Kornitzer Capital Management Inc. KS Sells 9,612 Shares of ConocoPhillips $COP

Key Points

• Kornitzer Capital Management Inc. KS trimmed its ConocoPhillips stake by 1.8%, selling 9,612 shares and now holds 518,986 shares worth $48.58 million (about 1.0% of its portfolio and its 23rd largest position).
• Q1 results: ConocoPhillips beat EPS estimates ($1.89 vs. $1.68) but revenue fell 6.1% YoY to $15.76 billion and management trimmed production guidance (excluding Qatar) amid Middle East tensions; the company also declared a $0.84 quarterly dividend (2.7% yield, 53% payout ratio).
• Investor backdrop: institutional investors own 82.36% of the stock while insiders sold 734,891 shares (~$93.3 million) in the last 90 days, and analysts maintain a consensus "Moderate Buy" with a $132.92 target after several price-target raises.

Kornitzer Capital Management Inc. KS trimmed its position in ConocoPhillips (NYSE:COP - Free Report) by 1.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 518,986 shares of the energy producer's stock after selling 9,612 shares during the period. ConocoPhillips accounts for approximately 1.0% of Kornitzer Capital Management Inc. KS's investment portfolio, making the stock its 23rd biggest position. Kornitzer Capital Management Inc. KS's holdings in ConocoPhillips were worth $48,582,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Davis Selected Advisers increased its holdings in ConocoPhillips by 12.4% in the fourth quarter. Davis Selected Advisers now owns 1,797,887 shares of the energy producer's stock valued at $168,301,000 after purchasing an additional 198,576 shares during the period. Robertson Stephens Wealth Management LLC increased its holdings in ConocoPhillips by 20.1% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 5,672 shares of the energy producer's stock valued at $531,000 after purchasing an additional 951 shares during the period. Summit Place Financial Advisors LLC increased its holdings in ConocoPhillips by 20.3% in the fourth quarter. Summit Place Financial Advisors LLC now owns 14,642 shares of the energy producer's stock valued at $1,371,000 after purchasing an additional 2,475 shares during the period. Danske Bank A S increased its holdings in ConocoPhillips by 30.7% in the fourth quarter. Danske Bank A S now owns 24,243 shares of the energy producer's stock valued at $2,269,000 after purchasing an additional 5,700 shares during the period. Finally, Mutual Advisors LLC increased its holdings in ConocoPhillips by 9.3% in the fourth quarter. Mutual Advisors LLC now owns 20,682 shares of the energy producer's stock valued at $1,936,000 after purchasing an additional 1,752 shares during the period. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $123.19 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.14 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $122.17 and a two-hundred day moving average price of $104.22. ConocoPhillips has a 1-year low of $84.28 and a 1-year high of $135.87. The company has a market cap of $150.15 billion, a P/E ratio of 19.43, a PEG 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.68 by $0.21. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. During the same period last year, the business posted $2.09 EPS. The business's revenue was down 6.1% compared to the same quarter last year. As a group, analysts anticipate that ConocoPhillips will post 9.46 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th 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 is Monday, May 11th. ConocoPhillips's dividend payout ratio (DPR) is presently 53.00%.

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

Analyst Ratings Changes

A number of analysts recently weighed in on COP shares. Wolfe Research increased their price objective on ConocoPhillips from $138.00 to $144.00 and gave the company an "outperform" rating in a report on Monday, April 6th. Jefferies Financial Group increased their price objective on ConocoPhillips from $129.00 to $160.00 and gave the company a "buy" rating in a report on Monday, April 13th. Piper Sandler increased their price objective on ConocoPhillips from $154.00 to $157.00 and gave the company an "overweight" rating in a report on Wednesday, April 8th. JPMorgan Chase & Co. increased their price objective on ConocoPhillips from $98.00 to $103.00 and gave the company a "neutral" rating in a report on Friday, February 6th. Finally, BMO Capital Markets increased their price objective on ConocoPhillips from $130.00 to $140.00 and gave the company an "outperform" rating in a report on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, ConocoPhillips currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.92.

Insider Activity

In other news, EVP Nicholas G. Olds sold 6,994 shares of the firm's stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $127.06, for a total value of $888,657.64. Following the completion of the sale, the executive vice president directly owned 5,395 shares in the company, valued at $685,488.70. This trade represents a 56.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the firm's stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $130.03, for a total value of $1,001,231.00. Following the completion of the sale, the senior vice president owned 25,284 shares of the company's stock, valued at approximately $3,287,678.52. This represents a 23.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 734,891 shares of company stock worth $93,345,692. 0.09% of the stock is owned by insiders.

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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