ConocoPhillips $COP Position Boosted by NewEdge Wealth LLC

Posted by Stanley Muller on May 13th, 2026

ConocoPhillips logo NewEdge Wealth LLC increased its holdings in ConocoPhillips (NYSE:COP – Free Report) by 34.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 29,492 shares of the energy producer’s stock after purchasing an additional 7,628 shares during the quarter. NewEdge Wealth LLC’s holdings in ConocoPhillips were worth $2,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Tema Etfs LLC acquired a new stake in ConocoPhillips in the third quarter worth approximately $1,804,000. Victory Capital Management Inc. lifted its position in ConocoPhillips by 14.7% in the third quarter. Victory Capital Management Inc. now owns 2,331,176 shares of the energy producer’s stock worth $220,506,000 after purchasing an additional 298,245 shares during the period. Natixis Advisors LLC lifted its position in ConocoPhillips by 8.7% in the third quarter. Natixis Advisors LLC now owns 1,996,426 shares of the energy producer’s stock worth $188,842,000 after purchasing an additional 160,410 shares during the period. Chilton Capital Management LLC lifted its position in ConocoPhillips by 3.2% in the third quarter. Chilton Capital Management LLC now owns 389,995 shares of the energy producer’s stock worth $36,890,000 after purchasing an additional 11,958 shares during the period. Finally, AE Wealth Management LLC lifted its position in ConocoPhillips by 107.5% in the third quarter. AE Wealth Management LLC now owns 103,430 shares of the energy producer’s stock worth $9,783,000 after purchasing an additional 53,587 shares during the period. 82.36% of the stock is owned by institutional investors.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, SVP Heather G. Hrap sold 2,654 shares of the business’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $119.68, for a total transaction of $317,630.72. Following the sale, the senior vice president directly owned 5,663 shares of the company’s stock, valued at $677,747.84. The trade was a 31.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nicholas G. Olds sold 6,994 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $127.06, for a total transaction of $888,657.64. Following the sale, the executive vice president directly owned 5,395 shares in the company, valued at approximately $685,488.70. This trade represents a 56.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 734,891 shares of company stock worth $93,345,692. Insiders own 0.09% of the company’s stock.

ConocoPhillips Price Performance

Shares of NYSE:COP opened at $117.75 on Wednesday. The company’s fifty day moving average is $122.95 and its two-hundred day moving average is $105.73. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 12-month low of $84.28 and a 12-month high of $135.87. The company has a market cap of $143.45 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 1.62 and a beta of 0.14.

ConocoPhillips (NYSE:COP – Get Free Report) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same period in the previous year, the business earned $2.09 EPS. The company’s revenue was down 6.1% on a year-over-year basis. Equities analysts expect that ConocoPhillips will post 9.5 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, May 11th. ConocoPhillips’s payout ratio is 57.05%.

Wall Street Analysts Forecast Growth

COP has been the subject of a number of research analyst reports. Piper Sandler upped their target price on ConocoPhillips from $154.00 to $157.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. The Goldman Sachs Group increased their price objective on ConocoPhillips from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, February 6th. Royal Bank Of Canada increased their price objective on ConocoPhillips from $118.00 to $152.00 and gave the company an “outperform” rating in a research report on Wednesday, April 8th. Morgan Stanley increased their price objective on ConocoPhillips from $108.00 to $149.00 and gave the company an “overweight” rating in a research report on Tuesday, April 28th. Finally, Wolfe Research increased their price objective on ConocoPhillips from $138.00 to $144.00 and gave the company an “outperform” rating in a research report on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $133.04.

Read Our Latest Analysis on ConocoPhillips

About ConocoPhillips

(Free Report)

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.