Arizona State Retirement System Reduces Stock Position in ConocoPhillips $COP

Key Points

• Arizona State Retirement System trimmed its stake in ConocoPhillips by 4.7%, selling 17,269 shares and leaving it with 351,399 shares valued at about $32.89 million per its latest SEC filing.
• Insiders have sold 734,891 shares worth $93.35 million in the past three months, including notable reductions by SVP Heather H. Hrap and EVP Nicholas G. Olds that materially cut their holdings.
• Wall Street sentiment is broadly positive with a consensus "Moderate Buy" and an average target of $131.36; COP trades around $124.51 and yields about 2.7% after recent analyst price-target upgrades.

Arizona State Retirement System reduced its holdings in ConocoPhillips (NYSE:COP - Free Report) by 4.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 351,399 shares of the energy producer's stock after selling 17,269 shares during the period. Arizona State Retirement System's holdings in ConocoPhillips were worth $32,894,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cloud Capital Management LLC purchased a new position in ConocoPhillips during the third quarter worth $26,000. Strive Asset Management LLC purchased a new position in ConocoPhillips during the third quarter worth $28,000. Board of the Pension Protection Fund purchased a new position in ConocoPhillips during the 4th quarter valued at $28,000. Cedar Mountain Advisors LLC boosted its holdings in ConocoPhillips by 58.0% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer's stock valued at $30,000 after acquiring an additional 116 shares during the period. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in ConocoPhillips during the 3rd quarter valued at $28,000. 82.36% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wall Street Zen upgraded ConocoPhillips from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. Roth Mkm cut ConocoPhillips from a "buy" rating to a "neutral" rating and set a $112.00 price objective for the company. in a report on Tuesday, February 17th. Royal Bank Of Canada boosted their price objective on ConocoPhillips from $118.00 to $152.00 and gave the company an "outperform" rating in a report on Wednesday, April 8th. Piper Sandler boosted their price objective on ConocoPhillips from $154.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, April 8th. Finally, Sanford C. Bernstein boosted their price objective on ConocoPhillips from $98.00 to $121.00 and gave the company an "outperform" rating in a report on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $131.36.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Several outlets highlight that ConocoPhillips is positioned to beat Q1 estimates based on current indicators, supporting near-term upside into the report. ConocoPhillips (COP) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
• Positive Sentiment: Susquehanna published a bullish note forecasting strong price appreciation for COP, which can attract momentum flows and buyer interest. Susquehanna Forecasts Strong Price Appreciation for ConocoPhillips NYSE: COP Stock
• Positive Sentiment: Scotiabank raised its price target from $100 to $125 (sector perform), reflecting an upgraded view that supports valuation and could reduce near-term downside. Scotiabank price target raise
• Positive Sentiment: Relative-comparison pieces favor COP over Occidental on metrics like ROE, lower leverage and dividend yield, reinforcing COP's appeal vs. peers for yield/value-seeking investors. Occidental vs. ConocoPhillips: Which Energy Stock Has More Upside?
• Neutral Sentiment: ISS (proxy advisor) urged shareholders to vote for an independent board chair — a governance development that increases scrutiny of management but has uncertain immediate financial impact. Watch proxy outcomes for potential board changes. Proxy advisor ISS urges ConocoPhillips shareholders to vote for independent board chair
• Neutral Sentiment: Industry roundups and watchlists continue to include COP among top energy names for 2026, keeping it on investor radars but not signaling an immediate catalyst. Top 4 Energy Stocks to Watch in 2026
• Neutral Sentiment: Local industry news such as Brock Group relocating to Houston's Energy Corridor is background for the sector but has minimal direct impact on COP fundamentals. Brock Group Relocates Headquarters to Houston's Energy Corridor
• Negative Sentiment: Coverage on the renewed surge in renewables (and the market disruption from the Iran conflict) highlights accelerating solar equipment sales and a potential structural shift away from oil over time, a headwind for long-term demand forecasts for fossil-fuel producers. Renewable Energy Is Booming Again. The Iran War Has Scrambled Markets.
• Negative Sentiment: Macro/geo-political commentary warns that while oil-price strength has fueled sector gains, ongoing conflict (Iran) could reverse that rally or pressure margins if prices move to levels that slow demand. This raises risk to the recent run-up. Energy stocks are trouncing the rest of the stock market in 2026. Why the Iran war could erode those gains from here.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, SVP Heather G. Hrap sold 2,654 shares of the stock in a transaction dated Friday, March 13th. The shares were 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. This represents a 31.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nicholas G. Olds sold 6,994 shares of the stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $127.06, for a total transaction of $888,657.64. Following the sale, the executive vice president directly owned 5,395 shares of the company's stock, valued at approximately $685,488.70. The trade was a 56.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 734,891 shares of company stock worth $93,345,692. Insiders own 0.09% of the company's stock.

ConocoPhillips Price Performance

Shares of COP opened at $124.51 on Friday. The company has a 50 day moving average price of $120.81 and a 200-day moving average price of $103.12. ConocoPhillips has a fifty-two week low of $84.28 and a fifty-two week high of $135.87. The stock has a market capitalization of $151.76 billion, a PE ratio of 19.64, a PEG ratio of 2.35 and a beta of 0.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.14 and a current ratio of 1.30.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.21). ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The business had revenue of $13.86 billion during the quarter, compared to analysts' expectations of $14.35 billion. During the same period in the previous year, the company posted $1.98 EPS. ConocoPhillips's revenue for the quarter was down 3.7% on a year-over-year basis. Equities analysts predict that ConocoPhillips will post 7.3 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were given a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, February 18th. ConocoPhillips's dividend payout ratio is presently 53.00%.

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.

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