UNIVEST FINANCIAL Corp Cuts Stake in ConocoPhillips $COP

UNIVEST FINANCIAL Corp lessened its stake in shares of ConocoPhillips (NYSE:COP) by 33.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,254 shares of the energy producer’s stock after selling 6,733 shares during the quarter. UNIVEST FINANCIAL Corp’s holdings in ConocoPhillips were worth $1,254,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Primecap Management Co. CA raised its holdings 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 valued at $707,461,000 after buying an additional 3,135,315 shares during the period. Ameriprise Financial Inc. grew its position 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 in the last quarter. Valeo Financial Advisors LLC raised its stake in shares of ConocoPhillips by 6,156.1% during the second quarter. Valeo Financial Advisors LLC now owns 1,508,169 shares of the energy producer’s stock valued at $135,343,000 after purchasing an additional 1,484,062 shares during the period. First Trust Advisors LP lifted its position in shares of ConocoPhillips by 146.6% during the second 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. Finally, Laurel Wealth Advisors LLC boosted its stake in shares of ConocoPhillips by 8,148.3% in the second quarter. Laurel Wealth Advisors LLC now owns 917,788 shares of the energy producer’s stock valued at $82,362,000 after purchasing an additional 906,661 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COP. Evercore ISI dropped their price target on shares of ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating on the stock in a research note on Monday, October 6th. BMO Capital Markets dropped their target price on ConocoPhillips from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, December 15th. The Goldman Sachs Group boosted their price target on ConocoPhillips from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday. Susquehanna lowered their price objective on ConocoPhillips to $113.00 and set a “positive” rating for the company in a research note on Monday, October 20th. Finally, Raymond James Financial lifted their price objective on ConocoPhillips from $98.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday. Sixteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.61.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Raymond James raised its price target to $113 and kept an “outperform” rating, signaling expected upside and reinforcing buy-side sentiment. Raymond James adjusts price target on ConocoPhillips to $113
• Positive Sentiment: Goldman Sachs lifted its target to $115 and kept a “buy” rating, adding credibility to the view that COP shares have meaningful upside vs. current levels. Goldman Sachs adjusts price target on ConocoPhillips to $115
• Positive Sentiment: Another price-target bump to $116 was reported, adding to analyst-driven momentum and providing a near-term valuation anchor for investors. ConocoPhillips (NYSE:COP) Price Target Raised to $116.00
• Positive Sentiment: Company commentary at industry events emphasized continued Permian growth — management said the Permian “will keep filling the tank,” reinforcing production-growth expectations that support revenue and cash-flow forecasts. ConocoPhillips: Permian will “keep filling the tank”
• Positive Sentiment: Executives urged greater water reuse and new power lines in the Permian — operational measures that can lower costs, expand drilling efficiency and de-risk growth, which investors view favorably. ConocoPhillips leaders see more Permian gains, urge water reuse and new power lines
• Positive Sentiment: Coverage of the 2026 State of Oil & Gas in Midland highlighted industry tailwinds and operational plans that benefit major Permian operators like COP. 2026 State of Oil and Gas hosted in Midland brings insight on new year operations
• Neutral Sentiment: A Zacks piece reviews Wall Street analysts’ recommendations on COP and notes generally optimistic broker views — helpful context but not a fresh catalyst by itself. Is ConocoPhillips (COP) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: JPMorgan downgraded COP from Overweight to Neutral, which could temper upside for the stock and offset some of the bullish analyst moves. ConocoPhillips (NYSE:COP) Earns “Neutral” Rating from JPMorgan Chase & Co.

Insider Buying and Selling at ConocoPhillips

In other news, 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 value 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. The trade was a 60.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William H. Mcraven acquired 5,768 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average cost of $86.68 per share, with a total value of $499,970.24. Following the transaction, the director owned 5,768 shares in the company, valued at approximately $499,970.24. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.24% of the stock is owned by insiders.

ConocoPhillips Stock Up 1.5%

Shares of ConocoPhillips stock opened at $98.34 on Friday. The business has a 50-day moving average price of $93.40 and a 200 day moving average price of $93.03. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $106.20. The firm has a market cap of $121.52 billion, a P/E ratio of 13.91, a P/E/G ratio of 2.86 and a beta of 0.32. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, November 6th. The energy producer reported $1.61 EPS for the quarter, topping 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 company had revenue of $15.03 billion during the quarter, compared to analyst estimates of $14.51 billion. During the same quarter last year, the firm earned $1.78 EPS. The business’s revenue was up 14.1% on a year-over-year basis. On average, sell-side analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a $0.84 dividend. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Monday, November 17th. ConocoPhillips’s dividend payout ratio is presently 47.52%.

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.