52,033 ConocoPhillips $COP Shares Sold by King Luther Capital Management Corp

King Luther Capital Management Corp decreased its holdings in ConocoPhillips (NYSE:COP) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,016,159 shares of the energy producer’s stock after selling 52,033 shares during the period. ConocoPhillips comprises approximately 1.0% of King Luther Capital Management Corp’s holdings, making the stock its 20th largest holding. King Luther Capital Management Corp owned approximately 0.17% of ConocoPhillips worth $252,322,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of COP. State Street Corp lifted its holdings in ConocoPhillips by 73.2% during the 2nd quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock valued at $12,328,767,000 after buying an additional 50,116,727 shares in the last quarter. BlackRock Inc. grew its stake in ConocoPhillips by 3.0% in the 2nd quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer’s stock worth $9,760,436,000 after acquiring an additional 2,712,703 shares in the last quarter. Wellington Management Group LLP grew its stake in ConocoPhillips by 12.0% in the 2nd quarter. Wellington Management Group LLP now owns 15,072,154 shares of the energy producer’s stock worth $1,566,901,000 after acquiring an additional 1,609,759 shares in the last quarter. Bank of America Corp DE purchased a new position in shares of ConocoPhillips during the second quarter worth approximately $1,260,482,000. Finally, Primecap Management Co. CA purchased a new position in shares of ConocoPhillips during the second quarter worth approximately $1,204,726,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Insiders Place Their Bets

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $135.15, for a total value of $1,282,168.05. Following the completion of the sale, the senior vice president directly owned 9,593 shares in the company, valued at $1,296,493.95. This trade represents a 49.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is currently owned by company insiders.

ConocoPhillips News Summary

Investors following COP have been watching these news items:

• Positive Sentiment: Q3 2026 revenue and adjusted profit exceeded analyst expectations, with sales up 29.2% year over year. The results provide a solid near-term earnings backdrop. Article: COP Q3 2026 deep dive
• Neutral Sentiment: The company expects to spend modestly less on capital projects in 2027 while pursuing production growth through low-cost assets and efficiency gains. This could support cash flow, but investors will look for evidence that the plan can deliver growth despite lower spending. Article: Can ConocoPhillips Sustain Future Production Growth With Lower CapEx?
• Negative Sentiment: Freedom Broker lowered its rating from “buy” to “hold.” Although it raised its price target to $138 from $122, that target implies little upside from the cited $137.75 share price, signaling limited near-term valuation potential. Article: Freedom Broker rating information

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $137.75 on Thursday. The company has a market capitalization of $162.87 billion, a PE ratio of 14.47, a P/E/G ratio of 1.25 and a beta of 0.16. The company has a 50-day simple moving average of $137.10 and a two-hundred day simple moving average of $122.68. ConocoPhillips has a one year low of $85.70 and a one year high of $154.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.37 and a current ratio of 1.52.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, November 5th. The energy producer reported $3.27 earnings per share for the quarter, beating analysts’ consensus estimates of $3.05 by $0.22. ConocoPhillips had a net margin of 16.55% and a return on equity of 17.60%. The business had revenue of $19.43 billion for the quarter, compared to analysts’ expectations of $18.59 billion. During the same period last year, the business earned $1.61 EPS. The company’s revenue was up 29.2% compared to the same quarter last year. Research analysts expect that ConocoPhillips will post 12.09 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.7%. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.84. The ex-dividend date is Monday, November 16th. ConocoPhillips’s payout ratio is 39.08%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $156.00 price target on shares of ConocoPhillips in a report on Wednesday. Piper Sandler initiated coverage on ConocoPhillips in a research report on Tuesday, October 27th. They set a “neutral” rating and a $157.00 target price for the company. New Street Research set a $138.00 target price on ConocoPhillips in a report on Wednesday. UBS Group reiterated an “outperform” rating on shares of ConocoPhillips in a report on Monday, November 2nd. Finally, Truist Financial increased their price target on ConocoPhillips from $136.00 to $142.00 and gave the stock a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $144.69.

ConocoPhillips Profile

ConocoPhillips is an independent exploration and production company focused on finding, developing and producing oil and natural gas. Its products include crude oil, natural gas, liquefied natural gas and natural gas liquids. The company operates in several regions, including North America, Europe, the Middle East, North Africa and the Asia-Pacific. Its activities span exploration, development and production, with a portfolio that includes both conventional and unconventional resources. ConocoPhillips was formed in 2002 through the merger of Conoco and Phillips Petroleum.