62,972 ConocoPhillips $COP Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. reduced its position in ConocoPhillips (NYSE:COP) by 42.3% in the third quarter, Holdings Channel.com reports. The fund owned 85,967 shares of the energy producer’s stock after selling 62,972 shares during the period. Jefferies Financial Group Inc.’s holdings in ConocoPhillips were worth $10,759,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Carolina Wealth Advisors LLC purchased a new stake in ConocoPhillips during the 3rd quarter valued at $28,000. Frazier Financial Advisors LLC raised its stake in shares of ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after purchasing an additional 145 shares during the last quarter. Allied Private Wealth LLC purchased a new position in shares of ConocoPhillips in the second quarter worth $32,000. William Mack & Associates Inc. bought a new position in shares of ConocoPhillips during the third quarter valued at $34,000. Finally, Evergreen Advisors LLC bought a new position in shares of ConocoPhillips during the first quarter valued at $36,000. 82.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on COP. Stifel Nicolaus assumed coverage on ConocoPhillips in a research report on Thursday, September 10th. They set a “hold” rating and a $148.00 price objective on the stock. William Blair initiated coverage on ConocoPhillips in a research report on Wednesday, October 28th. They issued a “market perform” rating for the company. Mizuho set a $149.00 target price on shares of ConocoPhillips in a research note on Thursday, November 5th. Freedom Capital upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Wall Street Zen raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $144.69.

ConocoPhillips Trading Up 1.6%

NYSE:COP opened at $137.75 on Thursday. The company has a current ratio of 1.52, a quick ratio of 1.37 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12 month low of $85.70 and a 12 month high of $154.28. The company has a market cap of $162.87 billion, a PE ratio of 14.47, a price-to-earnings-growth 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 (NYSE:COP) last announced its 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. The business had revenue of $19.43 billion during the quarter, compared to analyst estimates of $18.59 billion. ConocoPhillips had a net margin of 16.55% and a return on equity of 17.60%. The company’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.61 EPS. Research analysts forecast that ConocoPhillips will post 12.09 earnings per share for the current year.

ConocoPhillips Increases Dividend

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

Key Headlines Impacting ConocoPhillips

Investors following COP have been watching these headlines:

• 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

Insider Activity at ConocoPhillips

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

ConocoPhillips Company 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.