Gf Fund Management 13F: Cuts ConocoPhillips (COP) Stake by $7.7M
Key Points
- The fund's stake in ConocoPhillips is now 139,561 shares, a reduction of 61,277 shares valued at approximately $17.5 million.
- ConocoPhillips closed at $150.41 on October 26, 2026, and recently traded around $151.40, about equal to its mean price target of $151.27.
- Gf Fund Management's position in ConocoPhillips represents 0.41% of its total reported value of approximately $4.25 billion.
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Gf Fund Management reduced its position in ConocoPhillips (NYSE: COP) by 61,277 shares, bringing its total holdings to 139,561 shares. This change was disclosed in a filing on October 26, 2026, and the move represents a 30.5% decrease in their stake, valued at about $17.5 million based on the reported value at the time.
COP
ConocoPhillips
Where ConocoPhillips Fits in Gf Fund Management's Portfolio
Gf Fund Management's remaining stake in ConocoPhillips accounts for 0.41% of its overall portfolio, ranking 33rd among its 616 positions.
Other Institutional Activity in ConocoPhillips
Several other funds also adjusted their positions in ConocoPhillips recently. Quilter reduced its holdings by 4,702 shares, ending with 10,748 shares valued at about $1.3 million. Capital International Investors cut its stake by 2,209,111 shares, now holding 28,905,122 shares worth approximately $4.4 billion. Euro Pacific Asset Management and Traphagen Investment Advisors both maintained their positions with 1,587 and 1,814 shares respectively.
ConocoPhillips Stock Up 0.4%
ConocoPhillips closed at $150.41 on October 26, 2026, and has recently traded around $151.40, which is about 0.7% above its closing price. The stock is currently above its 50-day and 200-day moving averages by 12.9% and 26.2%, respectively, indicating a strong upward trend.
Recent Earnings
For the trailing twelve months, ConocoPhillips reported revenue of approximately $64.5 billion and earnings per share (EPS) of $7.55. The company’s next earnings report is expected on November 5, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 13.2%. Revenue beat estimates by 1.6%.
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Profit surprise
EBITDA missed by 2 percent. Operating income beat by 2 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
3 target raises.
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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 of $3.36 per share, yielding about 2.23%. The payout ratio stands at 43.7%, indicating a balanced approach to returning value to shareholders while retaining earnings for growth.
Insider Buying and Selling at ConocoPhillips
Several insiders sold shares earlier this year. General Counsel Kelly Brunetti Rose sold 7,700 shares at an average price of $130.03 on March 24, 2026, totaling about $1 million. CEO Ryan Michael Lance sold 113,221 shares at $132.71 on March 31, 2026, valued at approximately $15 million. No recent insider buying was reported.
Analysts Set New Price Targets
On October 20, 2026, Susquehanna maintained a Positive rating on ConocoPhillips with a price target of $175.00. This follows other firms like UBS and Jefferies, which also maintained Buy ratings with targets of $169.00 and $174.00, respectively. The consensus rating remains a Buy, with a mean price target of $151.27 based on 26 analyst opinions.
About ConocoPhillips
ConocoPhillips is an energy company that explores for and produces oil, natural gas, and other energy products. It operates across various regions, including Alaska, Canada, and Europe. The recent adjustments to its stock positions by institutional investors reflect ongoing market dynamics in the energy sector.
Bottom Line
Investors should keep an eye on ConocoPhillips as it prepares for its upcoming earnings report on November 5, 2026. Gf Fund Management's recent cut in its position may signal strategic shifts, but the overall market sentiment remains positive as reflected in analyst ratings and price targets.
Related Filing Alerts
Source: Gf Fund Management's 13F filing on $COP (Oct 26, 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