Heritage Investors Management Corp lowered its stake in ConocoPhillips (NYSE:COP - Free Report) by 4.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 189,417 shares of the energy producer's stock after selling 9,615 shares during the quarter. Heritage Investors Management Corp's holdings in ConocoPhillips were worth $19,692,000 as of its most recent filing with the Securities & Exchange Commission.

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A number of other hedge funds have also added to or reduced their stakes in COP. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of ConocoPhillips in the fourth quarter valued at approximately $25,000. Strive Asset Management LLC bought a new stake in ConocoPhillips during the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC increased its holdings in ConocoPhillips by 151.0% during the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer's stock worth $32,000 after acquiring an additional 145 shares during the period. Allied Private Wealth LLC purchased a new stake in ConocoPhillips in the 2nd quarter worth approximately $32,000. Finally, BNP Paribas purchased a new stake in ConocoPhillips in the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 82.36% of the company's stock.

ConocoPhillips Price Performance

COP stock opened at $126.67 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The stock has a market cap of $152.17 billion, a PE ratio of 16.75, a P/E/G ratio of 1.40 and a beta of 0.11. The firm has a 50 day simple moving average of $113.88 and a two-hundred day simple moving average of $116.60.

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ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.34. The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business's revenue for the quarter was up 32.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.42 EPS. On average, analysts predict that ConocoPhillips will post 10.05 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a $0.84 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.36 annualized dividend and a yield of 2.7%. ConocoPhillips's payout ratio is 44.44%.

More ConocoPhillips News

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Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Traders purchased 68,293 call options on Friday, roughly 339% above the average daily call volume of 15,545. The unusually high call activity signals increased speculative and potentially bullish interest in COP.
• Positive Sentiment: ConocoPhillips reported record Permian production and generated approximately $4.2 billion in second-quarter free cash flow. Management discussed using its financial strength to support expansion in Iraq and liquefied natural gas, which could improve future production and cash generation. ConocoPhillips Q2 2026 Earnings Call Transcript
• Positive Sentiment: The Coyote 3SX project on Alaska’s North Slope has achieved first oil. The start-up adds production from a project that received approximately $800 million in funding and reinforces COP’s growth outlook. ConocoPhillips Alaska’s Coyote 3SX Project Achieves First Oil
• Positive Sentiment: Rising oil prices amid tensions around the Strait of Hormuz are providing a favorable commodity-price backdrop for COP, whose earnings and cash flow remain sensitive to oil prices. Why ConocoPhillips Is in Focus as Oil Climbs on Hormuz Tensions
• Positive Sentiment: Susquehanna forecast strong price appreciation for COP, adding to the positive analyst outlook. Susquehanna Forecasts Strong Price Appreciation for ConocoPhillips
• Neutral Sentiment: Brokerages maintain an average “Moderate Buy” recommendation, indicating constructive but not overwhelmingly bullish institutional sentiment. ConocoPhillips Given Average Recommendation of Moderate Buy
• Neutral Sentiment: A broader LNG investment wave involving Qatar, the United States and Argentina may support the long-term market for gas producers, although the article does not announce a new COP project. Five LNG Megaprojects Poised to Power the Next Gas Boom

Analyst Ratings Changes

Several brokerages have commented on COP. Mizuho cut their price target on shares of ConocoPhillips from $150.00 to $146.00 and set an "outperform" rating for the company in a report on Tuesday, July 7th. Capital One Financial decreased their price target on shares of ConocoPhillips from $156.00 to $154.00 and set an "equal weight" rating on the stock in a report on Monday, May 18th. Wells Fargo & Company increased their price objective on ConocoPhillips from $183.00 to $189.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Roth Capital raised ConocoPhillips from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $124.00 to $130.00 in a research note on Monday, June 22nd. Finally, UBS Group boosted their target price on ConocoPhillips from $143.00 to $153.00 and gave the stock a "buy" rating in a research report on Wednesday. One equities 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $137.68.

Check Out Our Latest Research Report on ConocoPhillips

ConocoPhillips 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.

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