Cidel Asset Management Inc. Has $27.88 Million Stake in ConocoPhillips $COP

Posted by Brenda Bartman on Jun 24th, 2026

ConocoPhillips logo Cidel Asset Management Inc. raised its holdings in ConocoPhillips (NYSE:COP – Free Report) by 41.6% in the first quarter, HoldingsChannel.com reports. The firm owned 211,202 shares of the energy producer’s stock after purchasing an additional 62,073 shares during the quarter. ConocoPhillips comprises approximately 1.5% of Cidel Asset Management Inc.’s holdings, making the stock its 20th biggest holding. Cidel Asset Management Inc.’s holdings in ConocoPhillips were worth $27,879,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Nicolet Advisory Services LLC grew its position in ConocoPhillips by 0.9% during the fourth quarter. Nicolet Advisory Services LLC now owns 10,352 shares of the energy producer’s stock worth $989,000 after buying an additional 95 shares in the last quarter. Duncan Williams Asset Management LLC lifted its position in shares of ConocoPhillips by 4.4% during the 4th quarter. Duncan Williams Asset Management LLC now owns 2,370 shares of the energy producer’s stock valued at $222,000 after acquiring an additional 100 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of ConocoPhillips by 4.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,570 shares of the energy producer’s stock valued at $241,000 after acquiring an additional 101 shares during the period. Strategic Blueprint LLC grew its holdings in shares of ConocoPhillips by 1.3% during the 4th quarter. Strategic Blueprint LLC now owns 8,018 shares of the energy producer’s stock worth $751,000 after purchasing an additional 101 shares in the last quarter. Finally, Chesapeake Wealth Management grew its holdings in shares of ConocoPhillips by 1.5% during the 4th quarter. Chesapeake Wealth Management now owns 7,160 shares of the energy producer’s stock worth $670,000 after purchasing an additional 103 shares in the last quarter. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Price Performance

COP stock opened at $110.15 on Wednesday. The company has a market capitalization of $134.20 billion, a P/E ratio of 18.70, a PEG ratio of 1.21 and a beta of 0.11. The company has a fifty day moving average price of $118.13 and a 200-day moving average price of $111.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $135.87.

ConocoPhillips (NYSE:COP – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The energy producer reported $1.89 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $15.62 billion. During the same period in the prior year, the company posted $2.09 earnings per share. ConocoPhillips’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, equities analysts expect that ConocoPhillips will post 10.03 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were paid a dividend of $0.84 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $3.36 annualized dividend and a yield of 3.1%. ConocoPhillips’s dividend payout ratio is currently 57.05%.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

Positive Sentiment: Wall Street analyst coverage turned more bullish on ConocoPhillips, with one note highlighting higher price targets and a generally favorable outlook for the stock. This ConocoPhillips Analyst Turns Bullish; Here Are Top 5 Upgrades For Monday
Positive Sentiment: Energy stocks broadly strengthened late Monday, suggesting improved sector sentiment that can support ConocoPhillips along with peers. Sector Update: Energy Stocks Rise Late Afternoon
Positive Sentiment: Reports that ConocoPhillips is expanding its LNG reach across energy markets point to longer-term growth opportunities and diversification. Why Is ConocoPhillips (NYSE:COP) Expanding LNG Reach Across Energy Markets?
Neutral Sentiment: Broader energy-market commentary continues to focus on oil-price volatility and sector concentration risks, which adds uncertainty but does not directly change ConocoPhillips’ outlook. XLE’s Concentration Risk Meets Oil’s Next Move: What to Monitor in June
Negative Sentiment: One recent headline says ConocoPhillips is slipping as crude oil pressure builds, reflecting the near-term headwind from weaker oil prices. ConocoPhillips (NYSE:COP) Slips As Crude Oil Pressure Builds

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Susquehanna upped their price objective on shares of ConocoPhillips from $149.00 to $152.00 in a research report on Friday, May 1st. Wolfe Research upped their price target on shares of ConocoPhillips from $138.00 to $144.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. BMO Capital Markets reduced their price target on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Piper Sandler lifted their price objective on shares of ConocoPhillips from $154.00 to $157.00 and gave the company an “overweight” rating in a research note on Wednesday, April 8th. Finally, Roth Mkm upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $124.00 to $130.00 in a research report on Monday. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ConocoPhillips currently has a consensus rating of “Moderate Buy” and an average price target of $134.32.

Check Out Our Latest Analysis on COP

Insider Buying and Selling

In other ConocoPhillips news, CEO Ryan Michael Lance sold 113,221 shares of the firm’s stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $132.71, for a total value of $15,025,558.91. Following the completion of the sale, the chief executive officer directly owned 350,000 shares in the company, valued at approximately $46,448,500. This trade represents a 24.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

ConocoPhillips Company Profile

(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.