ConocoPhillips $COP Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in ConocoPhillips (NYSE:COP) by 2.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,043,486 shares of the energy producer’s stock after selling 23,530 shares during the quarter. New York State Teachers Retirement System’s holdings in ConocoPhillips were worth $97,681,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in COP. AXA S.A. raised its stake in ConocoPhillips by 91.1% during the 2nd quarter. AXA S.A. now owns 84,937 shares of the energy producer’s stock valued at $7,622,000 after acquiring an additional 40,499 shares during the last quarter. Sei Investments Co. increased its holdings in shares of ConocoPhillips by 6.1% in the second quarter. Sei Investments Co. now owns 784,368 shares of the energy producer’s stock valued at $70,397,000 after purchasing an additional 44,852 shares during the period. BNP Paribas purchased a new stake in shares of ConocoPhillips during the second quarter worth approximately $33,000. Osterweis Capital Management Inc. purchased a new stake in shares of ConocoPhillips during the second quarter worth approximately $151,000. Finally, Main Street Financial Solutions LLC lifted its holdings in shares of ConocoPhillips by 53.5% during the second quarter. Main Street Financial Solutions LLC now owns 4,806 shares of the energy producer’s stock worth $431,000 after purchasing an additional 1,675 shares during the period. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher oil prices are lifting ConocoPhillips’ cash generation and management says it will deploy the windfall toward returns and growth, supporting earnings and buybacks/dividends. Higher Oil Prices Are Boosting This Oil Stock’s Profits. Here’s How It’s Using That Windfall.
• Positive Sentiment: Global crude has spiked (>$111–$117/bbl) amid Middle East tensions, which should lift ConocoPhillips’ realized prices and margins if sustained. Crude Oil Surges Past $111 as Iran Standoff Shuts Key Shipping Lane
• Positive Sentiment: Broker support: Morgan Stanley lifted its price target to $149 (overweight), and Zacks upgraded COP — reinforcing buy-side interest. Morgan Stanley adjusts ConocoPhillips price target to $149
• Positive Sentiment: Management reiterated a disciplined plan: 2026 capex $12.0B–$12.5B and a roadmap toward a $7B free?cash?flow inflection by 2029 — positive for long?term capital returns. ConocoPhillips outlines $12B-$12.5B 2026 capex range while staying on track for $7B free cash
• Positive Sentiment: Quarterly dividend declared ($0.84/share) underpins yield and shareholder returns. ConocoPhillips announces first-quarter 2026 results and quarterly dividend
• Neutral Sentiment: Q1 results beat EPS expectations ($1.89 vs. est. ~$1.68) and revenue slightly topped estimates, but results are down year?over?year. That supports valuation but tempers enthusiasm. ConocoPhillips: Q1 Earnings Snapshot
• Neutral Sentiment: Company is revisiting international opportunities (e.g., Venezuela technical assessments) — potential long?term upside but uncertain near-term impact. These Oil Giants Had Written Off Venezuela. Now They Are Taking a Second Look.
• Negative Sentiment: Management trimmed 2026 production guidance and excluded Qatar volumes amid Middle East disruptions — a material near?term supply hit that knocked investor confidence. ConocoPhillips posts lower first-quarter profit
• Negative Sentiment: ConocoPhillips warned of possible “critical shortages” if shipping lanes remain closed and operations are disrupted — heightening execution risk and near?term volatility. ConocoPhillips Sees ‘Critical Shortages’ of Oil on Horizon
• Negative Sentiment: Despite the beat, shares fell after the guidance cut — investors punished the company for lower volumes and heightened geopolitical uncertainty. ConocoPhillips Earnings Beat Expectations. Why the Stock Is Falling.

ConocoPhillips Stock Performance

NYSE:COP opened at $126.10 on Friday. 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 firm has a 50-day moving average price of $122.17 and a two-hundred day moving average price of $104.22. ConocoPhillips has a twelve month low of $84.28 and a twelve month high of $135.87. The company has a market capitalization of $153.69 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 1.81 and a beta of 0.19.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $0.21. The firm had revenue of $15.76 billion during the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.09 EPS. As a group, research analysts expect that ConocoPhillips will post 9.46 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be issued a dividend of $0.84 per share. The ex-dividend date is Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.7%. ConocoPhillips’s payout ratio is 53.00%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 113,221 shares of ConocoPhillips stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $132.71, for a total value of $15,025,558.91. Following the completion of the sale, the chief executive officer directly owned 350,000 shares of the company’s stock, valued at approximately $46,448,500. The trade was a 24.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew D. Lundquist sold 34,500 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $119.68, for a total value of $4,128,960.00. Following the completion of the transaction, the senior vice president owned 17,469 shares of the company’s stock, valued at $2,090,689.92. This trade represents a 66.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 734,891 shares of company stock valued at $93,345,692. Corporate insiders own 0.09% of the company’s stock.

Analyst Upgrades and Downgrades

COP has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of ConocoPhillips from $98.00 to $103.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Argus raised their target price on shares of ConocoPhillips from $111.00 to $128.00 and gave the stock a “strong-buy” rating in a research note on Friday, February 13th. Wells Fargo & Company lifted their target price on shares of ConocoPhillips from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Raymond James Financial increased their price target on shares of ConocoPhillips from $118.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Zacks Research raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average price target of $132.44.

ConocoPhillips Company 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.