Abc Arbitrage 13F: Exits ConocoPhillips (COP) Stake
Key Points
- Abc Arbitrage exited its ConocoPhillips position by selling all 48,778 shares according to an SEC filing on October 23, 2026.
- ConocoPhillips recently traded around $150.81, sitting roughly 2.2% above its 52-week high of $147.55 as of October 24, 2026.
- Major Wall Street firms including UBS and Jefferies maintain buy ratings on the energy giant with price targets reaching up to $189.00.
Get ConocoPhillips text alerts
We text you when insiders, Congress, analysts or big funds move on $COP.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated ConocoPhillips alert may contain errors. Disclosures
Abc Arbitrage completely closed out its position in ConocoPhillips COP, selling its entire holding of 48,778 shares. The exit was revealed in an SEC filing on October 23, 2026.
COP
ConocoPhillips
What Changed in Abc Arbitrage's ConocoPhillips Position
In its latest Form 13F filing, Abc Arbitrage reported a complete exit from the energy producer. The fund parted ways with all 48,778 shares it previously held, bringing its stake down to zero. The reported value of the position dropped by 100.0% as the firm liquidated its entire holding.
Other Institutional Activity in ConocoPhillips
Other large money managers have also been adjusting their portfolios regarding the stock. Quilter reduced its holdings by 4,702 shares, ending with 10,748 shares worth about $1,345,112 in a report dated October 21, 2026. Euro Pacific Asset Management added 1,587 shares to finish with 1,587 shares valued at roughly $210,262 on October 13, 2026. Capital International Investors cut its stake by 2,209,111 shares, leaving it with 28,905,122 shares worth about $4,358,892,485 in its report for June 30, 2026.
ConocoPhillips Stock Up 3.5%
ConocoPhillips shares recently traded around $150.81 on October 24, 2026, roughly matching the $150.80 close on the day of the filing. The stock sits above its 50-day moving average of $133.54 and well above its 200-day moving average of $119.71. Shares have climbed past the 52-week high of $147.55, reaching levels up 76.2% from the 52-week low of $85.57.
Recent Earnings
ConocoPhillips posted trailing twelve month revenue of $64.46 billion alongside earnings of $7.55 per share. The company reports a net profit margin of 14.4% and a return on equity of 14.2%. Its next earnings report is scheduled for November 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
3 analysts raised price targets.
-
EPS & revenue
EPS beat estimates by 13.2%. Revenue beat estimates by 1.6%.
-
Profit surprise
EBITDA missed by 2 percent. Operating income beat by 2 percent.
-
Pre-earnings setup
Expectations were about average.
-
Analyst signal
3 target raises.
-
Earnings quality
Gross margin up 16.7 points. Operating margin down 4.6 points. Positive free cash flow.
Earnings Call Summary
ConocoPhillips delivered strong first quarter results with 1.89 dollars of earnings per share and 5.4 billion dollars of free cash flow, beating expectations. The company returned 2 billion dollars to shareholders. Willow construction in Alaska is 50 percent complete with key milestones achieved. The Middle East conflict has taken about 10 million barrels per day of global production offline, with Qatar being their main impact at about 80 thousand barrels per day. The company remains committed to its long-term strategy and is adding modest Permian activity to maintain operational efficiency.
Guidance The company lowered production guidance for the full year by 35 thousand barrels per day because of the Middle East conflict taking Qatar offline. Operating costs stay at 10.2 billion dollars, down 400 million from last year. Capital spending goes up slightly to 12 to 12.5 billion dollars to add Permian drilling and maintain efficiency. The company expects free cash flow to be up significantly from higher oil and liquefied natural gas prices since it is not hedged.
Solid report. Results were generally better than expected, but the forward outlook did not materially change.
Dividend
ConocoPhillips pays an annual dividend rate of $3.36 per share, giving it a dividend yield of 2.31%. The payout ratio sits at 43.7% of earnings.
Insider Buying and Selling at ConocoPhillips
Company insiders have carried out several stock sales over the past several months. General Counsel Kelly Brunetti Rose sold 7,700 shares on March 24, 2026, at an average price of $130.03 for a total value of $1,001,212. Chief Executive Officer Ryan Michael Lance sold 113,221 shares on March 31, 2026, at $132.71 per share totaling $15,025,389. Director Sharmila Mulligan disposed of 1,974 shares on June 10, 2026, at $119.00 each worth $234,906. Later, General Counsel Kelly Brunetti Rose parted with another 15,000 shares on August 20, 2026, at $134.52 per share for a total of $2,017,725.
Analysts Set New Price Targets
Wall Street firms continue to update their views on the energy producer. UBS maintained its buy rating on September 14, 2026, raising its price target from $153.00 to $169.00. Jefferies kept a buy rating on October 7, 2026, lifting its target from $159.00 to $174.00. Truist Securities maintained a hold rating on October 7, 2026, moving its target from $130.00 to $136.00. Morgan Stanley maintained an overweight rating on October 15, 2026, boosting its target from $151.00 to $159.00. Susquehanna maintained a positive rating on October 20, 2026, raising its target from $161.00 to $175.00. Overall, analysts maintain a consensus buy rating with a mean price target of $151.27 across 26 analyst opinions.
About ConocoPhillips
ConocoPhillips operates as an independent exploration and production company based in Houston, Texas. It explores for, develops, and produces crude oil, natural gas, and liquefied natural gas across global regions including Alaska, the Lower 48 states, Canada, Europe, North Africa, and Asia Pacific. The company plays a major role in global energy supply through its large-scale extraction operations.
Bottom Line
Investors are keeping a close watch on the energy sector ahead of ConocoPhillips' upcoming earnings report on November 5, 2026. Institutional shifts and ongoing analyst target adjustments will remain key areas of focus for the stock.
Related Filing Alerts
Source: Abc Arbitrage's 13F filing on $COP (Oct 23, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts