Elyxium Wealth LLC Purchases New Stake in ConocoPhillips $COP

Key Points

• Elyxium Wealth LLC acquired 13,241 ConocoPhillips shares in the second quarter, valued at approximately $1.38 million. Institutional investors and hedge funds collectively own 82.36% of COP.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $137.68; Susquehanna recently raised its target to $161.
• ConocoPhillips reported stronger-than-expected quarterly results, including $3.24 in adjusted EPS and $19.52 billion in revenue, while declaring a quarterly dividend of $0.84 per share.

Elyxium Wealth LLC acquired a new position in shares of ConocoPhillips (NYSE:COP - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,241 shares of the energy producer's stock, valued at approximately $1,377,000.

A number of other large investors have also recently bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of ConocoPhillips in the 4th quarter valued at approximately $25,000. Strive Asset Management LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter worth approximately $28,000. Frazier Financial Advisors LLC boosted its position in shares of 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 in the last quarter. Allied Private Wealth LLC acquired a new stake in shares of ConocoPhillips during the 2nd quarter worth approximately $32,000. Finally, BNP Paribas bought a new position in ConocoPhillips in the second quarter valued at approximately $33,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on COP. Susquehanna boosted their price objective on shares of ConocoPhillips from $155.00 to $161.00 and gave the company a "positive" rating in a research report on Tuesday. Morgan Stanley reaffirmed an "overweight" rating and issued a $147.00 target price on shares of ConocoPhillips in a report on Friday, August 7th. Raymond James Financial decreased their price target on ConocoPhillips from $145.00 to $142.00 and set an "outperform" rating on the stock in a research note on Monday, June 1st. Roth Capital raised ConocoPhillips from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $124.00 to $130.00 in a report on Monday, June 22nd. Finally, Zacks Research downgraded ConocoPhillips from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 27th. One investment 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 given a Sell rating to the company's stock. Based on data from MarketBeat.com, ConocoPhillips has an average rating of "Moderate Buy" and an average price target of $137.68.

ConocoPhillips Price Performance

COP stock opened at $126.67 on Friday. The company has a 50 day simple moving average of $113.88 and a 200 day simple moving average of $116.60. The stock has a market cap of $152.17 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 1.38 and a beta of 0.11. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.87. 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 (NYSE:COP - Get Free Report) last issued its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, beating analysts' consensus estimates of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same quarter last year, the business posted $1.42 earnings per share. The company's quarterly revenue was up 32.4% on a year-over-year basis. Research analysts anticipate that ConocoPhillips will post 10.05 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

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

ConocoPhillips News Summary

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

ConocoPhillips Company 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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