Jennison Associates LLC Purchases 10,779 Shares of ConocoPhillips $COP

Jennison Associates LLC grew its position in ConocoPhillips (NYSE:COP) by 7.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 153,240 shares of the energy producer’s stock after acquiring an additional 10,779 shares during the period. Jennison Associates LLC’s holdings in ConocoPhillips were worth $14,345,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of ConocoPhillips by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 120,251,183 shares of the energy producer’s stock worth $11,256,713,000 after purchasing an additional 408,304 shares during the period. Capital International Investors lifted its holdings in shares of ConocoPhillips by 18.2% in the third quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock worth $4,318,239,000 after buying an additional 7,037,873 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of ConocoPhillips by 1.8% in the third quarter. Fisher Asset Management LLC now owns 14,653,966 shares of the energy producer’s stock worth $1,386,119,000 after buying an additional 260,091 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of ConocoPhillips by 20.6% in the third quarter. Ameriprise Financial Inc. now owns 12,994,674 shares of the energy producer’s stock worth $1,228,886,000 after buying an additional 2,216,010 shares in the last quarter. Finally, Primecap Management Co. CA lifted its holdings in shares of ConocoPhillips by 31.3% in the third quarter. Primecap Management Co. CA now owns 10,351,010 shares of the energy producer’s stock worth $979,102,000 after buying an additional 2,467,555 shares in the last quarter. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Q1 results beat estimates on EPS and showed disciplined cost control and strong cash generation, supporting near‑term profitability. ConocoPhillips Q1 EPS beats estimates; shares fall on Qatar output cut
• Positive Sentiment: Higher crude prices from Mideast tensions are boosting margins and expected free cash flow, increasing capacity for buybacks/dividends. Higher Oil Prices Are Boosting This Oil Stock’s Profits. Here’s How It’s Using That Windfall.
• Positive Sentiment: Management outlined a $12.0–$12.5B 2026 capex range and reiterated multiyear free‑cash‑flow targets (on track for ~$7B FCF inflection by 2029), which supports long‑term shareholder returns. ConocoPhillips outlines $12B-$12.5B 2026 capex range…
• Neutral Sentiment: Zacks upgraded COP to strong‑buy and broader analyst commentary may influence flows, but upgrades are offset by the company’s trimmed production view. Is It Worth Investing in ConocoPhillips (COP) Based on Wall Street’s Bullish Views?
• Negative Sentiment: Management excluded Qatar from Q2 guidance and trimmed full‑year production targets amid the Middle East conflict, a direct hit to near‑term volume expectations. ConocoPhillips Q1 2026 earnings fall 21% to $2.2bn
• Negative Sentiment: YoY production and revenues declined (revenue down ~6%), and management warned of wider supply disruption risks — factors pressuring the stock despite the beat. ConocoPhillips posts lower first-quarter profit
• Negative Sentiment: Geopolitical escalation (Iran/Stait of Hormuz concerns) has pushed oil higher but raises operational and guidance uncertainty; market reaction shows shares falling on the guidance cut despite higher commodity prices. Oil Set for Weekly Gain as Trump Says Iran Blockade Will Persist

ConocoPhillips Price Performance

ConocoPhillips stock opened at $123.19 on Friday. The company has a market cap of $150.15 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.74 and a beta of 0.14. The firm’s fifty day moving average is $122.17 and its 200 day moving average is $104.33. The company has a quick ratio of 1.14, a current ratio of 1.29 and a debt-to-equity ratio of 0.34. ConocoPhillips has a 52-week low of $84.28 and a 52-week high of $135.87.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.21. The company had revenue of $15.76 billion for the quarter, compared to the consensus estimate of $15.62 billion. ConocoPhillips had a net margin of 12.10% and a return on equity of 11.39%. ConocoPhillips’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 earnings per share. Sell-side analysts forecast that ConocoPhillips will post 9.47 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $3.36 dividend on an annualized basis and a yield of 2.7%. ConocoPhillips’s dividend payout ratio is presently 57.05%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on COP. Susquehanna boosted their target price on shares of ConocoPhillips from $149.00 to $152.00 in a report on Friday. Piper Sandler boosted their target price on shares of ConocoPhillips from $154.00 to $157.00 and gave the stock an “overweight” rating in a report on Wednesday, April 8th. Roth Mkm downgraded shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 target price on the stock. in a report on Tuesday, February 17th. JPMorgan Chase & Co. boosted their target price on shares of ConocoPhillips from $98.00 to $103.00 and gave the stock a “neutral” rating in a report on Friday, February 6th. Finally, Jefferies Financial Group boosted their target price on shares of ConocoPhillips from $129.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, April 13th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, ConocoPhillips has a consensus rating of “Moderate Buy” and an average target price of $133.04.

Insider Activity at ConocoPhillips

In related news, EVP Nicholas G. Olds sold 6,994 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $127.06, for a total transaction of $888,657.64. Following the sale, the executive vice president owned 5,395 shares of the company’s stock, valued at $685,488.70. This represents a 56.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the completion of the sale, the senior vice president directly owned 25,284 shares in the company, valued at approximately $3,287,678.52. This represents a 23.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 734,891 shares of company stock valued at $93,345,692 over the last quarter. 0.09% of the stock is currently owned by insiders.

ConocoPhillips Company Profile

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.