HighTower Advisors LLC Purchases 95,257 Shares of ConocoPhillips $COP

HighTower Advisors LLC boosted its position in shares of ConocoPhillips (NYSE:COP) by 12.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 846,912 shares of the energy producer’s stock after purchasing an additional 95,257 shares during the quarter. HighTower Advisors LLC owned about 0.07% of ConocoPhillips worth $88,045,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in COP. Frazier Financial Advisors LLC raised its holdings in ConocoPhillips by 151.0% in the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after acquiring an additional 145 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in shares of ConocoPhillips during the fourth quarter valued at $25,000. Ballast Advisors LLC bought a new stake in ConocoPhillips in the 1st quarter worth about $36,000. Evergreen Advisors LLC bought a new position in ConocoPhillips during the 1st quarter valued at about $36,000. Finally, Allied Private Wealth LLC purchased a new stake in shares of ConocoPhillips during the 2nd quarter valued at about $32,000. Institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on COP shares. Capital One Financial cut their target price on shares of ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a research report on Monday, May 18th. UBS Group raised their price target on ConocoPhillips from $143.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday. Freedom Capital raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Roth Capital upgraded ConocoPhillips from a “neutral” rating to a “buy” rating and upped their price objective for the company from $124.00 to $130.00 in a research report on Monday, June 22nd. Finally, Wall Street Zen raised ConocoPhillips from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and a consensus price target of $137.68.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Traders purchased 68,293 call options on Friday, roughly 339% above the average daily call volume of 15,545. The unusually high call activity signals increased speculative and potentially bullish interest in COP.
• Positive Sentiment: ConocoPhillips reported record Permian production and generated approximately $4.2 billion in second-quarter free cash flow. Management discussed using its financial strength to support expansion in Iraq and liquefied natural gas, which could improve future production and cash generation. ConocoPhillips Q2 2026 Earnings Call Transcript
• Positive Sentiment: The Coyote 3SX project on Alaska’s North Slope has achieved first oil. The start-up adds production from a project that received approximately $800 million in funding and reinforces COP’s growth outlook. ConocoPhillips Alaska’s Coyote 3SX Project Achieves First Oil
• Positive Sentiment: Rising oil prices amid tensions around the Strait of Hormuz are providing a favorable commodity-price backdrop for COP, whose earnings and cash flow remain sensitive to oil prices. Why ConocoPhillips Is in Focus as Oil Climbs on Hormuz Tensions
• Positive Sentiment: Susquehanna forecast strong price appreciation for COP, adding to the positive analyst outlook. Susquehanna Forecasts Strong Price Appreciation for ConocoPhillips
• Neutral Sentiment: Brokerages maintain an average “Moderate Buy” recommendation, indicating constructive but not overwhelmingly bullish institutional sentiment. ConocoPhillips Given Average Recommendation of Moderate Buy
• Neutral Sentiment: A broader LNG investment wave involving Qatar, the United States and Argentina may support the long-term market for gas producers, although the article does not announce a new COP project. Five LNG Megaprojects Poised to Power the Next Gas Boom

ConocoPhillips Trading Down 0.1%

Shares of ConocoPhillips stock opened at $126.67 on Monday. The stock has a market capitalization of $152.17 billion, a PE ratio of 16.75, a P/E/G ratio of 1.40 and a beta of 0.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. The company’s fifty day simple moving average is $113.88 and its 200-day simple moving average is $116.72. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.87.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.34. The business had revenue of $19.52 billion during the quarter, compared to analyst estimates of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.ConocoPhillips’s revenue for the quarter was up 32.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.42 earnings per share. As a group, equities analysts anticipate that ConocoPhillips will post 10.05 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.84 per share. The ex-dividend date is Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a yield of 2.7%. ConocoPhillips’s dividend payout ratio (DPR) is presently 44.44%.

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.