Traphagen Investment Advisors 13F: New $227K Stake in COP

Traphagen Investment Advisors initiated a new position in ConocoPhillips (NYSE: COP), buying 1,814 shares of the energy company. The stake was valued at approximately $226,993 according to a Form 13F filing with the SEC on October 14, 2026. Because 13F filings look backward at holdings from the end of a prior period, this report reflects the portfolio snapshot at that time and may not represent current holdings.

What Changed in Traphagen Investment Advisors's ConocoPhillips Position

The firm opened a brand-new stake by purchasing 1,814 shares of ConocoPhillips. The reported value of the holding reached $226,993. As a new buy, the position establishes a fresh footprint in the oil and gas producer for the portfolio.

Other Institutional Activity in ConocoPhillips

Other large money managers also adjusted their positions in ConocoPhillips during recent reporting periods. Blackrock Inc. grew its holdings by 2,716,854 shares, ending with 93,886,457 shares worth about $13,755,304,299. Vanguard Capital Management LLC added 63,629 shares to finish with 79,600,198 shares valued at roughly $11,662,224,571. State Street Corporation reduced its stake by 2,642,987 shares, leaving it with 65,828,184 shares worth about $9,644,486,876. Price (T.Rowe) Associates Inc cut its holdings by 2,493,275 shares to hold 44,817,455 shares valued at approximately $6,566,205,085. Meanwhile, Charles Schwab Investment Management, Inc. lifted its position by 3,563,768 shares, finishing with 41,476,189 shares worth about $6,076,676,222.

ConocoPhillips Stock Up 2.7%

ConocoPhillips shares recently traded around $146.20 as of October 16, 2026. That price puts the stock above its 50-day moving average of $131.18 and well above its 200-day moving average of $118.46. The shares are also trading near the upper end of their 52-week range, which spans from a low of $85.57 to a high of $143.13.

Recent Earnings

For its trailing twelve months, ConocoPhillips posted revenue of $64,459,001,856 and earnings of $7.55 per share. The company reported a net margin of 14.4% alongside a return on equity of 14.2%. Investors can look toward the next earnings report scheduled for November 5, 2026.

Dividend

ConocoPhillips pays an annual dividend with a yield of 2.37%. The company allocated 43.7% of its earnings to dividend payments over the trailing period.

Insider Buying and Selling at ConocoPhillips

Company insiders executed 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 per share totaling $2,017,725. Chief Executive Officer Ryan Michael Lance sold 113,221 shares on March 31, 2026, at $132.71 per share worth $15,025,389. Director Sharmila Mulligan sold 1,974 shares on June 10, 2026, at $119.00 per share for a total of $234,906.

Analysts Set New Price Targets

Wall Street analysts hold a consensus buy rating on ConocoPhillips with a mean price target of $149.15 across 26 analyst opinions. On August 19, 2026, Morgan Stanley maintained an Overweight rating and raised its target to $151.00 from $147.00. Seaport Global initiated coverage with a Neutral rating on September 3, 2026. UBS maintained a Buy rating on September 14, 2026, lifting its target to $169.00 from $153.00. Jefferies maintained a Buy rating on October 7, 2026, raising its target to $174.00 from $159.00. Truist Securities maintained a Hold rating on October 7, 2026, adjusting its target to $136.00 from $130.00.

About ConocoPhillips

Headquartered in Houston, Texas, ConocoPhillips operates as an independent energy company focused on exploring for, producing, transporting, and marketing crude oil, natural gas, bitumen, and liquefied natural gas. The firm runs operations across Alaska, the Lower 48 states, Canada, Europe, North Africa, and the Asia Pacific region. Institutional investments in the company highlight how large managers position themselves within the broader energy sector.

Bottom Line

Investors tracking Traphagen Investment Advisors will need to wait for subsequent SEC disclosures to see if the firm maintains its ConocoPhillips holding. The upcoming earnings report on November 5, 2026, will provide fresh financial data on the company's operational performance.