ConocoPhillips $COP Position Lowered by Canal Insurance CO

Posted by George Bondi on Oct 20th, 2026

ConocoPhillips logo Canal Insurance CO cut its stake in shares of ConocoPhillips (NYSE:COP – Free Report) by 18.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,000 shares of the energy producer’s stock after selling 10,000 shares during the period. ConocoPhillips comprises approximately 1.3% of Canal Insurance CO’s holdings, making the stock its 24th largest position. Canal Insurance CO’s holdings in ConocoPhillips were worth $5,632,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Venture Visionary Partners LLC lifted its stake in shares of ConocoPhillips by 263.6% in the third quarter. Venture Visionary Partners LLC now owns 118,655 shares of the energy producer’s stock worth $14,850,000 after buying an additional 86,019 shares during the last quarter. Cooper Financial Group grew its stake in ConocoPhillips by 55.9% in the 3rd quarter. Cooper Financial Group now owns 11,635 shares of the energy producer’s stock valued at $1,456,000 after buying an additional 4,172 shares during the last quarter. B. Metzler seel. Sohn & Co. AG acquired a new position in ConocoPhillips in the 2nd quarter valued at $6,896,000. Qsemble Capital Management LP acquired a new position in ConocoPhillips in the 2nd quarter valued at $3,645,000. Finally, Cetera Trust Company N.A bought a new position in ConocoPhillips in the 2nd quarter worth $870,000. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

NYSE:COP traded up $0.18 during trading hours on Tuesday, hitting $145.42. 1,846,768 shares of the company traded hands, compared to its average volume of 8,023,473. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $147.15. The firm has a 50-day moving average of $132.56 and a 200 day moving average of $122.46. The stock has a market capitalization of $174.70 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.45 and a beta of 0.24.

ConocoPhillips (NYSE:COP – Get Free Report) last posted its quarterly earnings data 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 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 posted $1.42 EPS. The business’s revenue was up 32.4% compared to the same quarter last year. On average, analysts forecast that ConocoPhillips will post 11.19 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 17th were paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, August 17th. ConocoPhillips’s dividend payout ratio (DPR) is presently 44.44%.

Insiders Place Their Bets

In related news, SVP Andrew Lundquist sold 9,487 shares of ConocoPhillips stock in a transaction dated Friday, August 21st. The stock was 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. 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 currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have weighed in on COP. Seaport Research Partners started coverage on shares of ConocoPhillips in a research report on Thursday, September 3rd. They set a “neutral” rating for the company. Mizuho lowered their price target on ConocoPhillips from $150.00 to $146.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 7th. Morgan Stanley lifted their price objective on ConocoPhillips from $151.00 to $159.00 and gave the stock an “overweight” rating in a research note on Thursday. Raymond James Financial reiterated an “underperform” rating and issued a $168.00 price objective on shares of ConocoPhillips in a research note on Monday, August 24th. Finally, Royal Bank Of Canada set a $130.00 price objective on ConocoPhillips in a research report on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued 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 a consensus target price of $145.00.

Check Out Our Latest Analysis on ConocoPhillips

ConocoPhillips Company Profile

(Free Report)

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing oil, natural gas and natural gas liquids. Unlike integrated energy companies, it primarily focuses on upstream activities rather than operating large refining or retail fuel businesses.

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.