Resona Asset Management Co. Ltd. Has $35.30 Million Position in ConocoPhillips $COP

Posted by Francis Steltz on May 19th, 2026

ConocoPhillips logo Resona Asset Management Co. Ltd. reduced its position in shares of ConocoPhillips (NYSE:COP – Free Report) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 377,759 shares of the energy producer’s stock after selling 18,686 shares during the period. Resona Asset Management Co. Ltd.’s holdings in ConocoPhillips were worth $35,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of COP. Capital International Investors boosted its position in shares of ConocoPhillips by 18.2% during the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock worth $4,318,239,000 after buying an additional 7,037,873 shares during the period. Primecap Management Co. CA boosted its position in shares of ConocoPhillips by 31.3% during the third quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer’s stock worth $979,102,000 after buying an additional 2,467,555 shares during the period. Ameriprise Financial Inc. boosted its position in shares of ConocoPhillips by 20.6% during the third quarter. Ameriprise Financial Inc. now owns 12,994,674 shares of the energy producer’s stock worth $1,228,886,000 after buying an additional 2,216,010 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of ConocoPhillips during the third quarter worth about $135,265,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of ConocoPhillips by 255.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,857,206 shares of the energy producer’s stock worth $173,853,000 after buying an additional 1,334,687 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

Shares of NYSE COP opened at $124.39 on Tuesday. The stock has a 50 day moving average price of $123.21 and a 200 day moving average price of $106.64. ConocoPhillips has a 52 week low of $84.28 and a 52 week high of $135.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. The stock has a market capitalization of $151.54 billion, a PE ratio of 21.12, a price-to-earnings-growth ratio of 1.41 and a beta of 0.14.

ConocoPhillips (NYSE:COP – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The firm had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the prior year, the firm posted $2.09 earnings per share. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. Analysts predict that ConocoPhillips will post 9.66 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 2.7%. ConocoPhillips’s dividend payout ratio is 57.05%.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

Positive Sentiment: ConocoPhillips signed a 30-year gas sales precedent agreement with Glenfarne Alaska LNG to supply North Slope natural gas for Phase One of the Alaska LNG project, strengthening the company’s long-term volume outlook and signaling progress toward a final investment decision. Reuters: Alaska LNG secures supply deal with ConocoPhillips for pipeline project
Positive Sentiment: The Alaska LNG announcement was echoed by multiple reports, reinforcing investor optimism that ConocoPhillips is helping advance a major infrastructure project that could support future gas monetization and regional energy demand. Yahoo Finance: Glenfarne, ConocoPhillips Sign North Slope Gas Sales Precedent Agreement for Alaska LNG
Positive Sentiment: Jefferies raised its price target on ConocoPhillips to $161 from $160 and kept a Buy rating, suggesting continued upside expectations from current levels. MarketScreener: Jefferies adjusts price target on ConocoPhillips
Neutral Sentiment: Capital One Financial trimmed its price target slightly to $154 from $156 while maintaining an Equal Weight rating, a modestly less bullish read but not a major negative for the stock. MarketScreener: Capital One adjusts price target on ConocoPhillips
Neutral Sentiment: Broader commentary on oil prices and options trading pointed to a supportive crude backdrop for COP, but this was more of a market/strategy note than a company-specific fundamental update. Barchart: ConocoPhillips Put Options Look Attractive to Short Sellers as Oil Rises

Analysts Set New Price Targets

Several research analysts have recently weighed in on COP shares. Morgan Stanley upped their price objective on ConocoPhillips from $108.00 to $149.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Scotiabank upped their price objective on ConocoPhillips from $100.00 to $125.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Barclays upped their price objective on ConocoPhillips from $128.00 to $136.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Citigroup upped their price objective on ConocoPhillips from $135.00 to $150.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Finally, Royal Bank Of Canada upped their price objective on ConocoPhillips from $118.00 to $152.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $133.12.

Get Our Latest Analysis on ConocoPhillips

Insider Activity

In other ConocoPhillips news, CEO Ryan Michael Lance sold 506,800 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The stock was sold at an average price of $127.26, for a total value of $64,495,368.00. Following the sale, the chief executive officer owned 6,835 shares in the company, valued at $869,822.10. This represents a 98.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Andrew D. Lundquist sold 34,500 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $119.68, for a total value of $4,128,960.00. Following the completion of the sale, the senior vice president owned 17,469 shares in the company, valued at $2,090,689.92. This represents a 66.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 734,891 shares of company stock valued at $93,345,692. Corporate insiders own 0.09% of the company’s stock.

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.