Strs Ohio Sells 35,009 Shares of ConocoPhillips $COP

Key Points

• Strs Ohio reduced its ConocoPhillips stake by 8.5%, selling 35,009 shares and leaving it with 378,167 shares valued at about $35.4 million.
• Analyst sentiment is broadly positive—several firms raised price targets and the stock carries an average rating of Moderate Buy with an average target price of $133.04.
• ConocoPhillips beat Q1 EPS estimates but reported lower year‑over‑year revenue and trimmed guidance (excluding Qatar); heavy insider selling (734,891 shares worth ~$93.3M last quarter) and these mixed results contributed to the stock falling ~2.1%.

Strs Ohio lowered its stake in shares of ConocoPhillips (NYSE:COP - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378,167 shares of the energy producer's stock after selling 35,009 shares during the period. Strs Ohio's holdings in ConocoPhillips were worth $35,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Capital International Investors boosted its position in shares of ConocoPhillips by 18.2% during the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer's stock worth $4,318,239,000 after acquiring an additional 7,037,873 shares during the last quarter. Primecap Management Co. CA increased its holdings in ConocoPhillips by 31.3% in the 3rd quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer's stock valued at $979,102,000 after acquiring an additional 2,467,555 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in ConocoPhillips by 20.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,994,674 shares of the energy producer's stock worth $1,228,886,000 after purchasing an additional 2,216,010 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in ConocoPhillips in the 3rd quarter worth $135,265,000. Finally, SG Americas Securities LLC boosted its holdings in shares of ConocoPhillips by 505.9% during the 4th quarter. SG Americas Securities LLC now owns 589,980 shares of the energy producer's stock valued at $55,228,000 after purchasing an additional 735,319 shares during the last quarter. Hedge funds and other institutional investors own 82.36% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COP. Mizuho raised their price objective on ConocoPhillips from $121.00 to $136.00 and gave the company an "outperform" rating in a research report on Tuesday, March 17th. Piper Sandler increased their price target on ConocoPhillips from $154.00 to $157.00 and gave the company an "overweight" rating in a research note on Wednesday, April 8th. Barclays raised their price target on ConocoPhillips from $128.00 to $136.00 and gave the company an "overweight" rating in a report on Friday. Morgan Stanley lifted their price objective on ConocoPhillips from $108.00 to $149.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 28th. Finally, BMO Capital Markets increased their target price on ConocoPhillips from $130.00 to $140.00 and gave the company an "outperform" rating in a research report on Tuesday, April 7th. Two equities research 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 stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $133.04.

Insider Activity

In other ConocoPhillips news, SVP Kelly Brunetti Rose sold 8,500 shares of ConocoPhillips stock in a transaction on Monday, March 9th. The shares were sold at an average price of $118.04, for a total transaction of $1,003,340.00. Following the completion of the transaction, the senior vice president directly owned 32,984 shares of the company's stock, valued at $3,893,431.36. The trade was a 20.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Timothy A. Leach sold 40,000 shares of the business's 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 in the company, valued at $48,847,754.69. This trade represents a 8.87% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 734,891 shares of company stock worth $93,345,692. Company insiders own 0.09% of the company's stock.

Key Stories 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

ConocoPhillips Stock Down 2.1%

Shares of NYSE:COP 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. ConocoPhillips has a 12 month low of $84.28 and a 12 month high of $135.87. The company has a 50-day moving average price of $122.17 and a 200 day moving average price of $104.33. The company has a market cap of $150.15 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.74 and a beta of 0.14.

ConocoPhillips (NYSE:COP - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.68 by $0.21. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The company had revenue of $15.76 billion for the quarter, compared to analysts' expectations of $15.62 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The firm's revenue for the quarter was down 6.1% on a year-over-year basis. As a group, equities research analysts predict that ConocoPhillips will post 9.47 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $3.36 annualized dividend and a dividend yield of 2.7%. ConocoPhillips's 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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