Elyxium Wealth LLC Takes Position in ConocoPhillips $COP

Elyxium Wealth LLC purchased a new position in shares of ConocoPhillips (NYSE:COP) during the 2nd quarter, HoldingsChannel.com reports. The firm purchased 13,241 shares of the energy producer’s stock, valued at approximately $1,377,000.

Several other institutional investors and hedge funds also recently made changes to their positions in COP. Capital International Investors raised its holdings in ConocoPhillips by 5.9% in the 4th quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock valued at $4,527,230,000 after buying an additional 2,714,663 shares during the last quarter. AQR Capital Management LLC grew its holdings in ConocoPhillips by 229.2% during the 4th quarter. AQR Capital Management LLC now owns 3,595,177 shares of the energy producer’s stock worth $336,544,000 after acquiring an additional 2,503,156 shares during the last quarter. Janus Henderson Group PLC grew its holdings in ConocoPhillips by 207.9% during the 1st quarter. Janus Henderson Group PLC now owns 3,697,232 shares of the energy producer’s stock worth $488,030,000 after acquiring an additional 2,496,606 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in ConocoPhillips by 6.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock valued at $3,880,151,000 after acquiring an additional 2,350,645 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in ConocoPhillips by 46,105.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,310,281 shares of the energy producer’s stock valued at $304,957,000 after acquiring an additional 2,305,281 shares during the period. Institutional investors and hedge funds own 82.36% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on COP shares. Susquehanna raised their price target on shares of ConocoPhillips from $155.00 to $161.00 and gave the company a “positive” rating in a research note on Tuesday. Argus boosted their price objective on shares of ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Morgan Stanley restated an “overweight” rating and issued a $147.00 price objective on shares of ConocoPhillips in a report on Friday, August 7th. Freedom Capital raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Zacks Research lowered ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $137.68.

ConocoPhillips Stock Up 1.7%

Shares of NYSE COP opened at $126.67 on Friday. The company’s 50 day moving average price is $113.88 and its 200-day moving average price is $116.60. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $135.87. The company has a market capitalization of $152.17 billion, a P/E ratio of 16.75, a price-to-earnings-growth ratio of 1.38 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The company had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $18.79 billion. During the same period in the prior year, the company posted $1.42 earnings per share. ConocoPhillips’s revenue for the quarter was up 32.4% compared to the same quarter last year. Equities analysts forecast that ConocoPhillips will post 10.05 earnings per share for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a yield of 2.7%. ConocoPhillips’s dividend payout ratio is 44.44%.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Traders purchased 68,293 call options on Friday, roughly 339% above the average daily call volume of 15,545. The unusually high call activity signals increased speculative and potentially bullish interest in COP.
• Positive Sentiment: ConocoPhillips reported record Permian production and generated approximately $4.2 billion in second-quarter free cash flow. Management discussed using its financial strength to support expansion in Iraq and liquefied natural gas, which could improve future production and cash generation. ConocoPhillips Q2 2026 Earnings Call Transcript
• Positive Sentiment: The Coyote 3SX project on Alaska’s North Slope has achieved first oil. The start-up adds production from a project that received approximately $800 million in funding and reinforces COP’s growth outlook. ConocoPhillips Alaska’s Coyote 3SX Project Achieves First Oil
• Positive Sentiment: Rising oil prices amid tensions around the Strait of Hormuz are providing a favorable commodity-price backdrop for COP, whose earnings and cash flow remain sensitive to oil prices. Why ConocoPhillips Is in Focus as Oil Climbs on Hormuz Tensions
• Positive Sentiment: Susquehanna forecast strong price appreciation for COP, adding to the positive analyst outlook. Susquehanna Forecasts Strong Price Appreciation for ConocoPhillips
• Neutral Sentiment: Brokerages maintain an average “Moderate Buy” recommendation, indicating constructive but not overwhelmingly bullish institutional sentiment. ConocoPhillips Given Average Recommendation of Moderate Buy
• Neutral Sentiment: A broader LNG investment wave involving Qatar, the United States and Argentina may support the long-term market for gas producers, although the article does not announce a new COP project. Five LNG Megaprojects Poised to Power the Next Gas Boom

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.