Czech National Bank Raises Stock Holdings in ConocoPhillips $COP

Czech National Bank increased its holdings in shares of ConocoPhillips (NYSE:COP) by 3.9% in the second quarter, Holdings Channel reports. The firm owned 346,773 shares of the energy producer’s stock after buying an additional 13,104 shares during the quarter. Czech National Bank’s holdings in ConocoPhillips were worth $36,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of ConocoPhillips during the fourth quarter worth about $25,000. Strive Asset Management LLC purchased a new position in ConocoPhillips during the 3rd quarter valued at about $28,000. Frazier Financial Advisors LLC raised its position in shares of ConocoPhillips by 151.0% during the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after purchasing an additional 145 shares during the last quarter. BNP Paribas acquired a new position in shares of ConocoPhillips in the second quarter worth $33,000. Finally, Optima Capital LLC acquired a new position in ConocoPhillips in the 4th quarter valued at about $34,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Stock Performance

Shares of COP stock opened at $116.56 on Friday. The firm has a market capitalization of $142.01 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 1.35 and a beta of 0.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14. The business has a 50 day simple moving average of $113.01 and a 200 day simple moving average of $115.59. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $135.87.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $18.79 billion. During the same period in the previous year, the firm earned $1.42 EPS. ConocoPhillips’s revenue was up 32.4% on a year-over-year basis. On average, equities research analysts anticipate that ConocoPhillips will post 9.49 EPS for the current year.

ConocoPhillips Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be issued a $0.84 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.9%. ConocoPhillips’s dividend payout ratio is presently 57.05%.

Analyst Upgrades and Downgrades

COP has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price target on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Capital One Financial decreased their price objective on shares of ConocoPhillips from $156.00 to $154.00 and set an “equal weight” rating for the company in a research note on Monday, May 18th. Truist Financial lowered their target price on ConocoPhillips from $128.00 to $115.00 and set a “hold” rating for the company in a research note on Wednesday, July 8th. Susquehanna boosted their price objective on shares of ConocoPhillips from $152.00 to $155.00 and gave the stock a “positive” rating in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada set a $130.00 target price on ConocoPhillips in a research report on Monday, June 22nd. Eighteen investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $134.16.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Quarterly earnings substantially exceeded expectations. ConocoPhillips reported adjusted earnings of $3.24 per share, above the $2.90–$2.96 consensus range and more than double the $1.42 reported a year earlier. Revenue increased 32.4% year over year, supported by higher realized oil and gas prices. ConocoPhillips Q2 earnings beat
• Positive Sentiment: Cash generation and capital returns were strong. The company generated approximately $7.4 billion in operating cash flow, repurchased $2 billion of stock during the quarter and declared a quarterly dividend of $0.84 per share, payable September 1 to investors of record August 17. ConocoPhillips second-quarter results and dividend
• Positive Sentiment: Operations and portfolio strategy provided additional support. Record Permian production helped ConocoPhillips exceed production guidance, while a $1.7 billion sale of noncore Lower 48 assets allowed the company to reach its $5 billion divestiture target ahead of schedule. Management maintained its 2026 outlook and expects third-quarter production of 2.29–2.32 million barrels of oil equivalent per day. ConocoPhillips completes asset sale
• Neutral Sentiment: Leadership succession is planned but significant. CFO Andy O’Brien will become president and CEO on September 1, while Ryan Lance transitions to executive chair after 14 years as CEO. Konnie Haynes-Welsh will become CFO. O’Brien’s insider experience may reduce execution risk, although investors will monitor the transition and future strategy. ConocoPhillips leadership succession
• Neutral Sentiment: Qatar LNG timing remains a watch point. Management said any project delays would likely be measured in months rather than years and are not expected to affect free cash flow. Qatar LNG project delays

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.