Royal London Asset Management Ltd. Has $70.65 Million Holdings in ConocoPhillips $COP

Posted by Francis Steltz on Aug 29th, 2026

ConocoPhillips logo Royal London Asset Management Ltd. cut its holdings in shares of ConocoPhillips (NYSE:COP – Free Report) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 679,558 shares of the energy producer’s stock after selling 7,587 shares during the period. Royal London Asset Management Ltd.’s holdings in ConocoPhillips were worth $70,647,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in COP. Bank of America Corp DE bought a new position in shares of ConocoPhillips during the 2nd quarter valued at about $1,260,482,000. Primecap Management Co. CA bought a new stake in ConocoPhillips during the 2nd quarter worth approximately $1,204,726,000. Legal & General Group Plc acquired a new stake in ConocoPhillips during the 2nd quarter worth approximately $716,151,000. Jupiter Topco LLC acquired a new stake in ConocoPhillips during the 2nd quarter worth approximately $427,954,000. Finally, Capital International Investors lifted its stake in ConocoPhillips by 5.9% in the fourth quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock valued at $4,527,230,000 after buying an additional 2,714,663 shares in the last quarter. 82.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COP has been the subject of several research analyst reports. Zacks Research cut shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Weiss Ratings raised shares of ConocoPhillips from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Susquehanna upped their target price on shares of ConocoPhillips from $155.00 to $161.00 and gave the stock a “positive” rating in a research note on Tuesday, August 11th. Argus increased their target price on ConocoPhillips from $136.00 to $153.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Finally, Barclays dropped their price target on ConocoPhillips from $155.00 to $150.00 and set an “overweight” rating on the stock in a research note on Monday, August 17th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $140.29.

Check Out Our Latest Analysis on COP

ConocoPhillips Trading Up 0.7%

ConocoPhillips stock opened at $130.46 on Friday. The firm has a 50-day moving average of $117.42 and a 200-day moving average of $118.56. ConocoPhillips has a one year low of $85.57 and a one year high of $135.88. 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 company has a market cap of $156.73 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 1.36 and a beta of 0.11.

ConocoPhillips (NYSE:COP – Get Free Report) last released its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The business had revenue of $19.52 billion for the quarter, compared to analyst estimates of $18.79 billion. During the same quarter in the prior year, the company posted $1.42 earnings per share. ConocoPhillips’s revenue was up 32.4% on a year-over-year basis. On average, equities analysts expect that ConocoPhillips will post 10.55 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.84 per share. The ex-dividend date is Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.6%. ConocoPhillips’s dividend payout ratio is currently 44.44%.

Insider Activity at ConocoPhillips

In other news, SVP Andrew D. Lundquist sold 9,487 shares of the 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 completion of the sale, the senior vice president owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

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.