Teacher Retirement System of Texas Has $27.07 Million Stock Holdings in ConocoPhillips $COP

Key Points

• Teacher Retirement System of Texas reduced its stake in ConocoPhillips by 26.3% in Q4, selling 103,010 shares and now holding 289,206 shares valued at about $27.07 million.
• Company insiders have been net sellers — CEO Ryan Michael Lance sold 506,800 shares for roughly $64.5 million, and insiders sold 734,891 shares (~$93.35 million) over the quarter, leaving insiders with only 0.09% ownership.
• ConocoPhillips missed Q4 estimates (EPS $1.02 vs. $1.23; revenue short of consensus), yet analysts have lately lifted targets (e.g., UBS $144, Scotiabank $125) and the stock holds a Moderate Buy consensus with an average target of $131.36.

Teacher Retirement System of Texas lessened its holdings in ConocoPhillips (NYSE:COP - Free Report) by 26.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 289,206 shares of the energy producer's stock after selling 103,010 shares during the period. Teacher Retirement System of Texas' holdings in ConocoPhillips were worth $27,073,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC acquired a new stake in shares of ConocoPhillips in the third quarter worth $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of ConocoPhillips in the third quarter worth $28,000. Board of the Pension Protection Fund acquired a new stake in shares of ConocoPhillips in the fourth quarter worth $28,000. Strive Asset Management LLC acquired a new stake in shares of ConocoPhillips in the third quarter worth $28,000. Finally, Cedar Mountain Advisors LLC boosted its position in shares of ConocoPhillips by 58.0% in the third quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer's stock worth $30,000 after buying an additional 116 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 506,800 shares of the firm's stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $127.26, for a total transaction of $64,495,368.00. Following the transaction, the chief executive officer directly 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Andrew D. Lundquist sold 34,500 shares of the firm's stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $119.68, for a total value of $4,128,960.00. Following the transaction, the senior vice president owned 17,469 shares in the company, valued at approximately $2,090,689.92. This trade represents a 66.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 734,891 shares of company stock valued at $93,345,692. Insiders own 0.09% of the company's stock.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Several outlets highlight that ConocoPhillips is positioned to beat Q1 estimates based on current indicators, supporting near-term upside into the report. ConocoPhillips (COP) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release
• Positive Sentiment: Susquehanna published a bullish note forecasting strong price appreciation for COP, which can attract momentum flows and buyer interest. Susquehanna Forecasts Strong Price Appreciation for ConocoPhillips NYSE: COP Stock
• Positive Sentiment: Scotiabank raised its price target from $100 to $125 (sector perform), reflecting an upgraded view that supports valuation and could reduce near-term downside. Scotiabank price target raise
• Positive Sentiment: Relative-comparison pieces favor COP over Occidental on metrics like ROE, lower leverage and dividend yield, reinforcing COP's appeal vs. peers for yield/value-seeking investors. Occidental vs. ConocoPhillips: Which Energy Stock Has More Upside?
• Neutral Sentiment: ISS (proxy advisor) urged shareholders to vote for an independent board chair — a governance development that increases scrutiny of management but has uncertain immediate financial impact. Watch proxy outcomes for potential board changes. Proxy advisor ISS urges ConocoPhillips shareholders to vote for independent board chair
• Neutral Sentiment: Industry roundups and watchlists continue to include COP among top energy names for 2026, keeping it on investor radars but not signaling an immediate catalyst. Top 4 Energy Stocks to Watch in 2026
• Neutral Sentiment: Local industry news such as Brock Group relocating to Houston's Energy Corridor is background for the sector but has minimal direct impact on COP fundamentals. Brock Group Relocates Headquarters to Houston's Energy Corridor
• Negative Sentiment: Coverage on the renewed surge in renewables (and the market disruption from the Iran conflict) highlights accelerating solar equipment sales and a potential structural shift away from oil over time, a headwind for long-term demand forecasts for fossil-fuel producers. Renewable Energy Is Booming Again. The Iran War Has Scrambled Markets.
• Negative Sentiment: Macro/geo-political commentary warns that while oil-price strength has fueled sector gains, ongoing conflict (Iran) could reverse that rally or pressure margins if prices move to levels that slow demand. This raises risk to the recent run-up. Energy stocks are trouncing the rest of the stock market in 2026. Why the Iran war could erode those gains from here.

ConocoPhillips Price Performance

COP opened at $124.51 on Friday. The stock has a market cap of $151.76 billion, a price-to-earnings ratio of 19.64, a PEG ratio of 2.35 and a beta of 0.19. ConocoPhillips has a 1 year low of $84.28 and a 1 year high of $135.87. 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 stock has a fifty day moving average price of $120.81 and a 200 day moving average price of $103.12.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.21). ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The company had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.35 billion. During the same quarter last year, the business earned $1.98 earnings per share. ConocoPhillips's quarterly revenue was down 3.7% on a year-over-year basis. Analysts forecast that ConocoPhillips will post 7.3 EPS for the current fiscal 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 issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.7%. The ex-dividend date was Wednesday, February 18th. ConocoPhillips's dividend payout ratio (DPR) is 53.00%.

Analyst Ratings Changes

Several analysts have recently commented on the company. UBS Group raised their target price on ConocoPhillips from $130.00 to $144.00 and gave the stock a "buy" rating in a research report on Thursday, March 5th. Scotiabank lifted their price objective on ConocoPhillips from $100.00 to $125.00 and gave the company a "sector perform" rating in a research report on Wednesday. Zacks Research raised ConocoPhillips from a "strong sell" rating to a "hold" rating in a research report on Monday, March 30th. Truist Financial initiated coverage on ConocoPhillips in a research report on Tuesday, March 24th. They set a "hold" rating and a $124.00 price objective for the company. Finally, Sanford C. Bernstein lifted their price objective on ConocoPhillips from $98.00 to $121.00 and gave the company an "outperform" rating in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, ConocoPhillips presently has an average rating of "Moderate Buy" and an average target price of $131.36.

About ConocoPhillips

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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