Principal Financial Group Inc. raised its position in ConocoPhillips (NYSE:COP – Free Report) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 1,665,611 shares of the energy producer’s stock after buying an additional 17,850 shares during the quarter. Principal Financial Group Inc.’s holdings in ConocoPhillips were worth $173,157,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of COP. Fox Run Management L.L.C. acquired a new stake in shares of ConocoPhillips in the second quarter valued at $397,000. Mindset Wealth Management LLC increased its stake in ConocoPhillips by 43.8% during the second quarter. Mindset Wealth Management LLC now owns 2,300 shares of the energy producer’s stock worth $239,000 after purchasing an additional 700 shares during the period. TD Asset Management Inc lifted its position in shares of ConocoPhillips by 22.6% during the second quarter. TD Asset Management Inc now owns 606,258 shares of the energy producer’s stock worth $63,027,000 after purchasing an additional 111,831 shares in the last quarter. Strive Financial Group LLC boosted its stake in shares of ConocoPhillips by 252.2% in the second quarter. Strive Financial Group LLC now owns 3,747 shares of the energy producer’s stock valued at $390,000 after purchasing an additional 2,683 shares during the period. Finally, SmartHarvest Portfolios LLC grew its holdings in shares of ConocoPhillips by 5.0% in the second quarter. SmartHarvest Portfolios LLC now owns 6,150 shares of the energy producer’s stock valued at $639,000 after purchasing an additional 291 shares in the last quarter. 82.36% of the stock is currently owned by hedge funds and other institutional investors.
ConocoPhillips Stock Performance
Shares of COP opened at $126.67 on Friday. The company has a market capitalization of $152.17 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.40 and a beta of 0.11. ConocoPhillips has a 52-week low of $85.57 and a 52-week high of $135.87. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $113.88 and a 200 day moving average price of $116.60.
ConocoPhillips Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.36 annualized dividend and a yield of 2.7%. ConocoPhillips’s payout ratio is 44.44%.
Wall Street Analysts Forecast Growth
Several brokerages have commented on COP. Wall Street Zen raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Barclays lifted their target price on ConocoPhillips from $136.00 to $155.00 and gave the company an “overweight” rating in a report on Tuesday, May 26th. Truist Financial upped their price target on ConocoPhillips from $115.00 to $130.00 and gave the stock a “hold” rating in a report on Monday, August 10th. Argus increased their price target on ConocoPhillips from $128.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Freedom Capital upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $137.68.
Check Out Our Latest Report on ConocoPhillips
Key Stories Impacting ConocoPhillips
Here are the key news stories impacting ConocoPhillips this week:
- Positive Sentiment: Traders purchased 68,293 call options on Friday, roughly 339% above the average daily call volume of 15,545. The unusually high call activity signals increased speculative and potentially bullish interest in COP.
- Positive Sentiment: ConocoPhillips reported record Permian production and generated approximately $4.2 billion in second-quarter free cash flow. Management discussed using its financial strength to support expansion in Iraq and liquefied natural gas, which could improve future production and cash generation. ConocoPhillips Q2 2026 Earnings Call Transcript
- Positive Sentiment: The Coyote 3SX project on Alaska’s North Slope has achieved first oil. The start-up adds production from a project that received approximately $800 million in funding and reinforces COP’s growth outlook. ConocoPhillips Alaska’s Coyote 3SX Project Achieves First Oil
- Positive Sentiment: Rising oil prices amid tensions around the Strait of Hormuz are providing a favorable commodity-price backdrop for COP, whose earnings and cash flow remain sensitive to oil prices. Why ConocoPhillips Is in Focus as Oil Climbs on Hormuz Tensions
- Positive Sentiment: Susquehanna forecast strong price appreciation for COP, adding to the positive analyst outlook. Susquehanna Forecasts Strong Price Appreciation for ConocoPhillips
- Neutral Sentiment: Brokerages maintain an average “Moderate Buy” recommendation, indicating constructive but not overwhelmingly bullish institutional sentiment. ConocoPhillips Given Average Recommendation of Moderate Buy
- Neutral Sentiment: A broader LNG investment wave involving Qatar, the United States and Argentina may support the long-term market for gas producers, although the article does not announce a new COP project. Five LNG Megaprojects Poised to Power the Next Gas Boom
About ConocoPhillips
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.
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