Weiss Asset Management LP Takes Position in ConocoPhillips $COP

Posted by Brenda Bartman on Jul 26th, 2026

ConocoPhillips logo Weiss Asset Management LP purchased a new position in ConocoPhillips (NYSE:COP – Free Report) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 84,300 shares of the energy producer’s stock, valued at approximately $11,128,000.

A number of other institutional investors have also made changes to their positions in COP. Concurrent Investment Advisors LLC grew its stake in ConocoPhillips by 31.2% in the fourth quarter. Concurrent Investment Advisors LLC now owns 86,171 shares of the energy producer’s stock valued at $8,067,000 after acquiring an additional 20,501 shares during the period. D.A. Davidson & CO. raised its position in shares of ConocoPhillips by 10.5% during the fourth quarter. D.A. Davidson & CO. now owns 155,662 shares of the energy producer’s stock worth $14,572,000 after purchasing an additional 14,833 shares during the period. Assetmark Inc. lifted its holdings in shares of ConocoPhillips by 17.6% during the 4th quarter. Assetmark Inc. now owns 410,229 shares of the energy producer’s stock valued at $38,402,000 after purchasing an additional 61,361 shares in the last quarter. BXM Wealth LLC lifted its holdings in shares of ConocoPhillips by 691.6% during the 4th quarter. BXM Wealth LLC now owns 40,016 shares of the energy producer’s stock valued at $3,746,000 after purchasing an additional 34,961 shares in the last quarter. Finally, HF Advisory Group LLC grew its position in shares of ConocoPhillips by 255.7% in the 4th quarter. HF Advisory Group LLC now owns 76,064 shares of the energy producer’s stock valued at $7,120,000 after purchasing an additional 54,679 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on COP. Piper Sandler increased their target price on ConocoPhillips from $154.00 to $157.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 8th. Jefferies Financial Group lifted their price target on shares of ConocoPhillips from $160.00 to $161.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Citigroup upped their price target on shares of ConocoPhillips from $135.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Raymond James Financial lowered their price objective on shares of ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating for the company in a research report on Monday, June 1st. Finally, Argus raised their price objective on shares of ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Eighteen analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $134.16.

Get Our Latest Stock Analysis on COP

ConocoPhillips Stock Up 0.1%

NYSE:COP opened at $120.30 on Friday. The stock has a 50-day simple moving average of $113.50 and a 200 day simple moving average of $114.23. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $135.87. The company has a market cap of $146.56 billion, a PE ratio of 20.42, a PEG ratio of 1.45 and a beta of 0.12. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP – Get Free Report) last released 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 return on equity of 11.39% and a net margin of 12.10%.The firm had revenue of $15.76 billion for the quarter, compared to analysts’ expectations of $15.62 billion. During the same quarter in the previous year, the business posted $2.09 EPS. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. On average, sell-side analysts expect that ConocoPhillips will post 9.2 EPS for the current fiscal year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were issued a $0.84 dividend. The ex-dividend date was Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.8%. ConocoPhillips’s dividend payout ratio (DPR) is 57.05%.

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.