Assetmark Inc. Cuts Stock Position in ConocoPhillips $COP

Assetmark Inc. decreased its position in ConocoPhillips (NYSE:COP) by 3.2% during the 3rd quarter, Holdings Channel reports. The fund owned 348,868 shares of the energy producer’s stock after selling 11,598 shares during the quarter. Assetmark Inc.’s holdings in ConocoPhillips were worth $32,999,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Primecap Management Co. CA raised its stake in shares of ConocoPhillips by 66.0% during the 2nd quarter. Primecap Management Co. CA now owns 7,883,455 shares of the energy producer’s stock worth $707,461,000 after buying an additional 3,135,315 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in ConocoPhillips by 31.4% in the second quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock valued at $966,267,000 after acquiring an additional 2,575,803 shares during the period. First Trust Advisors LP boosted its position in shares of ConocoPhillips by 146.6% during the 2nd quarter. First Trust Advisors LP now owns 2,315,757 shares of the energy producer’s stock worth $207,816,000 after purchasing an additional 1,376,509 shares in the last quarter. Laurel Wealth Advisors LLC boosted its position in shares of ConocoPhillips by 8,148.3% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 917,788 shares of the energy producer’s stock worth $82,362,000 after purchasing an additional 906,661 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. grew its stake in shares of ConocoPhillips by 18.0% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 4,565,154 shares of the energy producer’s stock worth $409,677,000 after purchasing an additional 697,700 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other ConocoPhillips news, CEO Ryan Michael Lance sold 500,708 shares of ConocoPhillips stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 325,972 shares of the company’s stock, valued at $30,152,410. The trade was a 60.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.24% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on COP shares. Sanford C. Bernstein lowered their target price on shares of ConocoPhillips from $116.00 to $98.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Wolfe Research upped their target price on ConocoPhillips from $122.00 to $123.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Weiss Ratings restated a “hold (c-)” rating on shares of ConocoPhillips in a research report on Monday, December 29th. Raymond James Financial increased their target price on ConocoPhillips from $113.00 to $118.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, The Goldman Sachs Group raised their price target on shares of ConocoPhillips from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, February 6th. Seventeen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $115.00.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $111.51 on Friday. The business’s fifty day moving average price is $98.34 and its 200 day moving average price is $94.23. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $112.07. 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 market capitalization of $137.79 billion, a P/E ratio of 17.59 and a beta of 0.32.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.21). The firm had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.35 billion. ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.98 earnings per share. As a group, research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Wednesday, February 18th will be issued a $0.84 dividend. The ex-dividend date is Wednesday, February 18th. This represents a $3.36 annualized dividend and a yield of 3.0%. ConocoPhillips’s dividend payout ratio (DPR) is presently 53.00%.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips approved a $1.8 billion PPF subsea gas development in the Greater Ekofisk area — plan targets ~11 wells, 4 subsea templates and first gas by Q4 2028, supporting long‑dated production growth and infrastructure value. ConocoPhillips Greenlights Subsea Gas Development, Approves $1.8 Billion Project
• Positive Sentiment: ConocoPhillips and partners presented plans to invest roughly NOK 20 billion (~$2.1B) to restart production on three Greater Ekofisk fields by end‑2028 — a larger consortium investment signal that lowers execution risk and increases near‑term production visibility. ConocoPhillips and partners to invest $2 bln in Greater Ekofisk gas, condensate
• Neutral Sentiment: ConocoPhillips and partners formally submitted development plans for the Greater Ekofisk gas fields (reports vary ~$1.8B–$2.0B), providing regulatory clarity but still subject to approvals and timeline risk. ConocoPhillips submits development plans for Greater Ekofisk Area gas fields
• Neutral Sentiment: Industry press and investment sites are highlighting COP as a trending/closely watched stock and comparing peer moves (e.g., Chevron’s strong 2026 performance), which may drive short‑term flows but are not company‑specific catalysts. ConocoPhillips (COP) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: ConocoPhillips and other U.S. oil companies are in talks with Venezuela’s acting president about recouping past nationalization losses — potential long‑term upside if settlements occur, but timing and recovery size are uncertain. Oil Companies in ‘Active’ Talks Over Recouping Venezuela Losses
• Negative Sentiment: Scotiabank cut its FY2026 and FY2027 EPS forecasts for ConocoPhillips (FY2026 to $2.65, FY2027 to $4.65), reflecting weaker near‑term earnings expectations; analyst downgrades can pressure sentiment and cap multiple expansion. Scotiabank lowers FY2026/FY2027 EPS estimates for ConocoPhillips

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.