Van ECK Associates Corp Lowers Stock Position in ConocoPhillips $COP

Posted by Brian Himes on Aug 30th, 2026

ConocoPhillips logo Van ECK Associates Corp lowered its stake in shares of ConocoPhillips (NYSE:COP – Free Report) by 58.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 665,298 shares of the energy producer’s stock after selling 955,146 shares during the period. Van ECK Associates Corp owned 0.06% of ConocoPhillips worth $69,164,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in COP. Mach 1 Financial Group LLC purchased a new stake in shares of ConocoPhillips during the fourth quarter valued at about $1,169,000. B. Metzler seel. Sohn & Co. AG bought a new stake in shares of ConocoPhillips in the 2nd quarter valued at about $6,896,000. Jennison Associates LLC grew its position in shares of ConocoPhillips by 7.6% in the 4th quarter. Jennison Associates LLC now owns 153,240 shares of the energy producer’s stock worth $14,345,000 after buying an additional 10,779 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of ConocoPhillips by 4.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,608,643 shares of the energy producer’s stock worth $252,256,000 after buying an additional 102,577 shares during the last quarter. Finally, Nicholas Investment Partners LP bought a new position in shares of ConocoPhillips during the 2nd quarter worth approximately $6,498,000. 82.36% of the stock is currently owned by hedge funds and other institutional investors.

ConocoPhillips Stock Performance

Shares of ConocoPhillips stock opened at $130.46 on Friday. The company has a 50 day moving average price of $117.42 and a 200 day moving average price of $118.56. The firm has a market capitalization of $156.73 billion, a P/E ratio of 17.26, a PEG ratio of 1.37 and a beta of 0.11. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. ConocoPhillips has a 52 week low of $85.57 and a 52 week high of $135.88.

ConocoPhillips (NYSE:COP – Get Free Report) last released its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The company had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $18.79 billion. During the same quarter in the previous year, the firm earned $1.42 EPS. ConocoPhillips’s revenue was up 32.4% compared to the same quarter last year. Sell-side analysts expect that ConocoPhillips will post 10.55 EPS for the current 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 issued a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.6%. ConocoPhillips’s payout ratio is 44.44%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COP. Zacks Research cut shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 27th. The Goldman Sachs Group cut their price target on shares of ConocoPhillips from $144.00 to $138.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Freedom Capital raised ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Mizuho decreased their price objective on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating for the company in a report on Tuesday, July 7th. Finally, Roth Capital raised ConocoPhillips from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $124.00 to $130.00 in a research report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, ConocoPhillips presently has a consensus rating of “Moderate Buy” and a consensus price target of $140.29.

Check Out Our Latest Research Report on COP

Insider Buying and Selling at ConocoPhillips

In other news, SVP Andrew D. Lundquist sold 9,487 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the sale, the senior vice president directly owned 9,593 shares of the company’s stock, valued at $1,296,493.95. The trade was a 49.72% decrease in their ownership of the stock. The sale 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.