ConocoPhillips $COP Stock Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC increased its position in ConocoPhillips (NYSE:COP) by 9.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 91,667 shares of the energy producer’s stock after acquiring an additional 7,758 shares during the period. Knights of Columbus Asset Advisors LLC’s holdings in ConocoPhillips were worth $11,472,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COP. State Street Corp lifted its stake in 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 acquiring an additional 50,116,727 shares during the last quarter. Bank of America Corp DE bought a new stake in ConocoPhillips in the second quarter worth approximately $1,260,482,000. Primecap Management Co. CA acquired a new position in shares of ConocoPhillips during the 2nd quarter worth $1,204,726,000. Assenagon Asset Management S.A. increased its stake in shares of 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 purchasing an additional 7,534,536 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of ConocoPhillips during the 2nd quarter worth $716,151,000. Institutional investors own 82.36% of the company’s stock.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: ConocoPhillips raised its quarterly dividend by 10.7%, boosting shareholder returns. The article also examines whether free cash flow can support the higher payout. Article: ConocoPhillips Just Raised Its Dividend 10.7%
• Positive Sentiment: For Q3 2026, revenue rose 29.2% year over year to $20.06 billion and adjusted earnings of $3.27 per share beat analysts’ expectations by 7.3%. Strong results may support investor confidence. Article: COP Q3 2026 deep dive
• Positive Sentiment: The company plans modestly lower 2027 capital spending while aiming to grow production through low-cost resources and efficiency improvements. If achieved, this could strengthen cash flow and reinforce capital discipline. Article: Can ConocoPhillips Sustain Future Production Growth With Lower CapEx?
• Neutral Sentiment: Truist raised its price target from $136 to $142 but kept a “hold” rating, suggesting a more favorable target without a change in its overall recommendation. Article: Truist raises ConocoPhillips price target
• Negative Sentiment: Analysts note that COP’s sizable recent rally and premium valuation could limit further upside. A Q3 review also flagged production declines, which the company’s cost and portfolio measures will need to offset. Article: ConocoPhillips Trades at a Premium

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were 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 directly owned 9,593 shares in the company, valued at $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 is available at the SEC website. 0.09% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on COP shares. William Blair initiated coverage on shares of ConocoPhillips in a research note on Wednesday, October 28th. They issued a “market perform” rating for the company. Argus increased their target price on shares of ConocoPhillips from $136.00 to $153.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Weiss Ratings upgraded ConocoPhillips from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. Truist Financial raised their target price on ConocoPhillips from $136.00 to $142.00 and gave the company a “hold” rating in a report on Monday. Finally, Seaport Research Partners began coverage on ConocoPhillips in a research report on Thursday, September 3rd. They issued a “neutral” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $145.29.

ConocoPhillips Trading Up 0.9%

NYSE:COP opened at $135.61 on Wednesday. The company’s 50 day moving average is $137.06 and its 200-day moving average is $122.49. The company has a quick ratio of 1.37, a current ratio of 1.52 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 firm has a market cap of $160.34 billion, a price-to-earnings ratio of 14.25, a P/E/G ratio of 1.24 and a beta of 0.16.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, November 5th. The energy producer reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.22. ConocoPhillips had a net margin of 16.55% and a return on equity of 17.60%. The business had revenue of $19.43 billion for the quarter, compared to analyst estimates of $18.59 billion. During the same period last year, the business posted $1.61 EPS. ConocoPhillips’s revenue was up 29.2% compared to the same quarter last year. Equities analysts anticipate that ConocoPhillips will post 12.03 EPS for the current year.

ConocoPhillips Increases Dividend

The company 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 dividend of $0.93 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $3.72 dividend on an annualized basis and a yield of 2.7%. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.84. ConocoPhillips’s dividend payout ratio (DPR) is presently 35.29%.

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.