Davis Selected Advisers Buys 198,576 Shares of ConocoPhillips $COP

Davis Selected Advisers raised its stake in ConocoPhillips (NYSE:COP) by 12.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,797,887 shares of the energy producer’s stock after buying an additional 198,576 shares during the quarter. Davis Selected Advisers’ holdings in ConocoPhillips were worth $168,301,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Wedge Capital Management L L P NC lifted its stake in ConocoPhillips by 4.1% in the fourth quarter. Wedge Capital Management L L P NC now owns 2,570 shares of the energy producer’s stock valued at $241,000 after buying an additional 101 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of ConocoPhillips by 1.3% during the fourth quarter. Strategic Blueprint LLC now owns 8,018 shares of the energy producer’s stock worth $751,000 after buying an additional 101 shares during the period. Oregon Pacific Wealth Management LLC grew its holdings in shares of ConocoPhillips by 4.5% during the fourth quarter. Oregon Pacific Wealth Management LLC now owns 2,414 shares of the energy producer’s stock worth $226,000 after buying an additional 104 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its holdings in shares of ConocoPhillips by 5.1% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 2,231 shares of the energy producer’s stock worth $209,000 after buying an additional 109 shares in the last quarter. Finally, Wright Investors Service Inc. grew its holdings in shares of ConocoPhillips by 1.1% during the fourth quarter. Wright Investors Service Inc. now owns 9,792 shares of the energy producer’s stock worth $917,000 after buying an additional 109 shares in the last quarter. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

Shares of COP stock opened at $123.19 on Friday. The company’s fifty day simple moving average is $122.17 and its 200-day simple moving average is $104.22. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. The firm has a market cap of $150.15 billion, a PE ratio of 19.43, a P/E/G ratio of 1.78 and a beta of 0.14. ConocoPhillips has a 12 month low of $84.28 and a 12 month high of $135.87.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results 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. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The firm had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same period in the prior year, the firm posted $2.09 earnings per share. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. Equities research analysts expect that ConocoPhillips will post 9.46 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

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

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Q1 results beat estimates on EPS and showed disciplined cost control and strong cash generation, supporting near‑term profitability. ConocoPhillips Q1 EPS beats estimates; shares fall on Qatar output cut
• Positive Sentiment: Higher crude prices from Mideast tensions are boosting margins and expected free cash flow, increasing capacity for buybacks/dividends. Higher Oil Prices Are Boosting This Oil Stock’s Profits. Here’s How It’s Using That Windfall.
• Positive Sentiment: Management outlined a $12.0–$12.5B 2026 capex range and reiterated multiyear free‑cash‑flow targets (on track for ~$7B FCF inflection by 2029), which supports long‑term shareholder returns. ConocoPhillips outlines $12B-$12.5B 2026 capex range…
• Neutral Sentiment: Zacks upgraded COP to strong‑buy and broader analyst commentary may influence flows, but upgrades are offset by the company’s trimmed production view. Is It Worth Investing in ConocoPhillips (COP) Based on Wall Street’s Bullish Views?
• Negative Sentiment: Management excluded Qatar from Q2 guidance and trimmed full‑year production targets amid the Middle East conflict, a direct hit to near‑term volume expectations. ConocoPhillips Q1 2026 earnings fall 21% to $2.2bn
• Negative Sentiment: YoY production and revenues declined (revenue down ~6%), and management warned of wider supply disruption risks — factors pressuring the stock despite the beat. ConocoPhillips posts lower first-quarter profit
• Negative Sentiment: Geopolitical escalation (Iran/Stait of Hormuz concerns) has pushed oil higher but raises operational and guidance uncertainty; market reaction shows shares falling on the guidance cut despite higher commodity prices. Oil Set for Weekly Gain as Trump Says Iran Blockade Will Persist

Insider Activity

In other ConocoPhillips news, SVP Andrew D. Lundquist sold 34,500 shares of the company’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $119.68, for a total transaction of $4,128,960.00. Following the sale, the senior vice president directly owned 17,469 shares of the company’s stock, valued at approximately $2,090,689.92. This represents a 66.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the company’s stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the sale, the senior vice president directly owned 25,284 shares in the company, valued at $3,287,678.52. This trade represents a 23.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 734,891 shares of company stock valued at $93,345,692. 0.09% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on COP shares. Scotiabank increased their price objective on ConocoPhillips from $100.00 to $125.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Sanford C. Bernstein boosted their price objective on shares of ConocoPhillips from $98.00 to $121.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Morgan Stanley boosted their price objective on shares of ConocoPhillips from $108.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on shares of ConocoPhillips from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, February 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of ConocoPhillips from $98.00 to $103.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.92.

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.