Gradient Investments LLC Increases Position in ConocoPhillips $COP

Key Points

• Gradient Investments increased its ConocoPhillips position by 10.6% in the second quarter, reaching 281,600 shares valued at approximately $29.3 million. Institutional investors collectively own 82.36% of COP.
• ConocoPhillips reported a strong second quarter, with adjusted EPS of $3.24 and revenue of $19.52 billion, exceeding analyst estimates and more than doubling year over year. The company also generated about $7.4 billion in operating cash flow, repurchased $2 billion in stock and declared a quarterly dividend of $0.84 per share.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” and an average price target of $136.44 versus the stock’s $117.48 opening price. Production declined year over year, though management expects output to increase in the third quarter.

Gradient Investments LLC increased its holdings in ConocoPhillips (NYSE:COP - Free Report) by 10.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 281,600 shares of the energy producer's stock after purchasing an additional 27,089 shares during the quarter. Gradient Investments LLC's holdings in ConocoPhillips were worth $29,275,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of COP. Vanguard Group Inc. increased its position in shares of ConocoPhillips by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 120,251,183 shares of the energy producer's stock valued at $11,256,713,000 after buying an additional 408,304 shares in the last quarter. Capital International Investors lifted its position in shares of ConocoPhillips by 5.9% during the 4th quarter. Capital International Investors now owns 48,360,060 shares of the energy producer's stock valued at $4,527,230,000 after buying an additional 2,714,663 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of ConocoPhillips by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer's stock valued at $3,880,151,000 after buying an additional 2,350,645 shares in the last quarter. Franklin Resources Inc. grew its stake in ConocoPhillips by 4.5% in the 4th quarter. Franklin Resources Inc. now owns 15,038,675 shares of the energy producer's stock valued at $1,407,770,000 after acquiring an additional 648,432 shares during the period. Finally, Fisher Asset Management LLC grew its stake in ConocoPhillips by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 14,847,367 shares of the energy producer's stock valued at $1,389,862,000 after acquiring an additional 193,401 shares during the period. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analyst Upgrades and Downgrades

COP has been the subject of a number of research analyst reports. Argus upped their price objective on shares of ConocoPhillips from $128.00 to $136.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Sanford C. Bernstein boosted their target price on shares of ConocoPhillips from $98.00 to $121.00 and gave the stock an "outperform" rating in a research note on Monday, April 13th. Roth Capital raised shares of ConocoPhillips from a "neutral" rating to a "buy" rating and raised their price target for the company from $124.00 to $130.00 in a research note on Monday, June 22nd. Raymond James Financial lowered their price objective on ConocoPhillips from $145.00 to $142.00 and set an "outperform" rating on the stock in a report on Monday, June 1st. Finally, BMO Capital Markets cut their price objective on ConocoPhillips from $140.00 to $135.00 and set an "outperform" rating for the company in a research note on Wednesday, May 13th. Eighteen analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, ConocoPhillips has a consensus rating of "Moderate Buy" and a consensus price target of $136.44.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Q2 results exceeded expectations: ConocoPhillips reported adjusted earnings of $3.24 per share versus the roughly $2.90–$2.96 consensus, while revenue reached $19.52 billion, ahead of the $18.79 billion estimate. Earnings more than doubled year over year, supported by a 36% increase in realized prices to $62.33 per barrel of oil equivalent. ConocoPhillips Q2 earnings report
• Positive Sentiment: Cash flow and shareholder returns remained strong: The company generated approximately $7.4 billion in operating cash flow, repurchased $2 billion of stock and paid $1 billion in ordinary dividends. COP also declared another $0.84-per-share quarterly dividend, payable September 1 to shareholders of record August 17. ConocoPhillips second-quarter results and dividend
• Positive Sentiment: Long-term free-cash-flow outlook was reaffirmed: Management continues to target a $7 billion free-cash-flow inflection by 2029, helped by lower capital spending, major projects and improved Permian efficiency. Record Permian output and doubled share repurchases further supported the investment case. COP earnings call free-cash-flow outlook
• Positive Sentiment: Analyst sentiment improved: Goldman Sachs maintained a Buy rating and raised its price target to $140 following the earnings beat. Goldman Sachs raises COP price target
• Neutral Sentiment: Leadership transition appears orderly: CFO Andy O’Brien will become president and CEO on September 1, while Ryan Lance moves to transitional executive chair. The internal succession limits disruption but places execution expectations on the incoming chief executive. ConocoPhillips leadership succession announcement
• Negative Sentiment: Production declined year over year: Second-quarter production was 2.248 million barrels of oil equivalent per day, down from the prior year, although management expects third-quarter production to rise to 2.29–2.32 million barrels per day. ConocoPhillips Q2 2026 production and earnings data

ConocoPhillips Trading Up 0.6%

COP opened at $117.48 on Friday. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The stock has a market capitalization of $143.13 billion, a PE ratio of 15.54, a P/E/G ratio of 1.37 and a beta of 0.11. The business's 50 day moving average price is $113.08 and its 200 day moving average price is $115.61. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.14 and a current ratio of 1.54.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The company had revenue of $19.52 billion during the quarter, compared to analysts' expectations of $18.79 billion. During the same quarter last year, the firm earned $1.42 earnings per share. The firm's quarterly revenue was up 32.4% compared to the same quarter last year. As a group, equities research analysts expect that ConocoPhillips will post 9.49 EPS for the current year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a dividend of $0.84 per share. The ex-dividend date is Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. ConocoPhillips's dividend payout ratio is currently 57.05%.

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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