Willis Investment Counsel increased its holdings in shares of ConocoPhillips (NYSE:COP – Free Report) by 6.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 274,201 shares of the energy producer’s stock after acquiring an additional 16,768 shares during the quarter. ConocoPhillips comprises about 1.4% of Willis Investment Counsel’s holdings, making the stock its 27th largest position. Willis Investment Counsel’s holdings in ConocoPhillips were worth $28,506,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in COP. Frazier Financial Advisors LLC increased its position in ConocoPhillips by 151.0% in the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after acquiring an additional 145 shares during the period. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of ConocoPhillips during the fourth quarter worth $25,000. Ballast Advisors LLC acquired a new position in shares of ConocoPhillips during the first quarter worth $36,000. Evergreen Advisors LLC bought a new stake in shares of ConocoPhillips in the first quarter worth $36,000. Finally, Allied Private Wealth LLC bought a new stake in shares of ConocoPhillips in the second quarter worth $32,000. 82.36% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts recently weighed in on the company. Weiss Ratings upgraded ConocoPhillips from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Wells Fargo & Company upped their target price on ConocoPhillips from $183.00 to $189.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Jefferies Financial Group increased their target price on shares of ConocoPhillips from $160.00 to $161.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Scotiabank raised their price target on shares of ConocoPhillips from $100.00 to $125.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Mizuho dropped their price target on shares of ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.68.
ConocoPhillips News Summary
Here are the key news stories impacting ConocoPhillips this week:
- Positive Sentiment: Traders purchased 68,293 call options on Friday, roughly 339% above the average daily call volume of 15,545. The unusually high call activity signals increased speculative and potentially bullish interest in COP.
- Positive Sentiment: ConocoPhillips reported record Permian production and generated approximately $4.2 billion in second-quarter free cash flow. Management discussed using its financial strength to support expansion in Iraq and liquefied natural gas, which could improve future production and cash generation. ConocoPhillips Q2 2026 Earnings Call Transcript
- Positive Sentiment: The Coyote 3SX project on Alaska’s North Slope has achieved first oil. The start-up adds production from a project that received approximately $800 million in funding and reinforces COP’s growth outlook. ConocoPhillips Alaska’s Coyote 3SX Project Achieves First Oil
- Positive Sentiment: Rising oil prices amid tensions around the Strait of Hormuz are providing a favorable commodity-price backdrop for COP, whose earnings and cash flow remain sensitive to oil prices. Why ConocoPhillips Is in Focus as Oil Climbs on Hormuz Tensions
- Positive Sentiment: Susquehanna forecast strong price appreciation for COP, adding to the positive analyst outlook. Susquehanna Forecasts Strong Price Appreciation for ConocoPhillips
- Neutral Sentiment: Brokerages maintain an average “Moderate Buy” recommendation, indicating constructive but not overwhelmingly bullish institutional sentiment. ConocoPhillips Given Average Recommendation of Moderate Buy
- Neutral Sentiment: A broader LNG investment wave involving Qatar, the United States and Argentina may support the long-term market for gas producers, although the article does not announce a new COP project. Five LNG Megaprojects Poised to Power the Next Gas Boom
ConocoPhillips Stock Performance
Shares of ConocoPhillips stock opened at $126.67 on Friday. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $113.88 and a two-hundred day moving average price of $116.60. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.87. The company has a market cap of $152.17 billion, a P/E ratio of 16.75, a PEG ratio of 1.38 and a beta of 0.11.
ConocoPhillips (NYSE:COP – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. The company had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The firm’s revenue was up 32.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 EPS. As a group, analysts anticipate that ConocoPhillips will post 10.05 EPS for the current year.
ConocoPhillips Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, August 17th. ConocoPhillips’s payout ratio is presently 44.44%.
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.
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