Allspring Global Investments Holdings LLC Sells 213,037 Shares of ConocoPhillips $COP

Allspring Global Investments Holdings LLC lessened its stake in shares of ConocoPhillips (NYSE:COP) by 25.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 632,617 shares of the energy producer’s stock after selling 213,037 shares during the period. Allspring Global Investments Holdings LLC’s holdings in ConocoPhillips were worth $60,390,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Aprio Wealth Management LLC grew its stake in shares of ConocoPhillips by 35.6% in the first quarter. Aprio Wealth Management LLC now owns 3,050 shares of the energy producer’s stock worth $320,000 after acquiring an additional 801 shares during the last quarter. Amundi boosted its position in shares of ConocoPhillips by 3.6% during the 1st quarter. Amundi now owns 4,937,898 shares of the energy producer’s stock valued at $518,578,000 after acquiring an additional 172,996 shares in the last quarter. AlTi Global Inc. increased its stake in ConocoPhillips by 10.4% in the first quarter. AlTi Global Inc. now owns 8,200 shares of the energy producer’s stock valued at $861,000 after acquiring an additional 775 shares during the period. Banque Transatlantique SA increased its stake in ConocoPhillips by 404.4% in the first quarter. Banque Transatlantique SA now owns 691 shares of the energy producer’s stock valued at $67,000 after acquiring an additional 554 shares during the period. Finally, Eventide Asset Management LLC acquired a new position in ConocoPhillips in the first quarter worth about $1,761,000. Institutional investors own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the topic of several recent analyst reports. The Goldman Sachs Group decreased their price target on ConocoPhillips from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Wolfe Research reissued an “outperform” rating and set a $131.00 price objective on shares of ConocoPhillips in a report on Thursday, November 6th. Capital One Financial increased their target price on shares of ConocoPhillips from $111.00 to $112.00 in a research report on Friday, October 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of ConocoPhillips in a report on Monday. Finally, UBS Group raised their price target on shares of ConocoPhillips from $117.00 to $120.00 and gave the company a “buy” rating in a report on Friday, December 12th. Nineteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus price target of $114.08.

ConocoPhillips Price Performance

NYSE:COP opened at $93.60 on Friday. The stock has a market capitalization of $115.66 billion, a PE ratio of 13.24, a P/E/G ratio of 2.12 and a beta of 0.32. The firm has a fifty day simple moving average of $90.51 and a 200 day simple moving average of $92.50. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $106.20. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.20. ConocoPhillips had a return on equity of 13.64% and a net margin of 14.25%.The business had revenue of $15.03 billion during the quarter, compared to the consensus estimate of $14.51 billion. During the same quarter last year, the firm posted $1.78 EPS. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, research analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a $0.84 dividend. The ex-dividend date was Monday, November 17th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.6%. ConocoPhillips’s dividend payout ratio (DPR) is 47.52%.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Zacks raised several near‑term and multi‑year forecasts (FY2026, FY2027 and Q1‑2027), implying stronger future earnings assumptions that could support the stock. (Upgrades to FY/quarter estimates)
• Positive Sentiment: Brokerage consensus remains constructive — ConocoPhillips was given a “Moderate Buy” consensus by brokerages, which is supportive for investor sentiment. ConocoPhillips Given Consensus Recommendation
• Neutral Sentiment: The overall consensus full‑year EPS remains around $8.16, so while Zacks is tweaking quarterly figures, their long‑run view is largely unchanged — a sign of mixed but not dramatically different expectations.
• Neutral Sentiment: Several estimate changes are very small (e.g., Q2‑2026 and Q3‑2026 revisions by a few cents), which likely has limited direct impact on near‑term valuation.
• Negative Sentiment: Zacks cut a couple of quarter estimates (notably slight trims to Q3‑2026 and Q3‑2027), which is a modest negative signal for near‑term earnings visibility.
• Negative Sentiment: Operational risk: ConocoPhillips paused drilling in Australia after an unexpected high‑pressure gas encounter at Charlemont‑1 / Waarre C, which raises short‑term operational and cost uncertainty. COP’s Australian Drilling Campaign Yields Unexpected Gas Encounter

Insider Activity

In other news, Director William H. Mcraven bought 5,768 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was bought at an average cost of $86.68 per share, for a total transaction of $499,970.24. Following the transaction, the director owned 5,768 shares of the company’s stock, valued at $499,970.24. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Michael Lance sold 500,708 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the sale, the chief executive officer owned 325,972 shares in the company, valued at $30,152,410. This represents a 60.57% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.24% of the stock is owned by company insiders.

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.