ConocoPhillips $COP Shares Sold by Oppenheimer Asset Management Inc.

Key Points

• Oppenheimer Asset Management reduced its ConocoPhillips stake by 5.2% in the second quarter, selling 10,127 shares and retaining 183,020 shares valued at approximately $19.0 million. Institutional investors and hedge funds own 82.36% of COP.
• ConocoPhillips reported quarterly EPS of $3.24, exceeding the $2.90 consensus estimate, while revenue rose 32.4% year over year to $19.52 billion. The company also declared a quarterly dividend of $0.84 per share, equivalent to a 2.7% annualized yield.
• Analyst sentiment remains broadly positive, with an average “Moderate Buy” rating and a consensus price target of $137.68 versus the stock’s reported price of $126.67.

Oppenheimer Asset Management Inc. lowered its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 5.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,020 shares of the energy producer's stock after selling 10,127 shares during the period. Oppenheimer Asset Management Inc.'s holdings in ConocoPhillips were worth $19,027,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in COP. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in ConocoPhillips during the 4th quarter valued at $25,000. Strive Asset Management LLC purchased a new position in ConocoPhillips in the 3rd quarter valued at about $28,000. Frazier Financial Advisors LLC boosted its position in ConocoPhillips by 151.0% in the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer's stock valued at $32,000 after buying an additional 145 shares during the last quarter. Allied Private Wealth LLC acquired a new stake in shares of ConocoPhillips during the second quarter valued at about $32,000. Finally, BNP Paribas acquired a new stake in shares of ConocoPhillips during the second quarter valued at about $33,000. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

Shares of COP stock opened at $126.67 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The company's 50-day simple moving average is $113.88 and its 200-day simple moving average is $116.60. The stock has a market capitalization of $152.17 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.38 and a beta of 0.11.

ConocoPhillips (NYSE:COP - Get Free Report) last posted 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 business had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The company's revenue for the quarter was up 32.4% compared to the same quarter last year. During the same period last year, the firm earned $1.42 earnings per share. Equities analysts anticipate that ConocoPhillips will post 10.05 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 17th. ConocoPhillips's dividend payout ratio (DPR) is currently 44.44%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Argus boosted their price target on ConocoPhillips from $128.00 to $136.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Wells Fargo & Company raised their price objective on ConocoPhillips from $183.00 to $189.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Zacks Research downgraded ConocoPhillips from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 27th. UBS Group upped their target price on ConocoPhillips from $143.00 to $153.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Mizuho reduced their target price on ConocoPhillips from $150.00 to $146.00 and set an "outperform" rating for the company in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ConocoPhillips has an average rating of "Moderate Buy" and an average target price of $137.68.

Key Stories Impacting ConocoPhillips

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

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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