ConocoPhillips $COP Shares Purchased by Oregon Public Employees Retirement Fund

Posted by Caroline Horne on Jan 10th, 2026

ConocoPhillips logo Oregon Public Employees Retirement Fund raised its position in ConocoPhillips (NYSE:COP – Free Report) by 30.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 142,780 shares of the energy producer’s stock after purchasing an additional 33,735 shares during the period. Oregon Public Employees Retirement Fund’s holdings in ConocoPhillips were worth $13,506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Navalign LLC lifted its stake in shares of ConocoPhillips by 1.1% in the second quarter. Navalign LLC now owns 9,918 shares of the energy producer’s stock worth $890,000 after buying an additional 108 shares in the last quarter. Greenfield Savings Bank raised its holdings in ConocoPhillips by 1.2% in the 3rd quarter. Greenfield Savings Bank now owns 9,018 shares of the energy producer’s stock valued at $853,000 after acquiring an additional 108 shares during the last quarter. Tritonpoint Wealth LLC lifted its stake in ConocoPhillips by 1.3% in the 2nd quarter. Tritonpoint Wealth LLC now owns 8,329 shares of the energy producer’s stock worth $747,000 after purchasing an additional 110 shares in the last quarter. Iowa State Bank lifted its stake in ConocoPhillips by 0.5% in the 2nd quarter. Iowa State Bank now owns 22,193 shares of the energy producer’s stock worth $1,992,000 after purchasing an additional 110 shares in the last quarter. Finally, Perennial Investment Advisors LLC boosted its holdings in shares of ConocoPhillips by 2.8% during the 2nd quarter. Perennial Investment Advisors LLC now owns 4,097 shares of the energy producer’s stock worth $368,000 after purchasing an additional 112 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips Stock Down 1.3%

Shares of NYSE:COP opened at $97.44 on Friday. The company has a market capitalization of $120.40 billion, a price-to-earnings ratio of 13.78, a PEG ratio of 2.66 and a beta of 0.32. ConocoPhillips has a 12-month low of $79.88 and a 12-month high of $106.20. The business has a 50-day moving average price of $91.60 and a 200 day moving average price of $92.63. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP – Get Free Report) last announced its earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $14.51 billion. During the same quarter last year, the firm posted $1.78 earnings per share. ConocoPhillips’s revenue was up 14.1% compared to the same quarter last year. Sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were given a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, November 17th. This is an increase from ConocoPhillips’s previous quarterly dividend of $0.78. ConocoPhillips’s dividend payout ratio is 47.52%.

Analyst Ratings Changes

Several equities research analysts recently commented on COP shares. Sanford C. Bernstein cut their price target on ConocoPhillips from $116.00 to $98.00 and set an “outperform” rating for the company in a report on Monday, January 5th. Wolfe Research cut their target price on ConocoPhillips from $131.00 to $126.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Johnson Rice lowered ConocoPhillips from an “accumulate” rating to a “hold” rating and reduced their price target for the stock from $108.00 to $105.00 in a report on Friday, December 5th. Susquehanna dropped their price objective on shares of ConocoPhillips to $113.00 and set a “positive” rating for the company in a report on Monday, October 20th. Finally, Barclays cut their price objective on shares of ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating for the company in a research report on Tuesday, October 7th. Nineteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and a consensus target price of $112.96.

Read Our Latest Research Report on COP

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

Positive Sentiment: ConocoPhillips’ CEO Ryan Lance will attend the White House meeting on Venezuela, putting COP in direct discussions about potential access to Venezuelan oil assets and future investment opportunities. Reuters: ConocoPhillips says CEO will attend White House meeting
Positive Sentiment: President Trump stated oil companies would spend roughly $100 billion to rebuild Venezuela’s energy sector and indicated the U.S. would decide which firms can operate there — a large potential investment pool for participating majors like COP. Trump: Oil companies will spend $100 billion in Venezuela
Neutral Sentiment: U.S. energy officials say ConocoPhillips and peers are evaluating what role they could play in Venezuela; this is an exploratory phase with no guarantees of contracts or timing. Financial Post: ConocoPhillips and Exxon look at Venezuela role
Neutral Sentiment: U.S. Treasury commentary suggests the largest oil companies will likely move more cautiously into Venezuela than independents, implying COP may be slower to deploy capital despite big potential opportunities. Reuters: Bessent says largest oil companies likely move slower
Negative Sentiment: Analysts are trimming targets on COP: Bernstein cut its price target to $98 (from $116), signaling lowered near-term expectations despite keeping an Outperform rating. InsiderMonkey: Bernstein trims price target on ConocoPhillips
Negative Sentiment: Wolfe Research also lowered its price target, reflecting analyst caution that may pressure the stock until clarity on cash flows or clear commitments emerge. AmericanBankingNews: Wolfe Research Cuts ConocoPhillips Price Target
Negative Sentiment: Reports that U.S. oil companies want “serious guarantees” from Washington before making large Venezuelan investments highlight legal/regulatory risk that could delay or limit COP’s participation. Reuters: US oil companies say they need guarantees to invest in Venezuela

Insider Activity at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 500,708 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $92.50, for a total value of $46,315,490.00. Following the sale, the chief executive officer owned 325,972 shares of the company’s stock, valued at $30,152,410. The trade was a 60.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William H. Mcraven purchased 5,768 shares of the firm’s stock in a transaction on Monday, November 10th. The shares were purchased 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 directly owned 5,768 shares of the company’s stock, valued at $499,970.24. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.24% of the stock is currently owned by company insiders.

ConocoPhillips Profile

(Free Report)

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.