Perennial Investment Advisors LLC Purchases New Holdings in ConocoPhillips $COP

Posted by Geri Gentry on Aug 27th, 2026

ConocoPhillips logo Perennial Investment Advisors LLC acquired a new position in shares of ConocoPhillips (NYSE:COP – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,091 shares of the energy producer’s stock, valued at approximately $529,000.

Other large investors have also recently made changes to their positions in the company. Frazier Financial Advisors LLC raised its position in shares of ConocoPhillips by 151.0% in the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after purchasing an additional 145 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in ConocoPhillips during the 4th quarter valued at about $25,000. Ballast Advisors LLC purchased a new stake in ConocoPhillips during the 1st quarter valued at about $36,000. Evergreen Advisors LLC bought a new stake in ConocoPhillips during the 1st quarter valued at about $36,000. Finally, Allied Private Wealth LLC bought a new stake in ConocoPhillips during the 2nd quarter valued at about $32,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Trading Down 0.8%

Shares of ConocoPhillips stock opened at $130.79 on Thursday. ConocoPhillips has a 1-year low of $85.57 and a 1-year high of $135.88. The company’s fifty day simple moving average is $116.53 and its 200-day simple moving average is $118.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. The stock has a market capitalization of $157.12 billion, a PE ratio of 17.30, a P/E/G ratio of 1.39 and a beta of 0.11.

ConocoPhillips (NYSE:COP – Get Free Report) last announced its earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.34. The company had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.ConocoPhillips’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same period last year, the firm earned $1.42 EPS. As a group, equities analysts anticipate that ConocoPhillips will post 10.55 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The business 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 $0.84 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a yield of 2.6%. ConocoPhillips’s dividend payout ratio is presently 44.44%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COP. Freedom Capital upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Roth Capital upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $124.00 to $130.00 in a report on Monday, June 22nd. Argus upped their price objective on ConocoPhillips from $136.00 to $153.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. BMO Capital Markets reduced their target price on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Finally, The Goldman Sachs Group decreased their price target on ConocoPhillips from $144.00 to $138.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.29.

Get Our Latest Report on COP

Insider Activity at ConocoPhillips

In other news, SVP Andrew D. Lundquist sold 9,487 shares of the firm’s stock in a transaction dated 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 owned 9,593 shares of the company’s stock, valued at $1,296,493.95. This trade represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is owned by company 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.