Cooke & Bieler LP Has $152.39 Million Stake in ConocoPhillips $COP

Cooke & Bieler LP trimmed its position in ConocoPhillips (NYSE:COP) by 4.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,611,038 shares of the energy producer’s stock after selling 79,283 shares during the period. ConocoPhillips makes up approximately 1.6% of Cooke & Bieler LP’s investment portfolio, making the stock its 20th largest holding. Cooke & Bieler LP owned 0.13% of ConocoPhillips worth $152,388,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Howard Hughes Medical Institute bought a new position in shares of ConocoPhillips during the 2nd quarter worth approximately $25,000. Bogart Wealth LLC grew its position in ConocoPhillips by 136.8% in the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after purchasing an additional 182 shares in the last quarter. Cedar Mountain Advisors LLC grew its position in ConocoPhillips by 58.0% in the third quarter. Cedar Mountain Advisors LLC now owns 316 shares of the energy producer’s stock valued at $30,000 after purchasing an additional 116 shares in the last quarter. Activest Wealth Management increased its stake in ConocoPhillips by 249.5% in the 2nd quarter. Activest Wealth Management now owns 325 shares of the energy producer’s stock valued at $29,000 after buying an additional 232 shares during the last quarter. Finally, BNP Paribas bought a new stake in ConocoPhillips during the 2nd quarter worth about $33,000. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips Trading Up 1.5%

COP stock opened at $98.34 on Monday. ConocoPhillips has a one year low of $79.88 and a one year high of $106.20. The stock has a market cap of $121.52 billion, a price-to-earnings ratio of 13.91, a price-to-earnings-growth ratio of 2.91 and a beta of 0.32. The company has a fifty day moving average price of $93.40 and a two-hundred day moving average price of $93.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 1.18.

ConocoPhillips (NYSE:COP) last posted its 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 net margin of 14.25% and a return on equity of 13.64%. The company had revenue of $15.03 billion during the quarter, compared to analysts’ expectations of $14.51 billion. During the same quarter last year, the company posted $1.78 EPS. ConocoPhillips’s quarterly revenue was up 14.1% compared to the same quarter last year. Equities analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were given a $0.84 dividend. The ex-dividend date of this dividend was Monday, November 17th. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 annualized dividend and a dividend yield of 3.4%. ConocoPhillips’s dividend payout ratio (DPR) is currently 47.52%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on COP shares. Johnson Rice cut ConocoPhillips from an “accumulate” rating to a “hold” rating and decreased their price objective for the company from $108.00 to $105.00 in a report on Friday, December 5th. Wolfe Research lowered their price target on ConocoPhillips from $126.00 to $122.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. Piper Sandler dropped their price objective on ConocoPhillips from $115.00 to $109.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Raymond James Financial boosted their target price on shares of ConocoPhillips from $98.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Susquehanna cut their price target on shares of ConocoPhillips to $113.00 and set a “positive” rating for the company in a research note on Monday, October 20th. Sixteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average target price of $110.83.

Insider Buying and Selling

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

ConocoPhillips News Summary

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.