ConocoPhillips $COP Shares Sold by Keybank National Association OH

Keybank National Association OH lessened its stake in shares of ConocoPhillips (NYSE:COP) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 289,244 shares of the energy producer’s stock after selling 8,631 shares during the quarter. Keybank National Association OH’s holdings in ConocoPhillips were worth $36,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of COP. State Street Corp grew its stake in shares of ConocoPhillips by 73.2% in the second 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. Bank of America Corp DE acquired a new position in ConocoPhillips during the 2nd quarter worth approximately $1,260,482,000. Primecap Management Co. CA acquired a new position in ConocoPhillips during the 2nd quarter worth approximately $1,204,726,000. Assenagon Asset Management S.A. lifted its position in ConocoPhillips by 1,181.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 8,172,490 shares of the energy producer’s stock worth $1,022,787,000 after acquiring an additional 7,534,536 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in ConocoPhillips in the 2nd quarter worth approximately $716,151,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Up 1.6%

Shares of NYSE COP opened at $137.75 on Thursday. 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 has a 1 year low of $85.70 and a 1 year high of $154.28. The stock’s 50-day simple moving average is $137.10 and its 200-day simple moving average is $122.68. The firm has a market cap of $162.87 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 1.25 and a beta of 0.16.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, November 5th. The energy producer reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $3.05 by $0.22. ConocoPhillips had a return on equity of 17.60% and a net margin of 16.55%. The firm had revenue of $19.43 billion during the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the prior year, the business posted $1.61 earnings per share. ConocoPhillips’s revenue for the quarter was up 29.2% on a year-over-year basis. As a group, equities analysts anticipate that ConocoPhillips will post 12.09 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

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

More ConocoPhillips News

Here’s some of the latest news about COP:

• Positive Sentiment: ConocoPhillips raised its quarterly dividend by 10.7%, adding to shareholder returns. The increase is encouraging, though investors will weigh whether free cash flow can sustain the payout. Article: ConocoPhillips Just Raised Its Dividend 10.7%. Does Its Free Cash Flow Cover the 2.5% Yield?
• 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?

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COP. UBS Group reaffirmed an “outperform” rating on shares of ConocoPhillips in a research report on Monday, November 2nd. New Street Research set a $138.00 price objective on shares of ConocoPhillips in a research note on Wednesday. William Blair started coverage on shares of ConocoPhillips in a research report on Wednesday, October 28th. They set a “market perform” rating on the stock. Weiss Ratings upgraded shares of ConocoPhillips from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Finally, Freedom Broker lowered shares of ConocoPhillips from a “buy” rating to a “hold” rating and raised their price target for the company from $122.00 to $138.00 in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $144.69.

Insider Activity

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

About ConocoPhillips

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.