Cypress Point Wealth Management LLC Makes New $2.75 Million Investment in ConocoPhillips $COP

Key Points

• Cypress Point Wealth Management opened a new position in ConocoPhillips, buying 29,389 shares valued at approximately $2.75 million, making COP its 24th-largest holding (~0.6% of the firm's portfolio).
• Company insiders have been net sellers—executives disposed of a total of 734,891 shares worth about $93.35 million over the past three months, including large reductions by SVPs Kelly Brunetti Rose and Andrew D. Lundquist.
• ConocoPhillips beat Q1 EPS estimates but saw revenue decline ~6% year‑over‑year and trimmed production guidance (excluding Qatar); analysts have a consensus rating of "Moderate Buy" with a target of $133.04, and the firm pays a quarterly dividend of $0.84 (yield ~2.7%).

Cypress Point Wealth Management LLC acquired a new position in shares of ConocoPhillips (NYSE:COP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,389 shares of the energy producer's stock, valued at approximately $2,751,000. ConocoPhillips comprises about 0.6% of Cypress Point Wealth Management LLC's holdings, making the stock its 24th biggest holding.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in ConocoPhillips by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 120,251,183 shares of the energy producer's stock worth $11,256,713,000 after buying an additional 408,304 shares during the last quarter. Capital International Investors grew its stake in ConocoPhillips by 18.2% during the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer's stock worth $4,318,239,000 after buying an additional 7,037,873 shares during the last quarter. Fisher Asset Management LLC grew its stake in ConocoPhillips by 1.8% during the third quarter. Fisher Asset Management LLC now owns 14,653,966 shares of the energy producer's stock worth $1,386,119,000 after buying an additional 260,091 shares during the last quarter. Ameriprise Financial Inc. grew its stake in ConocoPhillips by 20.6% during the third quarter. Ameriprise Financial Inc. now owns 12,994,674 shares of the energy producer's stock worth $1,228,886,000 after buying an additional 2,216,010 shares during the last quarter. Finally, Primecap Management Co. CA grew its stake in ConocoPhillips by 31.3% during the third quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer's stock worth $979,102,000 after buying an additional 2,467,555 shares during the last quarter. 82.36% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other ConocoPhillips news, SVP Kelly Brunetti Rose sold 8,500 shares of the firm's stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $118.04, for a total value of $1,003,340.00. Following the transaction, the senior vice president directly owned 32,984 shares of the company's stock, valued at approximately $3,893,431.36. This trade represents a 20.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andrew D. Lundquist sold 34,500 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $119.68, for a total transaction of $4,128,960.00. Following the completion of the transaction, the senior vice president directly owned 17,469 shares in the company, valued at approximately $2,090,689.92. The trade was a 66.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 734,891 shares of company stock valued at $93,345,692 over the last three months. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

COP has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of ConocoPhillips from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, February 6th. Raymond James Financial upped their price objective on shares of ConocoPhillips from $118.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, April 27th. Mizuho upped their price objective on shares of ConocoPhillips from $121.00 to $136.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 17th. Argus upped their price objective on shares of ConocoPhillips from $111.00 to $128.00 and gave the stock a "strong-buy" rating in a research note on Friday, February 13th. Finally, Roth Mkm lowered shares of ConocoPhillips from a "buy" rating to a "neutral" rating and set a $112.00 target price on the stock. in a research report on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $133.04.

ConocoPhillips Price Performance

Shares of COP stock opened at $123.19 on Monday. ConocoPhillips has a 1 year low of $84.28 and a 1 year high of $135.87. The firm's 50 day moving average is $122.17 and its 200-day moving average is $104.44. The firm has a market capitalization of $150.15 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.74 and a beta of 0.14. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.68 by $0.21. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the business earned $2.09 earnings per share. ConocoPhillips's quarterly revenue was down 6.1% on a year-over-year basis. Sell-side analysts forecast that ConocoPhillips will post 9.47 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, May 11th. ConocoPhillips's dividend payout ratio is presently 57.05%.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Q1 results beat estimates on EPS and showed disciplined cost control and strong cash generation, supporting near‑term profitability. ConocoPhillips Q1 EPS beats estimates; shares fall on Qatar output cut
• Positive Sentiment: Higher crude prices from Mideast tensions are boosting margins and expected free cash flow, increasing capacity for buybacks/dividends. Higher Oil Prices Are Boosting This Oil Stock's Profits. Here's How It's Using That Windfall.
• Positive Sentiment: Management outlined a $12.0–$12.5B 2026 capex range and reiterated multiyear free‑cash‑flow targets (on track for ~$7B FCF inflection by 2029), which supports long‑term shareholder returns. ConocoPhillips outlines $12B-$12.5B 2026 capex range...
• Neutral Sentiment: Zacks upgraded COP to strong‑buy and broader analyst commentary may influence flows, but upgrades are offset by the company’s trimmed production view. Is It Worth Investing in ConocoPhillips (COP) Based on Wall Street's Bullish Views?
• Negative Sentiment: Management excluded Qatar from Q2 guidance and trimmed full‑year production targets amid the Middle East conflict, a direct hit to near‑term volume expectations. ConocoPhillips Q1 2026 earnings fall 21% to $2.2bn
• Negative Sentiment: YoY production and revenues declined (revenue down ~6%), and management warned of wider supply disruption risks — factors pressuring the stock despite the beat. ConocoPhillips posts lower first-quarter profit
• Negative Sentiment: Geopolitical escalation (Iran/Stait of Hormuz concerns) has pushed oil higher but raises operational and guidance uncertainty; market reaction shows shares falling on the guidance cut despite higher commodity prices. Oil Set for Weekly Gain as Trump Says Iran Blockade Will Persist

ConocoPhillips Profile

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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