Trek Financial LLC Grows Stock Holdings in ConocoPhillips $COP

Trek Financial LLC lifted its holdings in ConocoPhillips (NYSE:COP) by 45.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,910 shares of the energy producer’s stock after buying an additional 5,290 shares during the quarter. Trek Financial LLC’s holdings in ConocoPhillips were worth $1,599,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Howard Hughes Medical Institute purchased a new stake in ConocoPhillips during the 2nd quarter worth $25,000. Bogart Wealth LLC lifted its stake in shares of ConocoPhillips by 136.8% during the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock worth $28,000 after purchasing an additional 182 shares in the last quarter. Cedar Mountain Advisors LLC lifted its stake in shares of ConocoPhillips by 58.0% during the third quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock worth $30,000 after purchasing an additional 116 shares in the last quarter. Activest Wealth Management boosted its position in shares of ConocoPhillips by 249.5% in the second quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock worth $29,000 after buying an additional 232 shares during the period. Finally, BNP Paribas acquired a new stake in shares of ConocoPhillips in the second quarter valued at about $33,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on COP. Jefferies Financial Group reiterated a “buy” rating on shares of ConocoPhillips in a report on Monday, December 15th. Mizuho increased their price objective on shares of ConocoPhillips from $120.00 to $121.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. The Goldman Sachs Group lifted their price objective on shares of ConocoPhillips from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Johnson Rice downgraded shares of ConocoPhillips from an “accumulate” rating to a “hold” rating and decreased their target price for the company from $108.00 to $105.00 in a research note on Friday, December 5th. Finally, Barclays lowered their price target on shares of ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. Sixteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ConocoPhillips has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Raymond James raised its price target to $113 and kept an “outperform” rating, signaling expected upside and reinforcing buy-side sentiment. Raymond James adjusts price target on ConocoPhillips to $113
• Positive Sentiment: Goldman Sachs lifted its target to $115 and kept a “buy” rating, adding credibility to the view that COP shares have meaningful upside vs. current levels. Goldman Sachs adjusts price target on ConocoPhillips to $115
• Positive Sentiment: Another price-target bump to $116 was reported, adding to analyst-driven momentum and providing a near-term valuation anchor for investors. ConocoPhillips (NYSE:COP) Price Target Raised to $116.00
• Positive Sentiment: Company commentary at industry events emphasized continued Permian growth — management said the Permian “will keep filling the tank,” reinforcing production-growth expectations that support revenue and cash-flow forecasts. ConocoPhillips: Permian will “keep filling the tank”
• Positive Sentiment: Executives urged greater water reuse and new power lines in the Permian — operational measures that can lower costs, expand drilling efficiency and de-risk growth, which investors view favorably. ConocoPhillips leaders see more Permian gains, urge water reuse and new power lines
• Positive Sentiment: Coverage of the 2026 State of Oil & Gas in Midland highlighted industry tailwinds and operational plans that benefit major Permian operators like COP. 2026 State of Oil and Gas hosted in Midland brings insight on new year operations
• Neutral Sentiment: A Zacks piece reviews Wall Street analysts’ recommendations on COP and notes generally optimistic broker views — helpful context but not a fresh catalyst by itself. Is ConocoPhillips (COP) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: JPMorgan downgraded COP from Overweight to Neutral, which could temper upside for the stock and offset some of the bullish analyst moves. ConocoPhillips (NYSE:COP) Earns “Neutral” Rating from JPMorgan Chase & Co.

ConocoPhillips Stock Up 1.5%

COP stock opened at $98.34 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $93.40 and a 200-day simple moving average of $93.01. The company has a market capitalization of $121.52 billion, a P/E ratio of 13.91, a PEG ratio of 2.91 and a beta of 0.32. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $106.20.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.20. The firm had revenue of $15.03 billion for the quarter, compared to analysts’ expectations of $14.51 billion. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The firm’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.78 earnings per share. On average, equities research analysts predict that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 annualized dividend and a dividend yield of 3.4%. ConocoPhillips’s dividend payout ratio is 47.52%.

Insider Activity

In other ConocoPhillips news, CEO Ryan Michael Lance sold 500,708 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the transaction, the chief executive officer owned 325,972 shares of the company’s stock, valued at $30,152,410. This trade represents a 60.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William H. Mcraven bought 5,768 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of $86.68 per share, with a total value of $499,970.24. Following the transaction, the director owned 5,768 shares in the company, valued at approximately $499,970.24. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.24% of the company’s stock.

ConocoPhillips 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.