Quilter 13F: Cuts ConocoPhillips (COP) Stake by $588K
Key Points
- Quilter reduced its holdings in ConocoPhillips by 30.4% during the period, bringing its total down to 10,748 shares valued at about $1.35 million.
- ConocoPhillips closed at $145.67 on the day of the filing, trading near its 52-week high of $147.42 with a trailing twelve-month revenue of $64.46 billion.
- Wall Street analysts maintain a consensus buy rating on the stock with a mean price target of $151.27 ahead of earnings on November 5, 2026.
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Institutional investor Quilter lowered its investment in ConocoPhillips COP by cutting 4,702 shares during the period, according to a Form 13F filed with the Securities and Exchange Commission on October 21, 2026.
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ConocoPhillips
Quilter vs. the S&P 500
Hypothetical returns from Quilter's disclosed trades, not real profit or advice. How we model this.
What Changed in Quilter's ConocoPhillips Position
Quilter trimmed its holdings by 30.4%, leaving it with 10,748 shares of the oil and gas producer at the end of the reporting period. The remaining stake carried a reported value of $1,345,112, down from its prior position of 15,450 shares.
Other Institutional Activity in ConocoPhillips
Other large investors shuffled their positions in the energy company around the same time. Eagle Capital Management reduced its holdings by 929,753 shares, ending with 18,910,677 shares worth about $1.97 billion. Capital International Investors trimmed its stake by 2,209,111 shares to finish with 28,905,122 shares valued at approximately $4.21 billion. On the buying side, Amundi grew its holdings by 206,814 shares, ending with 5,095,818 shares worth about $529.76 million. Traphagen Investment Advisors opened a new position with 1814 shares valued at $226,993, while Euro Pacific Asset Management picked up 1587 shares worth about $210,262.
ConocoPhillips Stock Down 0.7%
ConocoPhillips shares closed at $145.67 on October 21, 2026. The stock recently traded around $145.68, putting it just below its 52-week high of $147.42.
Recent Earnings
ConocoPhillips posted trailing twelve-month revenue of $64.46 billion alongside earnings of $7.55 per share. The company is scheduled to release its next financial results 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 rate of $3.36 per share, giving it a dividend yield of 2.31%.
Insider Buying and Selling at ConocoPhillips
Company insiders completed several transactions prior to the filing. General Counsel Kelly Brunetti Rose sold 7,700 shares on March 24, 2026, at an average price of $130.03 for a total of $1,001,212, and later sold 15,000 shares on August 20, 2026, at $134.52 for $2,017,725. Chief Executive Officer Ryan Michael Lance sold 113,221 shares on March 31, 2026, at $132.71 for $15,025,389. Director Sharmila Mulligan sold 1,974 shares on June 10, 2026, at $119.00 for $234,906.
Analysts Set New Price Targets
Wall Street firms updated their outlooks on the energy producer prior to the filing. On September 14, 2026, UBS maintained a Buy rating and raised its price target to $169 from $153. Jefferies maintained a Buy rating on October 7, 2026, lifting its target to $174 from $159. On the same day, Truist Securities kept a Hold rating while bumping its target to $136 from $130. Morgan Stanley maintained an Overweight rating on October 15, 2026, moving its target to $159 from $151. Finally, Susquehanna maintained a Positive rating on October 20, 2026, raising its target to $175 from $161. Overall, 26 analysts give the stock a consensus buy recommendation with a mean price target of $151.27.
About ConocoPhillips
ConocoPhillips operates as an independent exploration and production company, finding and extracting crude oil, natural gas, and liquefied natural gas across global regions including Alaska, the Lower 48, Canada, Europe, and Asia Pacific. Its operational scale makes it a major bellwether for the traditional energy sector.
Bottom Line
Investors will watch for upcoming earnings results on November 5, 2026, to gauge operational performance. Institutional filings continue to provide visibility into how large asset managers adjust their sector allocations.
Related Filing Alerts
Source: Quilter's 13F filing on $COP (Oct 21, 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