ConocoPhillips $COP Stock: Jefferies Financial Group Inc. Trims Position

Jefferies Financial Group Inc. decreased its position in shares of ConocoPhillips (NYSE:COP) by 42.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 85,967 shares of the energy producer’s stock after selling 62,972 shares during the period. Jefferies Financial Group Inc.’s holdings in ConocoPhillips were worth $10,759,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp boosted its position in shares of ConocoPhillips by 73.2% during the second quarter. State Street Corp now owns 118,591,447 shares of the energy producer’s stock valued at $12,328,767,000 after purchasing an additional 50,116,727 shares in the last quarter. Bank of America Corp DE purchased a new stake in ConocoPhillips in the second quarter worth $1,260,482,000. Primecap Management Co. CA bought a new position in ConocoPhillips in the second quarter worth $1,204,726,000. Assenagon Asset Management S.A. raised its holdings in ConocoPhillips by 1,181.0% in the third quarter. Assenagon Asset Management S.A. now owns 8,172,490 shares of the energy producer’s stock worth $1,022,787,000 after purchasing an additional 7,534,536 shares in the last quarter. Finally, Legal & General Group Plc bought a new position in ConocoPhillips in the second quarter worth $716,151,000. Institutional investors own 82.36% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on COP shares. Freedom Broker cut shares of ConocoPhillips from a “buy” rating to a “hold” rating and boosted their target price for the company from $122.00 to $138.00 in a report on Wednesday. Argus upped their target price on shares of ConocoPhillips from $136.00 to $153.00 and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Morgan Stanley increased their price target on shares of ConocoPhillips from $151.00 to $159.00 and gave the stock an “overweight” rating in a research note on Thursday, October 15th. Stifel Nicolaus assumed coverage on shares of ConocoPhillips in a research report on Thursday, September 10th. They set a “hold” rating and a $148.00 price target for the company. Finally, UBS Group reissued an “outperform” rating on shares of ConocoPhillips in a research report on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.69.

ConocoPhillips Stock Performance

ConocoPhillips stock opened at $137.75 on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.52 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $162.87 billion, a P/E ratio of 14.47, a PEG ratio of 1.25 and a beta of 0.16. The stock’s 50 day moving average is $137.10 and its 200 day moving average is $122.68. ConocoPhillips has a twelve month low of $85.70 and a twelve month high of $154.28.

ConocoPhillips (NYSE:COP) last announced its quarterly earnings data on Thursday, November 5th. The energy producer reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.22. The business had revenue of $19.43 billion during the quarter, compared to analysts’ expectations of $18.59 billion. ConocoPhillips had a return on equity of 17.60% and a net margin of 16.55%. The firm’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 earnings per share. On average, equities research analysts predict that ConocoPhillips will post 12.09 earnings per share for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be issued a dividend of $0.93 per share. The ex-dividend date is Monday, November 16th. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.84. This represents a $3.72 annualized dividend and a dividend yield of 2.7%. ConocoPhillips’s dividend payout ratio is 39.08%.

Insider Activity

In related news, SVP Andrew Lundquist sold 9,487 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $135.15, for a total value of $1,282,168.05. Following the transaction, the senior vice president owned 9,593 shares in the company, valued at $1,296,493.95. The trade was a 49.72% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Key ConocoPhillips News

These are some of the COP news items that stood out recently:

• Positive Sentiment: Q3 2026 revenue and adjusted profit exceeded analyst expectations, with sales up 29.2% year over year. The results provide a solid near-term earnings backdrop. Article: COP Q3 2026 deep dive
• Neutral Sentiment: The company expects to spend modestly less on capital projects in 2027 while pursuing production growth through low-cost assets and efficiency gains. This could support cash flow, but investors will look for evidence that the plan can deliver growth despite lower spending. Article: Can ConocoPhillips Sustain Future Production Growth With Lower CapEx?
• Negative Sentiment: Freedom Broker lowered its rating from “buy” to “hold.” Although it raised its price target to $138 from $122, that target implies little upside from the cited $137.75 share price, signaling limited near-term valuation potential. Article: Freedom Broker rating information

ConocoPhillips Profile

ConocoPhillips is an independent exploration and production company focused on finding, developing and producing oil and natural gas. Its products include crude oil, natural gas, liquefied natural gas and natural gas liquids. The company operates in several regions, including North America, Europe, the Middle East, North Africa and the Asia-Pacific. Its activities span exploration, development and production, with a portfolio that includes both conventional and unconventional resources. ConocoPhillips was formed in 2002 through the merger of Conoco and Phillips Petroleum.