Wellington Management Group LLP Has $2.68 Billion Position in ConocoPhillips $COP

Wellington Management Group LLP lessened its holdings in ConocoPhillips (NYSE:COP) by 9.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,337,549 shares of the energy producer’s stock after selling 2,997,469 shares during the period. Wellington Management Group LLP’s holdings in ConocoPhillips were worth $2,680,449,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in COP. Howard Hughes Medical Institute acquired a new position in shares of ConocoPhillips in the second quarter valued at $25,000. Cloud Capital Management LLC acquired a new stake in shares of ConocoPhillips during the 3rd quarter worth about $26,000. Cedar Mountain Advisors LLC lifted its stake in shares of ConocoPhillips by 58.0% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock worth $30,000 after buying an additional 116 shares during the last quarter. BNP Paribas bought a new stake in shares of ConocoPhillips during the 2nd quarter worth about $33,000. Finally, Bfsg LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter worth about $36,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on COP shares. Susquehanna increased their price target on shares of ConocoPhillips from $115.00 to $121.00 and gave the company a “positive” rating in a report on Friday, February 6th. Citigroup boosted their price objective on ConocoPhillips from $125.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. UBS Group upped their target price on ConocoPhillips from $130.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Wells Fargo & Company increased their target price on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, Argus lifted their price target on ConocoPhillips from $111.00 to $128.00 and gave the stock a “strong-buy” rating in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.33.

ConocoPhillips Price Performance

Shares of ConocoPhillips stock opened at $122.00 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $150.76 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 3.05 and a beta of 0.27. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $122.50. The company has a 50-day simple moving average of $106.62 and a two-hundred day simple moving average of $96.94.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.21). ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.35 billion. During the same quarter in the previous year, the company earned $1.98 EPS. The business’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 18th were given a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a yield of 2.8%. ConocoPhillips’s dividend payout ratio is currently 53.00%.

Insiders Place Their Bets

In other news, CEO Ryan Michael Lance sold 500,708 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 325,972 shares in the company, valued at approximately $30,152,410. This represents a 60.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Kelly Brunetti Rose sold 8,500 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $118.04, for a total value of $1,003,340.00. Following the sale, the senior vice president directly owned 32,984 shares in the company, valued at approximately $3,893,431.36. This trade represents a 20.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 549,208 shares of company stock worth $52,070,430 in the last 90 days. Company insiders own 0.24% of the company’s stock.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Higher crude and geopolitical risk are drawing investor attention to major producers, lifting the sector and COP in particular. Oil Price Back to the Glory Days
• Positive Sentiment: Piper Sandler raised its price target on COP to $154 and set an “overweight” rating, implying significant upside from current levels — a formal analyst endorsement that can support buyer interest. Piper Sandler PT Raise
• Positive Sentiment: TheStreet highlights that while oil-price swings move the stock, the bigger long-term catalyst may be ConocoPhillips’ internal execution — cash returns, portfolio optimization and disciplined capex — which investors view as durable value drivers. Oil’s whiplash is powering ConocoPhillips
• Neutral Sentiment: Broader commentary notes a sector rotation into energy as crude recovers; this macro interest helps COP but increases reliance on commodity moves rather than idiosyncratic stock drivers. Energy is no longer dead money
• Negative Sentiment: An insider sale — a ConocoPhillips director sold roughly $4.75M of stock — is being reported and can be viewed as a near-term caution for some investors. Insider Selling
• Negative Sentiment: Recent quarterly results missed estimates (EPS and revenue), reminding investors that higher oil prices need to translate into consistent operational and earnings improvement to sustain multiple expansion.

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.