Martingale Asset Management L P Lowers Stock Holdings in ConocoPhillips $COP

Martingale Asset Management L P decreased its holdings in shares of ConocoPhillips (NYSE:COP) by 22.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 142,895 shares of the energy producer’s stock after selling 41,721 shares during the period. Martingale Asset Management L P’s holdings in ConocoPhillips were worth $13,516,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Howard Hughes Medical Institute bought a new stake in ConocoPhillips during the second quarter worth approximately $25,000. Cloud Capital Management LLC purchased a new position in ConocoPhillips in the third quarter valued at $26,000. Cedar Mountain Advisors LLC boosted its stake in 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 purchasing an additional 116 shares during the last quarter. BNP Paribas acquired a new position in ConocoPhillips in the 2nd quarter valued at about $33,000. Finally, Bfsg LLC purchased a new stake in shares of ConocoPhillips during the 3rd quarter worth $36,000. 82.36% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Timothy A. Leach sold 40,000 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $118.79, for a total transaction of $4,751,600.00. Following the completion of the sale, the director owned 411,211 shares in the company, valued at $48,847,754.69. The trade was a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kelly Brunetti Rose sold 8,500 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $118.04, for a total value of $1,003,340.00. Following the transaction, the senior vice president owned 32,984 shares of the company’s stock, valued at approximately $3,893,431.36. This represents a 20.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 549,208 shares of company stock worth $52,070,430 in the last ninety days. 0.24% of the stock is owned by corporate insiders.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Piper Sandler raised its price target on COP to $154 and moved to an “overweight” rating, a high-profile upgrade that likely attracted buyers and helped support the stock. Read More.
• Positive Sentiment: Goldman Sachs added ConocoPhillips to its U.S. Conviction List and other analysts have recently lifted targets — institutional endorsements and multiple upgrades underpin demand and justify higher valuations. Read More.
• Positive Sentiment: Sector tailwinds: EIA projections for higher 2026 oil prices and recent WTI strength support E&P cash flow outlooks (beneficial for COP’s revenue and free-cash-flow trajectory). Rising oil expectations are a positive backdrop. Read More.
• Neutral Sentiment: Analyst and press coverage (Zacks, MarketBeat) highlights shifting company strategy from growth to “cash harvesting” after the Marathon Oil integration — this can mean more buybacks/dividends but raises questions about long-term growth. Watch management commentary and capex guidance. Read More.
• Neutral Sentiment: Portfolio moves: the company is pursuing divestitures (e.g., ~$2B Permian asset sale) as it reshapes assets post-acquisition — could improve capital allocation but execution/timing matters. Read More.
• Negative Sentiment: Insider selling: recent disclosed sales include a director sale (~$4.75M) and SVP sales (~$1.0M). Large insider exits can increase near-term selling pressure and raise governance questions for some investors. Read More. Read More.
• Negative Sentiment: Regulatory/legal risk: Louisiana is reportedly close to a deal with ConocoPhillips over coastal erosion — potential settlement costs or remediation obligations could be a headline risk. Read More.
• Negative Sentiment: Oil-price volatility: after earlier tension-driven strength, crude has pulled back on strategic-reserve-related headlines; near-term crude weakness would pressure E&P revenue and margins and could cap COP’s multiple. Read More.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $120.39 on Friday. The stock’s fifty day simple moving average is $106.11 and its 200 day simple moving average is $96.77. The company has a market capitalization of $148.77 billion, a PE ratio of 18.99, a PEG ratio of 2.97 and a beta of 0.27. The company has a current ratio of 1.30, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 12 month low of $79.88 and a 12 month high of $122.50.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.21). ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The firm had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.35 billion. During the same period last year, the firm posted $1.98 earnings per share. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. On average, research analysts predict that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced 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. This represents a $3.36 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, February 18th. ConocoPhillips’s dividend payout ratio is currently 53.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on COP shares. Mizuho raised their target price on shares of ConocoPhillips from $120.00 to $121.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Capital One Financial lifted their price objective on shares of ConocoPhillips from $111.00 to $116.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. Zacks Research downgraded ConocoPhillips from a “hold” rating to a “strong sell” rating in a research note on Friday, February 27th. Johnson Rice lowered ConocoPhillips from an “accumulate” rating to a “hold” rating and lowered their target price for the company from $108.00 to $105.00 in a research note on Friday, December 5th. Finally, Piper Sandler lifted their price target on ConocoPhillips from $111.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $119.33.

About ConocoPhillips

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.