First National Bank of Omaha Cuts Position in ConocoPhillips $COP

Posted by Brenda Bartman on Aug 19th, 2026

ConocoPhillips logo First National Bank of Omaha trimmed its stake in ConocoPhillips (NYSE:COP – Free Report) by 24.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,220 shares of the energy producer’s stock after selling 24,654 shares during the period. First National Bank of Omaha’s holdings in ConocoPhillips were worth $8,031,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. AXA S.A. raised its holdings in ConocoPhillips by 91.1% in the second quarter. AXA S.A. now owns 84,937 shares of the energy producer’s stock worth $7,622,000 after purchasing an additional 40,499 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of ConocoPhillips by 6.1% in the 2nd quarter. Sei Investments Co. now owns 784,368 shares of the energy producer’s stock valued at $70,397,000 after buying an additional 44,852 shares in the last quarter. BNP Paribas purchased a new position in shares of ConocoPhillips in the 2nd quarter worth approximately $33,000. Osterweis Capital Management Inc. purchased a new position in shares of ConocoPhillips in the 2nd quarter worth approximately $151,000. Finally, Main Street Financial Solutions LLC raised its stake in shares of ConocoPhillips by 53.5% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,806 shares of the energy producer’s stock worth $431,000 after acquiring an additional 1,675 shares in the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada set a $130.00 target price on shares of ConocoPhillips in a research note on Monday, June 22nd. Scotiabank upped their price target on ConocoPhillips from $100.00 to $125.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group decreased their price objective on ConocoPhillips from $144.00 to $138.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Zacks Research cut ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. Finally, Mizuho dropped their target price on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating on the stock in a research note 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $137.48.

Get Our Latest Stock Analysis on ConocoPhillips

ConocoPhillips Trading Up 1.8%

Shares of ConocoPhillips stock opened at $129.82 on Wednesday. The firm’s 50 day simple moving average is $114.31 and its two-hundred day simple moving average is $117.12. The firm has a market capitalization of $155.96 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.40 and a beta of 0.11. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $135.87. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35.

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

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders 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 yield of 2.6%. The ex-dividend date is Monday, August 17th. ConocoPhillips’s payout ratio is presently 44.44%.

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.