Davis Selected Advisers Purchases 198,576 Shares of ConocoPhillips $COP

Key Points

• Davis Selected Advisers increased its stake in ConocoPhillips by 12.4%, buying 198,576 shares to hold 1,797,887 shares (about 0.15% of COP) valued at roughly $168.3 million.
• Q1 results beat EPS estimates ($1.89 vs. $1.68) but revenue fell about 6.1% YoY and management trimmed production/Q2 guidance (excluding Qatar), with the stock down ~2.1% after the report.
• Dividend announced: a quarterly payout of $0.84 ($3.36 annualized) implying a ~2.7% yield, with an ex-dividend date of May 11.

Davis Selected Advisers boosted its position in shares of ConocoPhillips (NYSE:COP - Free Report) by 12.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,797,887 shares of the energy producer's stock after purchasing an additional 198,576 shares during the period. Davis Selected Advisers owned about 0.15% of ConocoPhillips worth $168,301,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in ConocoPhillips by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 120,251,183 shares of the energy producer's stock valued at $11,256,713,000 after acquiring an additional 408,304 shares in the last quarter. Capital International Investors increased its position in ConocoPhillips by 18.2% in the 3rd quarter. Capital International Investors now owns 45,645,397 shares of the energy producer's stock valued at $4,318,239,000 after acquiring an additional 7,037,873 shares in the last quarter. Fisher Asset Management LLC increased its position in ConocoPhillips by 1.8% in the 3rd quarter. Fisher Asset Management LLC now owns 14,653,966 shares of the energy producer's stock valued at $1,386,119,000 after acquiring an additional 260,091 shares in the last quarter. Ameriprise Financial Inc. increased its position in ConocoPhillips by 20.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,994,674 shares of the energy producer's stock valued at $1,228,886,000 after acquiring an additional 2,216,010 shares in the last quarter. Finally, Primecap Management Co. CA increased its position in ConocoPhillips by 31.3% in the 3rd quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer's stock valued at $979,102,000 after acquiring an additional 2,467,555 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

COP has been the subject of several research reports. UBS Group raised their price objective on shares of ConocoPhillips from $130.00 to $144.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. Barclays raised their price objective on shares of ConocoPhillips from $128.00 to $136.00 and gave the company an "overweight" rating in a research report on Friday. Susquehanna raised their price objective on shares of ConocoPhillips from $121.00 to $149.00 and gave the company a "positive" rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. raised their price objective on shares of ConocoPhillips from $98.00 to $103.00 and gave the company a "neutral" rating in a research report on Friday, February 6th. Finally, Capital One Financial raised their price objective on shares of ConocoPhillips from $116.00 to $156.00 and gave the company an "equal weight" rating in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $132.92.

Trending Headlines about ConocoPhillips

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 Stock Down 2.1%

Shares of NYSE:COP opened at $123.19 on Friday. ConocoPhillips has a one year low of $84.28 and a one year high of $135.87. The company has a 50 day moving average of $122.17 and a 200-day moving average of $104.22. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The stock has a market cap of $150.15 billion, a price-to-earnings ratio of 19.43, a P/E/G ratio of 1.78 and a beta of 0.14.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $15.62 billion. During the same quarter in the previous year, the company earned $2.09 EPS. ConocoPhillips's revenue was down 6.1% on a year-over-year basis. On average, sell-side analysts forecast that ConocoPhillips will post 9.46 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be issued a dividend of $0.84 per share. The ex-dividend date is Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a yield of 2.7%. ConocoPhillips's payout ratio is currently 53.00%.

Insider Activity

In related news, Director Timothy A. Leach sold 40,000 shares of the business's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $118.79, for a total transaction of $4,751,600.00. Following the completion of the transaction, the director owned 411,211 shares in the company, valued at approximately $48,847,754.69. The trade was a 8.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Andrew D. Lundquist sold 34,500 shares of the business'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 transaction, the senior vice president owned 17,469 shares of the company's stock, valued at approximately $2,090,689.92. This represents a 66.39% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 734,891 shares of company stock valued at $93,345,692. 0.09% of the stock is currently owned by company insiders.

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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