Manning & Napier Advisors LLC Takes Position in ConocoPhillips $COP

Posted by Brian Himes on Aug 25th, 2026

ConocoPhillips logo Manning & Napier Advisors LLC purchased a new position in shares of ConocoPhillips (NYSE:COP – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 103,421 shares of the energy producer’s stock, valued at approximately $10,776,000.

A number of other hedge funds have also recently added to or reduced their stakes in COP. Granger Management LLC acquired a new position in ConocoPhillips during the 2nd quarter worth approximately $251,000. L2 Asset Management LLC acquired a new position in ConocoPhillips during the second quarter worth $1,129,000. Cetera Trust Company N.A purchased a new position in ConocoPhillips in the second quarter worth $870,000. Aberdeen Wealth Management LLC acquired a new stake in ConocoPhillips in the second quarter valued at $62,000. Finally, Visionary Wealth Advisors acquired a new stake in ConocoPhillips in the second quarter valued at $335,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

Insider Activity

In related news, SVP Andrew D. Lundquist sold 9,487 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the sale, the senior vice president owned 9,593 shares of the company’s stock, valued at $1,296,493.95. This trade represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.09% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COP. Roth Capital upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price target for the company from $124.00 to $130.00 in a report on Monday, June 22nd. The Goldman Sachs Group lowered their target price on shares of ConocoPhillips from $144.00 to $138.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Barclays dropped their target price on shares of ConocoPhillips from $155.00 to $150.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Susquehanna boosted their price target on ConocoPhillips from $155.00 to $161.00 and gave the stock a “positive” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $140.29.

Read Our Latest Report on COP

ConocoPhillips Stock Down 1.1%

Shares of NYSE COP opened at $133.37 on Tuesday. ConocoPhillips has a 12-month low of $85.57 and a 12-month high of $135.88. The company has a market capitalization of $160.22 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 1.43 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. The firm’s 50-day moving average is $115.73 and its two-hundred day moving average is $117.97.

ConocoPhillips (NYSE:COP – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $18.79 billion. During the same period last year, the company posted $1.42 EPS. The company’s revenue was up 32.4% on a year-over-year basis. Equities analysts anticipate that ConocoPhillips will post 10.46 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders 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 dividend yield of 2.5%. The ex-dividend date of this dividend is Monday, August 17th. ConocoPhillips’s payout ratio is 44.44%.

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.