Amundi 13F: Adds $22M to ConocoPhillips (COP) Stake
Asset manager Amundi grew its ConocoPhillips stake by 206,814 shares, lifting its total position to over five million shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Amundi added 206,814 shares to its stake in ConocoPhillips ($COP), a 4.23% increase, according to a 13F filing with the SEC dated May 18, 2026. It reported 5,095,818 shares worth $529.76 million at the end of the quarter.
Since the filing, $COP is down 6.4% after 1 week, down 10.7% after 1 month and up 18.4% to date (from the $123.71 close on May 18, 2026).
COP
ConocoPhillips
Key Points
- Institutional investor Amundi grew its stake in ConocoPhillips by 4.2%, adding 206,814 shares to hold 5,095,818 shares worth about $529.7 million based on a recent SEC filing.
- ConocoPhillips shares trade below their 52-week high of $143.13, while carrying an 18.8 price-to-earnings ratio and a forward P/E of 13.5.
- Wall Street research firms maintain a consensus buy rating on the energy producer, backed by a mean price target of $149.15 across 26 analyst reviews.
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Amundi Boosts Holdings in ConocoPhillips
Asset management firm Amundi increased its stake in ConocoPhillips NYSE:COP by 4.2% during the reporting period, according to a Form 13F filing with the U.S. Securities and Exchange Commission. The filing reflects holdings as of the reporting period and may not represent the investor's current position.
Inside Amundi's Move in ConocoPhillips Shares
During the quarter, Amundi added 206,814 shares of the energy producer to its portfolio. That purchase brought the firm's total holdings to 5,095,818 shares. Based on market values around the filing period, that position carried a value of approximately $529.7 million. Prior to this addition, the firm held 4,889,004 shares.
ConocoPhillips Stock Position and Market Valuation
ConocoPhillips shares trade well below their 52-week peak of $143.13, sitting closer to their 52-week low of $85.57. The company holds a market capitalization of roughly $172.6 billion and carries a price-to-earnings ratio of 18.8. Its forward P/E ratio stands at 13.5, providing a look at expected earnings relative to the share price.
Recent Earnings and Dividend Context
ConocoPhillips reported strong financial performance with $64.4 billion in revenue and a 35.5% revenue growth rate. The company generated a net margin of 14.4% alongside a return on equity of 14.18%. Investors received an annual dividend yielding 2.37%, backed by a payout ratio of 43.71%. The company's next earnings report is scheduled for 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.
Wall Street Analysts Update Outlooks
Analyst firms have kept a generally positive outlook on the energy company through recent months. On October 15, 2026, Morgan Stanley maintained its Overweight rating while lifting its price target to $159.00 from $151.00. Earlier on October 7, 2026, Jefferies maintained a Buy rating and raised its target to $174.00, while Truist Securities kept a Hold rating with a target of $136.00. Overall, the stock holds a consensus buy rating from 26 analyst opinions and a mean price target of $149.15.
What ConocoPhillips Does
ConocoPhillips operates as an independent exploration and production company based in Houston, Texas. The firm explores for, extracts, and markets crude oil, natural gas, and liquefied natural gas across diverse global segments spanning North America, Europe, Asia, and Australia.
What to Watch Next for Investors
Market participants will look toward the company's next earnings release on November 5, 2026, for updated production and financial figures. Subsequent 13F filings from institutional managers will also reveal whether firms like Amundi continue adjusting their positions in the energy sector.
Related Filing Alerts
Source: Amundi's 13F filing on $COP (May 18, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Amundi 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts