760,436,000 after acquiring an additional 2,712,703 shares during the period. Institutional investors own 82.36% of the company's stock. ## Analyst Upgrades and Downgrades Several analysts have recently weighed in on the company. Susquehanna lifted their price objective on ConocoPhillips from $155.00 to $161.00 and gave the stock a "positive" rating in a report on Tuesday, August 11th. Argus upped their target price on ConocoPhillips from $128.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, May 15th. The Goldman Sachs Group reduced their target price on ConocoPhillips from $144.00 to $138.00 and set a "buy" rating for the company in a research report on Tuesday, June 30th. Freedom Capital upgraded shares of ConocoPhillips from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Finally, Wells Fargo & Company boosted their price target on shares of ConocoPhillips from $183.00 to $189.00 and gave the company an "overweight" rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $137.48. - 3 Energy Plays to Watch as the Sector Reacts to New Developments **Check Out Our Latest Research Report on COP** ## ConocoPhillips Price Performance ConocoPhillips stock opened at $129.82 on Wednesday. The business has a 50 day simple moving average of $114.31 and a 200 day simple moving average of $117.12. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. The company has a market capitalization of $155.96 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.40 and a beta of 0.11. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. - Oil Prices May Fall to $55 by 2026—Bad News for This Energy ETF ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share 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 for the quarter, compared to analysts' expectations of $18.79 billion. During the same period in the prior year, the business posted $1.42 earnings per share. The business's revenue was up 32.4% compared to the same quarter last year. On average, sell-side analysts forecast that ConocoPhillips will post 10.05 EPS for the current fiscal year. ## ConocoPhillips Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Monday, August 17th. ConocoPhillips's payout ratio is currently 44.44%. ## ConocoPhillips Company Profile (Free Report) 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. ## Featured Stories - Five stocks we like better than ConocoPhillips - The AI Boom Is Turning This Cable Maker Into a Stock to Watch - A Star Investor Just Trimmed Amazon—Here's What It means - Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look - Home Depot Analysts See a Path to $375 and Beyond *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.* Continue following MarketBeat Add MarketBeat as your preferred source on Google to see our latest stories in your feed. Add As Preferred Source ## Should You Invest $1,000 in ConocoPhillips Right Now? Before you consider ConocoPhillips, you'll want to hear this. 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. While ConocoPhillips currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. 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