Janney Montgomery Scott LLC Invests $35.95 Million in ConocoPhillips $COP

Posted by Brenda Bartman on Aug 17th, 2026

ConocoPhillips logo Janney Montgomery Scott LLC purchased a new position in shares of ConocoPhillips (NYSE:COP – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 345,845 shares of the energy producer’s stock, valued at approximately $35,954,000.

Several other large investors have also bought and sold shares of the business. Frazier Financial Advisors LLC boosted its position in shares of ConocoPhillips by 151.0% in the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after purchasing an additional 145 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of ConocoPhillips during the fourth quarter worth $25,000. Ballast Advisors LLC bought a new stake in ConocoPhillips in the first quarter valued at about $36,000. Evergreen Advisors LLC bought a new stake in ConocoPhillips in the first quarter valued at about $36,000. Finally, Allied Private Wealth LLC acquired a new position in ConocoPhillips in the second quarter valued at about $32,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips Stock Performance

COP opened at $126.67 on Monday. The business’s 50-day moving average price is $113.88 and its two-hundred day moving average price is $116.72. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.87. The company has a market capitalization of $152.17 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 1.40 and a beta of 0.11. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39.

ConocoPhillips (NYSE:COP – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The business had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. During the same period last year, the company earned $1.42 earnings per share. ConocoPhillips’s quarterly revenue was up 32.4% on a year-over-year basis. Equities analysts expect that ConocoPhillips will post 10.05 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, August 17th. ConocoPhillips’s dividend payout ratio (DPR) is currently 44.44%.

Key Stories Impacting ConocoPhillips

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on COP shares. Argus increased their price target on shares of ConocoPhillips from $128.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings upgraded shares of ConocoPhillips from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Truist Financial upped their target price on shares of ConocoPhillips from $115.00 to $130.00 and gave the company a “hold” rating in a research note on Monday, August 10th. UBS Group boosted their price target on shares of ConocoPhillips from $143.00 to $153.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Royal Bank Of Canada set a $130.00 price objective on shares of ConocoPhillips in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.68.

Read Our Latest Research Report on COP

ConocoPhillips 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.