M&T Bank Corp Decreases Stock Position in ConocoPhillips $COP

M&T Bank Corp reduced its position in ConocoPhillips (NYSE:COP - Free Report) by 88.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 116,980 shares of the energy producer's stock after selling 910,495 shares during the period. M&T Bank Corp's holdings in ConocoPhillips were worth $10,950,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in ConocoPhillips by 4.0% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 578,031 shares of the energy producer's stock worth $54,750,000 after acquiring an additional 22,478 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in ConocoPhillips in the 4th quarter worth approximately $647,000. Salomon & Ludwin LLC raised its holdings in ConocoPhillips by 21.6% in the 4th quarter. Salomon & Ludwin LLC now owns 804 shares of the energy producer's stock worth $80,000 after acquiring an additional 143 shares during the last quarter. Optas LLC purchased a new position in ConocoPhillips in the 4th quarter worth approximately $432,000. Finally, Novem Group raised its holdings in ConocoPhillips by 13.4% in the 4th quarter. Novem Group now owns 57,881 shares of the energy producer's stock worth $5,418,000 after acquiring an additional 6,851 shares during the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Price Performance

Shares of COP opened at $121.63 on Friday. The firm has a market cap of $148.25 billion, a PE ratio of 19.18, a P/E/G ratio of 2.38 and a beta of 0.19. The company has a current ratio of 1.30, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35. The firm has a fifty day simple moving average of $121.02 and a two-hundred day simple moving average of $103.31. ConocoPhillips has a 1-year low of $84.28 and a 1-year high of $135.87.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($0.21). The company had revenue of $13.86 billion for the quarter, compared to analysts' expectations of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. ConocoPhillips's quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.98 earnings per share. On average, equities analysts anticipate that ConocoPhillips will post 7.3 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were paid a dividend of $0.84 per share. The ex-dividend date was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a yield of 2.8%. ConocoPhillips's payout ratio is currently 53.00%.

Wall Street Analysts Forecast Growth

COP has been the subject of a number of recent analyst reports. Morgan Stanley boosted their price objective on shares of ConocoPhillips from $108.00 to $149.00 and gave the stock an "overweight" rating in a report on Friday, March 27th. Piper Sandler boosted their price objective on shares of ConocoPhillips from $154.00 to $157.00 and gave the stock an "overweight" rating in a report on Wednesday, April 8th. Jefferies Financial Group boosted their price objective on shares of ConocoPhillips from $129.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, April 13th. Royal Bank Of Canada boosted their price objective on shares of ConocoPhillips from $118.00 to $152.00 and gave the stock an "outperform" rating in a report on Wednesday, April 8th. Finally, Scotiabank boosted their price objective on shares of ConocoPhillips from $100.00 to $125.00 and gave the stock a "sector perform" rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.36.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, SVP Heather G. Hrap sold 2,654 shares of the business's stock in a transaction on Friday, March 13th. The shares were sold at an average price of $119.68, for a total transaction of $317,630.72. Following the completion of the sale, the senior vice president directly owned 5,663 shares in the company, valued at approximately $677,747.84. The trade was a 31.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the business's stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following 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. The disclosure for this sale is available in the SEC filing. 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 corporate insiders.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Multiple previews expect COP to beat Q1 estimates, citing the company’s positioning to benefit from current commodity prices and operational momentum; this fuels near-term upside expectations. ConocoPhillips (COP) Expected to Beat Earnings Estimates
• Positive Sentiment: Susquehanna issued a bullish price-appreciation forecast for COP, which can support investor demand and positive momentum. Susquehanna Forecasts Strong Price Appreciation for ConocoPhillips
• Positive Sentiment: Relative-strength coverage compares COP favorably to Occidental (OXY) — noting higher ROE, lower debt and a stronger yield profile — reinforcing COP’s appeal versus a key peer. Occidental vs. ConocoPhillips: Which Energy Stock Has More Upside?
• Neutral Sentiment: Energy-sector commentary highlights strong 2026 performance as higher oil prices boost earnings prospects, a tailwind for COP but one that carries volatility risk. Energy stocks are trouncing the rest of the stock market in 2026
• Neutral Sentiment: Coverage of booming renewables and shifting energy mix flags a longer-term demand transition that could temper oil-sector valuations over time; immediate impact on COP is ambiguous. Renewable Energy Is Booming Again. The Iran War Has Scrambled Markets.
• Neutral Sentiment: An industry piece on Expand Energy warns rising costs may pressure margins for producers; this highlights an input-cost risk that could be relevant for COP’s upcoming quarter. Expand Energy to Report Q1 Earnings: What's in the Offing?
• Negative Sentiment: ISS recommends ConocoPhillips shareholders vote for an independent board chair — a governance stance that can signal activist pressure or investor dissatisfaction and may weigh on sentiment until resolved. ISS says ConocoPhillips shareholders should vote for independent board chair

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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