16,417 Shares in ConocoPhillips $COP Bought by Councilmark Asset Management LLC

Posted by Stanley Muller on Aug 26th, 2026

ConocoPhillips logo Councilmark Asset Management LLC purchased a new stake in ConocoPhillips (NYSE:COP – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,417 shares of the energy producer’s stock, valued at approximately $1,707,000. ConocoPhillips makes up about 0.9% of Councilmark Asset Management LLC’s investment portfolio, making the stock its 28th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in ConocoPhillips in the 4th quarter valued at about $25,000. Strive Asset Management LLC acquired a new position in shares of ConocoPhillips in the 3rd quarter valued at approximately $28,000. Frazier Financial Advisors LLC lifted its holdings in shares of ConocoPhillips by 151.0% during the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after acquiring an additional 145 shares during the period. Allied Private Wealth LLC bought a new stake in shares of ConocoPhillips during the 2nd quarter worth approximately $32,000. Finally, BNP Paribas acquired a new stake in shares of ConocoPhillips during the 2nd quarter worth approximately $33,000. Institutional investors own 82.36% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Freedom Capital upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings raised ConocoPhillips from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Jefferies Financial Group lifted their price target on ConocoPhillips from $160.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Raymond James Financial restated an “underperform” rating and set a $168.00 price objective on shares of ConocoPhillips in a research report on Monday. Finally, Wells Fargo & Company raised their price objective on ConocoPhillips from $183.00 to $189.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $140.29.

View Our Latest Stock Analysis on ConocoPhillips

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

Positive Sentiment: An executive said additional Arctic drilling activity is “inevitable,” signaling potential long-term growth opportunities for ConocoPhillips as access to the region expands. However, the development is unlikely to materially affect near-term earnings. More Arctic activity inevitable says ConocoPhillips
Positive Sentiment: RBC Capital reaffirmed its Buy rating, supporting the bullish analyst view on COP. The company also benefits from firmer crude prices amid supply concerns, which could improve upstream revenue and cash flow. RBC Capital reaffirms Buy rating
Neutral Sentiment: With COP shares near a three-month peak, a covered-call strategy offering a 1.75% yield at the $140 September strike may appeal to income-focused shareholders. The strategy also suggests investors see the stock’s upside as potentially limited in the near term. Covered call yields with ConocoPhillips
Negative Sentiment: Senior Vice President Andrew Lundquist sold 9,487 shares for approximately $1.28 million, reducing his position by nearly 50%. While insider sales can reflect personal financial planning, the sizable transaction may weigh on sentiment, particularly with the stock near recent highs. Andrew Lundquist sells ConocoPhillips shares

ConocoPhillips Stock Down 1.1%

NYSE:COP opened at $131.84 on Wednesday. The firm’s 50 day simple moving average is $116.14 and its 200 day simple moving average is $118.14. 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 has a one year low of $85.57 and a one year high of $135.88. The company has a market cap of $158.39 billion, a PE ratio of 17.44, a P/E/G ratio of 1.40 and a beta of 0.11.

ConocoPhillips (NYSE:COP – Get Free Report) last posted its earnings results 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 firm had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same period in the previous year, the firm posted $1.42 EPS. The company’s revenue for the quarter was up 32.4% compared to the same quarter last year. On average, research analysts anticipate that ConocoPhillips will post 10.55 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be paid a $0.84 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.36 annualized dividend and a dividend yield of 2.5%. ConocoPhillips’s payout ratio is currently 44.44%.

Insiders Place Their Bets

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 value of $1,282,168.05. Following the completion of the sale, the senior vice president directly owned 9,593 shares in the company, valued at $1,296,493.95. This represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is owned by insiders.

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.