Fifth Third Bancorp Sells 16,813 Shares of ConocoPhillips $COP

Fifth Third Bancorp trimmed its holdings in ConocoPhillips (NYSE:COP) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 801,121 shares of the energy producer’s stock after selling 16,813 shares during the period. Fifth Third Bancorp owned about 0.07% of ConocoPhillips worth $100,260,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. State Street Corp increased its stake in ConocoPhillips by 73.2% during the 2nd quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock worth $12,328,767,000 after purchasing an additional 50,116,727 shares in the last quarter. BlackRock Inc. raised its holdings in ConocoPhillips by 3.0% during the 2nd quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer’s stock worth $9,760,436,000 after buying an additional 2,712,703 shares during the period. Wellington Management Group LLP lifted its stake in ConocoPhillips by 12.0% in the second quarter. Wellington Management Group LLP now owns 15,072,154 shares of the energy producer’s stock valued at $1,566,901,000 after buying an additional 1,609,759 shares in the last quarter. Bank of America Corp DE bought a new position in ConocoPhillips in the second quarter valued at approximately $1,260,482,000. Finally, Primecap Management Co. CA acquired a new position in shares of ConocoPhillips in the second quarter valued at approximately $1,204,726,000. 82.36% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

COP has been the subject of several research reports. Barclays lowered their price objective on shares of ConocoPhillips from $155.00 to $150.00 and set an “overweight” rating for the company in a research report on Monday, August 17th. Freedom Broker cut shares of ConocoPhillips from a “buy” rating to a “hold” rating and boosted their price objective for the company from $122.00 to $138.00 in a research report on Wednesday. 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. Piper Sandler began coverage on ConocoPhillips in a report on Tuesday, October 27th. They set a “neutral” rating and a $157.00 target price for the company. Finally, Morgan Stanley increased their target price on ConocoPhillips from $151.00 to $159.00 and gave the stock an “overweight” rating in a report on Thursday, October 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and an average target price of $144.69.

Recent ConocoPhillips Headlines

Investors following COP have been watching these headlines:

• Positive Sentiment: Q3 2026 revenue and adjusted profit exceeded analyst expectations, with sales up 29.2% year over year. The results provide a solid near-term earnings backdrop. Article: COP Q3 2026 deep dive
• Neutral Sentiment: The company expects to spend modestly less on capital projects in 2027 while pursuing production growth through low-cost assets and efficiency gains. This could support cash flow, but investors will look for evidence that the plan can deliver growth despite lower spending. Article: Can ConocoPhillips Sustain Future Production Growth With Lower CapEx?
• Negative Sentiment: Freedom Broker lowered its rating from “buy” to “hold.” Although it raised its price target to $138 from $122, that target implies little upside from the cited $137.75 share price, signaling limited near-term valuation potential. Article: Freedom Broker rating information

ConocoPhillips Trading Up 1.6%

NYSE:COP opened at $137.75 on Thursday. The company has a market cap of $162.87 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 1.25 and a beta of 0.16. ConocoPhillips has a twelve month low of $85.70 and a twelve month high of $154.28. The business has a 50 day moving average price of $137.10 and a two-hundred day moving average price of $122.68. 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 (NYSE:COP) last posted its quarterly earnings data 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. The company had revenue of $19.43 billion for the quarter, compared to the consensus estimate of $18.59 billion. ConocoPhillips had a net margin of 16.55% and a return on equity of 17.60%. The firm’s revenue was up 29.2% compared to the same quarter last year. During the same period last year, the company earned $1.61 earnings per share. As a group, analysts expect that ConocoPhillips will post 12.09 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 16th will be paid a $0.93 dividend. This represents a $3.72 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, November 16th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.84. ConocoPhillips’s dividend payout ratio (DPR) is presently 39.08%.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the business’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 sale, the senior vice president directly owned 9,593 shares of the company’s stock, valued at $1,296,493.95. The trade was a 49.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.09% of the company’s stock.

ConocoPhillips Company Profile

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.