Cullen Frost Bankers Inc. Trims Holdings in ConocoPhillips $COP

Cullen Frost Bankers Inc. trimmed its holdings in shares of ConocoPhillips (NYSE:COP) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 229,102 shares of the energy producer’s stock after selling 5,826 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in ConocoPhillips were worth $21,671,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. American National Bank & Trust increased its position in shares of ConocoPhillips by 4.3% during the second quarter. American National Bank & Trust now owns 4,874 shares of the energy producer’s stock worth $437,000 after acquiring an additional 200 shares during the period. ST Germain D J Co. Inc. grew its stake in ConocoPhillips by 20.6% in the second quarter. ST Germain D J Co. Inc. now owns 4,084 shares of the energy producer’s stock worth $366,000 after purchasing an additional 699 shares in the last quarter. Kathmere Capital Management LLC grew its stake in ConocoPhillips by 19.8% in the second quarter. Kathmere Capital Management LLC now owns 6,678 shares of the energy producer’s stock worth $599,000 after purchasing an additional 1,104 shares in the last quarter. Patton Fund Management Inc. purchased a new position in ConocoPhillips during the 2nd quarter worth $215,000. Finally, 1834 Investment Advisors Co. raised its position in ConocoPhillips by 1.7% during the 2nd quarter. 1834 Investment Advisors Co. now owns 7,898 shares of the energy producer’s stock valued at $709,000 after purchasing an additional 135 shares in the last quarter. 82.36% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Susquehanna dropped their price target on ConocoPhillips to $113.00 and set a “positive” rating on the stock in a research report on Monday, October 20th. Johnson Rice lowered shares of ConocoPhillips from an “accumulate” rating to a “hold” rating and lowered their price objective for the stock from $108.00 to $105.00 in a research note on Friday, December 5th. Raymond James Financial raised their target price on shares of ConocoPhillips from $98.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday. Wall Street Zen upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of ConocoPhillips in a research note on Monday, December 15th. Sixteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

ConocoPhillips Trading Up 1.5%

NYSE:COP opened at $98.34 on Friday. The stock has a market capitalization of $121.52 billion, a price-to-earnings ratio of 13.91, a PEG ratio of 2.91 and a beta of 0.32. ConocoPhillips has a 52 week low of $79.88 and a 52 week high of $106.20. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $93.40 and a 200 day moving average of $93.01.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.20. ConocoPhillips had a return on equity of 13.64% and a net margin of 14.25%.The business had revenue of $15.03 billion for the quarter, compared to the consensus estimate of $14.51 billion. During the same period in the prior year, the firm posted $1.78 earnings per share. The business’s quarterly revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 3.4%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, November 17th. ConocoPhillips’s dividend payout ratio (DPR) is 47.52%.

Insider Activity

In other ConocoPhillips news, Director William H. Mcraven purchased 5,768 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were acquired at an average price of $86.68 per share, for a total transaction of $499,970.24. Following the completion of the purchase, the director owned 5,768 shares of the company’s stock, valued at approximately $499,970.24. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Michael Lance sold 500,708 shares of the company’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the transaction, the chief executive officer owned 325,972 shares in the company, valued at approximately $30,152,410. This trade represents a 60.57% decrease in their position. The SEC filing for this sale provides additional information. 0.24% of the stock is currently owned by company insiders.

Key ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Raymond James raised its price target to $113 and kept an “outperform” rating, signaling expected upside and reinforcing buy-side sentiment. Raymond James adjusts price target on ConocoPhillips to $113
• Positive Sentiment: Goldman Sachs lifted its target to $115 and kept a “buy” rating, adding credibility to the view that COP shares have meaningful upside vs. current levels. Goldman Sachs adjusts price target on ConocoPhillips to $115
• Positive Sentiment: Another price-target bump to $116 was reported, adding to analyst-driven momentum and providing a near-term valuation anchor for investors. ConocoPhillips (NYSE:COP) Price Target Raised to $116.00
• Positive Sentiment: Company commentary at industry events emphasized continued Permian growth — management said the Permian “will keep filling the tank,” reinforcing production-growth expectations that support revenue and cash-flow forecasts. ConocoPhillips: Permian will “keep filling the tank”
• Positive Sentiment: Executives urged greater water reuse and new power lines in the Permian — operational measures that can lower costs, expand drilling efficiency and de-risk growth, which investors view favorably. ConocoPhillips leaders see more Permian gains, urge water reuse and new power lines
• Positive Sentiment: Coverage of the 2026 State of Oil & Gas in Midland highlighted industry tailwinds and operational plans that benefit major Permian operators like COP. 2026 State of Oil and Gas hosted in Midland brings insight on new year operations
• Neutral Sentiment: A Zacks piece reviews Wall Street analysts’ recommendations on COP and notes generally optimistic broker views — helpful context but not a fresh catalyst by itself. Is ConocoPhillips (COP) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: JPMorgan downgraded COP from Overweight to Neutral, which could temper upside for the stock and offset some of the bullish analyst moves. ConocoPhillips (NYSE:COP) Earns “Neutral” Rating from JPMorgan Chase & Co.

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.