M&T Bank Corp Trims Position in ConocoPhillips $COP

Key Points

• M&T Bank Corp trimmed its stake in ConocoPhillips by 1.8% in Q4, selling 18,269 shares and leaving it with 1,009,206 shares valued at about $94.47 million (≈0.08% ownership).
• Insider selling was heavy: CEO Ryan Michael Lance sold 506,800 shares for roughly $64.5 million and insiders have sold 734,891 shares (~$93.35 million) over the last 90 days, leaving corporate insiders with about 0.09% ownership.
• ConocoPhillips beat Q1 EPS estimates ($1.89 vs. $1.68) but revenue fell ~6% YoY; management trimmed production and excluded Qatar from Q2 guidance amid geopolitical risk while reiterating a $12.0–$12.5B 2026 capex range and a quarterly dividend of $0.84 (2.7% yield).

M&T Bank Corp cut its position in ConocoPhillips (NYSE:COP - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,009,206 shares of the energy producer's stock after selling 18,269 shares during the period. M&T Bank Corp owned about 0.08% of ConocoPhillips worth $94,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wedge Capital Management L L P NC increased its stake in shares of ConocoPhillips by 4.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,570 shares of the energy producer's stock worth $241,000 after purchasing an additional 101 shares in the last quarter. Oregon Pacific Wealth Management LLC increased its stake in shares of ConocoPhillips by 4.5% in the fourth quarter. Oregon Pacific Wealth Management LLC now owns 2,414 shares of the energy producer's stock worth $226,000 after purchasing an additional 104 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its stake in shares of ConocoPhillips by 5.1% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 2,231 shares of the energy producer's stock worth $209,000 after purchasing an additional 109 shares in the last quarter. Wright Investors Service Inc. increased its stake in shares of ConocoPhillips by 1.1% in the fourth quarter. Wright Investors Service Inc. now owns 9,792 shares of the energy producer's stock worth $917,000 after purchasing an additional 109 shares in the last quarter. Finally, Strategic Blueprint LLC increased its stake in shares of ConocoPhillips by 1.4% in the third quarter. Strategic Blueprint LLC now owns 7,917 shares of the energy producer's stock worth $749,000 after purchasing an additional 112 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 506,800 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $127.26, for a total transaction of $64,495,368.00. Following the completion of the transaction, the chief executive officer owned 6,835 shares in the company, valued at $869,822.10. This trade represents a 98.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy A. Leach sold 40,000 shares of the stock in a transaction 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 transaction, the director owned 411,211 shares of the company's stock, valued at $48,847,754.69. This trade represents a 8.87% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 734,891 shares of company stock valued at $93,345,692 over the last ninety days. Corporate insiders own 0.09% of the company's stock.

ConocoPhillips Price Performance

COP stock opened at $123.19 on Monday. ConocoPhillips has a 52 week low of $84.28 and a 52 week high of $135.87. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $122.17 and a two-hundred day simple moving average of $104.44. The firm has a market capitalization of $150.15 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.74 and a beta of 0.14.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, beating 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 business had revenue of $15.76 billion during the quarter, compared to analyst estimates of $15.62 billion. During the same quarter last year, the business earned $2.09 earnings per share. ConocoPhillips's quarterly revenue was down 6.1% compared to the same quarter last year. Analysts anticipate that ConocoPhillips will post 9.47 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be given a dividend of $0.84 per share. The ex-dividend date is Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 2.7%. ConocoPhillips's dividend payout ratio (DPR) is 57.05%.

Key Headlines Impacting 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

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Roth Mkm cut shares of ConocoPhillips from a "buy" rating to a "neutral" rating and set a $112.00 target price for the company. in a research note on Tuesday, February 17th. Royal Bank Of Canada raised their target price on shares of ConocoPhillips from $118.00 to $152.00 and gave the company an "outperform" rating in a research note on Wednesday, April 8th. Piper Sandler raised their target price on shares of ConocoPhillips from $154.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, April 8th. Mizuho raised their target price on shares of ConocoPhillips from $121.00 to $136.00 and gave the company an "outperform" rating in a research note on Tuesday, March 17th. Finally, Wall Street Zen raised shares of ConocoPhillips from a "sell" rating to a "hold" rating in a research note on Saturday, March 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, ConocoPhillips presently has an average rating of "Moderate Buy" and an average target price of $133.04.

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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