Wellington Management Group LLP Has $2.68 Billion Holdings in ConocoPhillips $COP

Key Points

• Wellington Management trimmed its ConocoPhillips stake by 9.6% in Q3, now holding 28.34 million shares worth about $2.68 billion (roughly 2.29% of the company).
• Insiders have been net sellers: Director Timothy Leach sold 40,000 shares (~$4.75M) and CEO Ryan Lance sold 500,708 shares (~$46.3M), with insiders offloading 549,208 shares (≈$52.07M) over the past three months.
• Analyst sentiment is broadly positive with a consensus “Moderate Buy” and a $119.33 target, but the most recent quarter missed EPS and revenue estimates; the stock pays a $0.84 quarterly dividend (≈2.8% yield).

Wellington Management Group LLP cut its holdings in shares of ConocoPhillips (NYSE:COP - Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,337,549 shares of the energy producer's stock after selling 2,997,469 shares during the period. Wellington Management Group LLP owned approximately 2.29% of ConocoPhillips worth $2,680,449,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in ConocoPhillips by 25.1% in the 3rd quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 813 shares of the energy producer's stock worth $77,000 after purchasing an additional 163 shares during the period. von Borstel & Associates Inc. acquired a new position in shares of ConocoPhillips during the third quarter worth about $207,000. NorthRock Partners LLC grew its holdings in shares of ConocoPhillips by 17.0% during the third quarter. NorthRock Partners LLC now owns 18,563 shares of the energy producer's stock worth $1,756,000 after buying an additional 2,702 shares in the last quarter. Prudential PLC grew its holdings in shares of ConocoPhillips by 70.2% during the third quarter. Prudential PLC now owns 23,524 shares of the energy producer's stock worth $2,225,000 after buying an additional 9,702 shares in the last quarter. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. raised its position in ConocoPhillips by 0.6% in the 3rd quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 27,206 shares of the energy producer's stock valued at $2,573,000 after buying an additional 167 shares during the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ConocoPhillips news, 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 value of $4,751,600.00. Following the completion of the sale, the director owned 411,211 shares in the company, valued at $48,847,754.69. This trade represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Ryan Michael Lance sold 500,708 shares of ConocoPhillips stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the completion of the transaction, the chief executive officer directly owned 325,972 shares of the company's stock, valued at approximately $30,152,410. This trade represents a 60.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 549,208 shares of company stock valued at $52,070,430. 0.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Johnson Rice cut ConocoPhillips from an "accumulate" rating to a "hold" rating and cut their target price for the company from $108.00 to $105.00 in a research note on Friday, December 5th. Wall Street Zen upgraded shares of ConocoPhillips from a "sell" rating to a "hold" rating in a report on Saturday, March 7th. Argus boosted their price objective on shares of ConocoPhillips from $111.00 to $128.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 13th. Jefferies Financial Group increased their target price on shares of ConocoPhillips from $120.00 to $129.00 and gave the stock a "buy" rating in a report on Monday, February 23rd. Finally, Susquehanna raised their target price on shares of ConocoPhillips from $115.00 to $121.00 and gave the company a "positive" rating in a research report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $119.33.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher crude and geopolitical risk are drawing investor attention to major producers, lifting the sector and COP in particular. Oil Price Back to the Glory Days
• Positive Sentiment: Piper Sandler raised its price target on COP to $154 and set an "overweight" rating, implying significant upside from current levels — a formal analyst endorsement that can support buyer interest. Piper Sandler PT Raise
• Positive Sentiment: TheStreet highlights that while oil-price swings move the stock, the bigger long-term catalyst may be ConocoPhillips' internal execution — cash returns, portfolio optimization and disciplined capex — which investors view as durable value drivers. Oil’s whiplash is powering ConocoPhillips
• Neutral Sentiment: Broader commentary notes a sector rotation into energy as crude recovers; this macro interest helps COP but increases reliance on commodity moves rather than idiosyncratic stock drivers. Energy is no longer dead money
• Negative Sentiment: An insider sale — a ConocoPhillips director sold roughly $4.75M of stock — is being reported and can be viewed as a near-term caution for some investors. Insider Selling
• Negative Sentiment: Recent quarterly results missed estimates (EPS and revenue), reminding investors that higher oil prices need to translate into consistent operational and earnings improvement to sustain multiple expansion.

ConocoPhillips Stock Performance

Shares of NYSE COP opened at $122.00 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.14 and a current ratio of 1.30. The stock has a 50 day moving average price of $106.62 and a 200 day moving average price of $96.94. The stock has a market capitalization of $150.76 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 3.05 and a beta of 0.27. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $122.50.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly 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 return on equity of 11.90% and a net margin of 12.98%.The company had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.35 billion. During the same period last year, the firm earned $1.98 EPS. The firm's revenue for the quarter was down 3.7% compared to the same quarter last year. Analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

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

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.

Want to see what other hedge funds are holding COP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ConocoPhillips (NYSE:COP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.