ConocoPhillips $COP Shares Sold by Cooke & Bieler LP

Posted by Francis Steltz on Oct 22nd, 2026

ConocoPhillips logo Cooke & Bieler LP cut its stake in shares of ConocoPhillips (NYSE:COP – Free Report) by 36.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 774,526 shares of the energy producer’s stock after selling 446,661 shares during the quarter. ConocoPhillips makes up 1.4% of Cooke & Bieler LP’s portfolio, making the stock its 25th largest holding. Cooke & Bieler LP’s holdings in ConocoPhillips were worth $96,932,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp lifted its holdings in shares of ConocoPhillips by 73.2% in the 2nd quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock worth $12,328,767,000 after purchasing an additional 50,116,727 shares during the last quarter. BlackRock Inc. boosted its position in ConocoPhillips by 3.0% during the 2nd quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer’s stock valued at $9,760,436,000 after purchasing an additional 2,712,703 shares during the period. Wellington Management Group LLP grew its stake in ConocoPhillips by 12.0% during the 2nd quarter. Wellington Management Group LLP now owns 15,072,154 shares of the energy producer’s stock worth $1,566,901,000 after buying an additional 1,609,759 shares during the last quarter. Bank of America Corp DE bought a new position in ConocoPhillips during the 2nd quarter worth $1,260,482,000. Finally, Primecap Management Co. CA bought a new position in ConocoPhillips during the 2nd quarter worth $1,204,726,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COP has been the topic of several analyst reports. Raymond James Financial reaffirmed an “underperform” rating and issued a $168.00 target price on shares of ConocoPhillips in a research report on Monday, August 24th. Zacks Research raised shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 6th. Truist Financial boosted their price target on shares of ConocoPhillips from $130.00 to $136.00 and gave the company a “hold” rating in a report on Wednesday, October 7th. Morgan Stanley upped their price target on shares of ConocoPhillips from $151.00 to $159.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Finally, Wall Street Zen raised shares of ConocoPhillips from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.00.

View Our Latest Stock Analysis on COP

ConocoPhillips Stock Performance

COP opened at $145.77 on Thursday. The company has a current ratio of 1.54, a quick ratio of 1.39 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $133.34 and its 200-day moving average is $122.69. The stock has a market cap of $175.12 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.45 and a beta of 0.24. ConocoPhillips has a twelve month low of $85.57 and a twelve month high of $147.41.

ConocoPhillips (NYSE:COP – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $18.79 billion. During the same period in the prior year, the company posted $1.42 EPS. The business’s revenue for the quarter was up 32.4% compared to the same quarter last year. On average, analysts predict that ConocoPhillips will post 11.19 earnings per share for the current year.

ConocoPhillips Dividend Announcement

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

Insiders Place Their Bets

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the business’s stock in a transaction on 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 completion of the transaction, the senior vice president owned 9,593 shares in the company, valued at approximately $1,296,493.95. The trade was a 49.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by insiders.

About ConocoPhillips

(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.