Cherokee Insurance Co Has $4.02 Million Stake in ConocoPhillips $COP

Cherokee Insurance Co lowered its position in shares of ConocoPhillips (NYSE:COP) by 16.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,700 shares of the energy producer’s stock after selling 7,500 shares during the quarter. ConocoPhillips comprises 1.6% of Cherokee Insurance Co’s investment portfolio, making the stock its 20th biggest holding. Cherokee Insurance Co’s holdings in ConocoPhillips were worth $4,023,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of COP. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in shares of ConocoPhillips during the 4th quarter valued at about $25,000. Strive Asset Management LLC acquired a new position in ConocoPhillips in the third quarter valued at approximately $28,000. Frazier Financial Advisors LLC lifted its stake in ConocoPhillips by 151.0% in the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after buying an additional 145 shares during the period. Allied Private Wealth LLC bought a new position in shares of ConocoPhillips during the 2nd quarter worth approximately $32,000. Finally, BNP Paribas bought a new position in shares of ConocoPhillips during the 2nd quarter worth approximately $33,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Traders purchased 68,293 call options on Friday, roughly 339% above the average daily call volume of 15,545. The unusually high call activity signals increased speculative and potentially bullish interest in COP.
• Positive Sentiment: ConocoPhillips reported record Permian production and generated approximately $4.2 billion in second-quarter free cash flow. Management discussed using its financial strength to support expansion in Iraq and liquefied natural gas, which could improve future production and cash generation. ConocoPhillips Q2 2026 Earnings Call Transcript
• Positive Sentiment: The Coyote 3SX project on Alaska’s North Slope has achieved first oil. The start-up adds production from a project that received approximately $800 million in funding and reinforces COP’s growth outlook. ConocoPhillips Alaska’s Coyote 3SX Project Achieves First Oil
• Positive Sentiment: Rising oil prices amid tensions around the Strait of Hormuz are providing a favorable commodity-price backdrop for COP, whose earnings and cash flow remain sensitive to oil prices. Why ConocoPhillips Is in Focus as Oil Climbs on Hormuz Tensions
• Positive Sentiment: Susquehanna forecast strong price appreciation for COP, adding to the positive analyst outlook. Susquehanna Forecasts Strong Price Appreciation for ConocoPhillips
• Neutral Sentiment: Brokerages maintain an average “Moderate Buy” recommendation, indicating constructive but not overwhelmingly bullish institutional sentiment. ConocoPhillips Given Average Recommendation of Moderate Buy
• Neutral Sentiment: A broader LNG investment wave involving Qatar, the United States and Argentina may support the long-term market for gas producers, although the article does not announce a new COP project. Five LNG Megaprojects Poised to Power the Next Gas Boom

Analyst Ratings Changes

Several analysts have recently commented on COP shares. Jefferies Financial Group raised their price objective on shares of ConocoPhillips from $160.00 to $161.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Truist Financial raised their price target on shares of ConocoPhillips from $115.00 to $130.00 and gave the stock a “hold” rating in a report on Monday, August 10th. Royal Bank Of Canada set a $130.00 price target on shares of ConocoPhillips in a research note on Monday, June 22nd. Roth Capital raised shares of ConocoPhillips from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $124.00 to $130.00 in a research report on Monday, June 22nd. Finally, Wall Street Zen upgraded ConocoPhillips from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $137.68.

ConocoPhillips Price Performance

COP opened at $126.67 on Friday. ConocoPhillips has a 1 year low of $85.57 and a 1 year high of $135.87. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. The company has a market capitalization of $152.17 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 1.38 and a beta of 0.11. The firm’s fifty day moving average price is $113.88 and its two-hundred day moving average price is $116.60.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, beating the consensus estimate of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The company had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. During the same quarter in the prior year, the company posted $1.42 earnings per share. The firm’s revenue for the quarter was up 32.4% on a year-over-year basis. As a group, analysts anticipate that ConocoPhillips will post 10.05 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.84 dividend. The ex-dividend date is Monday, August 17th. This represents a $3.36 annualized dividend and a yield of 2.7%. ConocoPhillips’s dividend payout ratio (DPR) is 44.44%.

ConocoPhillips 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.