3,842 ConocoPhillips $COP Shares Sold by D.A. Davidson & CO.

Posted by Brian Himes on Oct 30th, 2026

ConocoPhillips logo D.A. Davidson & CO. lowered its position in shares of ConocoPhillips (NYSE:COP – Free Report) by 2.3% during the third quarter, HoldingsChannel reports. The fund owned 160,493 shares of the energy producer’s stock after selling 3,842 shares during the quarter. D.A. Davidson & CO.’s holdings in ConocoPhillips were worth $20,086,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of COP. State Street Corp grew its holdings in shares of ConocoPhillips by 73.2% during the second quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock worth $12,328,767,000 after purchasing an additional 50,116,727 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of ConocoPhillips in the second quarter valued at approximately $1,260,482,000. Primecap Management Co. CA acquired a new position in shares of ConocoPhillips in the second quarter valued at approximately $1,204,726,000. Assenagon Asset Management S.A. raised its holdings in ConocoPhillips by 1,181.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 8,172,490 shares of the energy producer’s stock valued at $1,022,787,000 after buying an additional 7,534,536 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in ConocoPhillips in the 2nd quarter valued at approximately $716,151,000. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

Positive Sentiment: Higher oil prices are supporting the outlook for ConocoPhillips. Brent crude is near $104 per barrel, and analysts expect strong year-over-year growth in third-quarter revenue and profit, with several indicators pointing to a potential earnings beat. ConocoPhillips to Report Q3 Earnings: What’s in the Cards?
Positive Sentiment: The company’s strong second-quarter performance—earnings of $3.24 per share versus a $2.90 consensus estimate and revenue of $19.52 billion versus an $18.79 billion forecast—continues to support investor confidence in its upstream operations. ConocoPhillips Stock Stays Hard To Call On Strong Q2 Earnings
Positive Sentiment: COP recently reclaimed its 50-day moving average, a technical signal that suggests improving short-term momentum. The stock has also substantially outperformed over the past five years. ConocoPhillips Just Reclaimed the 50-Day Moving Average
Neutral Sentiment: Analysts and valuation screens remain constructive, describing ConocoPhillips as a value stock with expected earnings growth. Piper Sandler has initiated coverage, while the reported average price target of $145 is below the current trading level, suggesting limited near-term upside from consensus targets. Piper Sandler Initiates Coverage on ConocoPhillips
Negative Sentiment: Momentum indicators warn that COP, along with other major energy stocks, is overbought after its recent rally, raising the risk of profit-taking or a pullback. Top 3 Energy Stocks You May Want To Dump In Q4
Negative Sentiment: Investors are questioning whether COP’s valuation and multiyear share-price gains are fully supported by sustainable earnings. Comparisons with Chevron and EOG Resources also highlight concerns about how ConocoPhillips’ dividend could perform if oil prices weaken. ConocoPhillips vs. EOG Resources
Negative Sentiment: Reported job cuts in Alberta signal potential cost pressures and a softer operating environment in parts of the Canadian oil patch. Separately, rising interest rates could weigh on risk assets and compress valuations for cyclical energy producers.

Wall Street Analyst Weigh In

Several research firms recently commented on COP. Weiss Ratings upgraded shares of ConocoPhillips from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 29th. Seaport Research Partners initiated coverage on shares of ConocoPhillips in a research report on Thursday, September 3rd. They issued a “neutral” rating for the company. Truist Financial raised their price target on shares of ConocoPhillips from $130.00 to $136.00 and gave the company a “hold” rating in a research note on Wednesday, October 7th. Raymond James Financial reiterated an “underperform” rating and set a $168.00 price target on shares of ConocoPhillips in a report on Monday, August 24th. Finally, Wells Fargo & Company lifted their price target on shares of ConocoPhillips from $183.00 to $189.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.00.

Get Our Latest Stock Analysis on COP

ConocoPhillips Stock Performance

COP stock opened at $150.04 on Friday. The stock has a 50-day moving average price of $135.76 and a 200-day moving average price of $120.76. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $152.77. 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 firm has a market cap of $180.25 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.45 and a beta of 0.24.

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. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%. The company had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $18.79 billion. During the same period in the previous year, the business earned $1.42 EPS. The firm’s revenue was up 32.4% compared to the same quarter last year. As a group, equities research analysts expect that ConocoPhillips will post 11.42 earnings per share for the current year.

ConocoPhillips Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Monday, August 17th. ConocoPhillips’s payout ratio is presently 44.44%.

Insiders Place Their Bets

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president directly owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. The trade was a 49.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company’s stock.

About ConocoPhillips

(Free Report)

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing oil, natural gas and natural gas liquids. Unlike integrated energy companies, it primarily focuses on upstream activities rather than operating large refining or retail fuel businesses.

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.