Summit Global Investments Has $811,000 Stock Position in ConocoPhillips $COP

Posted by Stanley Muller on Jul 22nd, 2026

ConocoPhillips logo Summit Global Investments lowered its position in ConocoPhillips (NYSE:COP – Free Report) by 66.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,142 shares of the energy producer’s stock after selling 12,390 shares during the quarter. Summit Global Investments’ holdings in ConocoPhillips were worth $811,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of COP. Vanguard Group Inc. increased its position in shares of ConocoPhillips by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 120,251,183 shares of the energy producer’s stock valued at $11,256,713,000 after purchasing an additional 408,304 shares during the period. Capital International Investors lifted its position in ConocoPhillips by 5.9% in the fourth quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock worth $4,527,230,000 after purchasing an additional 2,714,663 shares during the period. Charles Schwab Investment Management Inc. lifted its position in ConocoPhillips by 6.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock worth $3,880,151,000 after purchasing an additional 2,350,645 shares during the period. Franklin Resources Inc. boosted its stake in ConocoPhillips by 4.5% during the fourth quarter. Franklin Resources Inc. now owns 15,038,675 shares of the energy producer’s stock worth $1,407,770,000 after buying an additional 648,432 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in ConocoPhillips by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 14,847,367 shares of the energy producer’s stock worth $1,389,862,000 after buying an additional 193,401 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

ConocoPhillips stock opened at $117.40 on Wednesday. The firm has a market capitalization of $143.03 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.40 and a beta of 0.12. The stock has a fifty day moving average price of $113.48 and a two-hundred day moving average price of $113.84. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $135.87. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.29 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP – Get Free Report) last issued its earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. During the same quarter in the previous year, the company earned $2.09 EPS. The firm’s revenue for the quarter was down 6.1% compared to the same quarter last year. As a group, analysts anticipate that ConocoPhillips will post 9.2 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is currently 57.05%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COP. Royal Bank Of Canada set a $130.00 price objective on shares of ConocoPhillips in a research note on Monday, June 22nd. Raymond James Financial decreased their target price on shares of ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating on the stock in a research report on Monday, June 1st. Roth Capital raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and upped their target price for the company from $124.00 to $130.00 in a research note on Monday, June 22nd. Freedom Capital lowered shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Susquehanna raised their price target on shares of ConocoPhillips from $152.00 to $155.00 and gave the stock a “positive” rating in a research note on Tuesday. Eighteen research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $134.16.

Get Our Latest Stock Analysis on ConocoPhillips

About ConocoPhillips

(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.