HighTower Advisors LLC Increases Holdings in ConocoPhillips $COP

HighTower Advisors LLC increased its holdings in ConocoPhillips (NYSE:COP) by 12.7% during the second quarter, Holdings Channel reports. The firm owned 846,912 shares of the energy producer’s stock after acquiring an additional 95,257 shares during the quarter. HighTower Advisors LLC’s holdings in ConocoPhillips were worth $88,045,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Frazier Financial Advisors LLC boosted its holdings in shares of ConocoPhillips by 151.0% during the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after purchasing an additional 145 shares during the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in ConocoPhillips in the 4th quarter worth approximately $25,000. Ballast Advisors LLC bought a new stake in ConocoPhillips in the 1st quarter worth approximately $36,000. Evergreen Advisors LLC bought a new position in shares of ConocoPhillips during the 1st quarter valued at approximately $36,000. Finally, Allied Private Wealth LLC bought a new position in shares of ConocoPhillips during the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Performance

Shares of NYSE:COP opened at $126.67 on Monday. The firm has a market cap of $152.17 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.40 and a beta of 0.11. The firm’s 50 day simple moving average is $113.88 and its 200-day simple moving average is $116.72. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $19.52 billion during the quarter, compared to analyst estimates of $18.79 billion. During the same quarter in the previous year, the business earned $1.42 earnings per share. ConocoPhillips’s quarterly revenue was up 32.4% on a year-over-year basis. As a group, equities analysts predict that ConocoPhillips will post 10.05 EPS for the current year.

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 17th will be given 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 2.7%. ConocoPhillips’s dividend payout ratio is presently 44.44%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on COP. BMO Capital Markets reduced their price target on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. The Goldman Sachs Group reduced their target price 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. Argus increased their price objective on shares of ConocoPhillips from $128.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Freedom Capital raised shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, UBS Group boosted their target price on ConocoPhillips from $143.00 to $153.00 and gave the company a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ConocoPhillips currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.68.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Traders purchased 68,293 call options on Friday, roughly 339% above the average daily call volume of 15,545. The unusually high call activity signals increased speculative and potentially bullish interest in COP.
• Positive Sentiment: ConocoPhillips reported record Permian production and generated approximately $4.2 billion in second-quarter free cash flow. Management discussed using its financial strength to support expansion in Iraq and liquefied natural gas, which could improve future production and cash generation. ConocoPhillips Q2 2026 Earnings Call Transcript
• Positive Sentiment: The Coyote 3SX project on Alaska’s North Slope has achieved first oil. The start-up adds production from a project that received approximately $800 million in funding and reinforces COP’s growth outlook. ConocoPhillips Alaska’s Coyote 3SX Project Achieves First Oil
• Positive Sentiment: Rising oil prices amid tensions around the Strait of Hormuz are providing a favorable commodity-price backdrop for COP, whose earnings and cash flow remain sensitive to oil prices. Why ConocoPhillips Is in Focus as Oil Climbs on Hormuz Tensions
• Positive Sentiment: Susquehanna forecast strong price appreciation for COP, adding to the positive analyst outlook. Susquehanna Forecasts Strong Price Appreciation for ConocoPhillips
• Neutral Sentiment: Brokerages maintain an average “Moderate Buy” recommendation, indicating constructive but not overwhelmingly bullish institutional sentiment. ConocoPhillips Given Average Recommendation of Moderate Buy
• Neutral Sentiment: A broader LNG investment wave involving Qatar, the United States and Argentina may support the long-term market for gas producers, although the article does not announce a new COP project. Five LNG Megaprojects Poised to Power the Next Gas Boom

About ConocoPhillips

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.