Eagle Capital Management 13F: Cuts COP Stake by $97M

Eagle Capital Management has trimmed its stake in ConocoPhillips (NYSE: COP) by approximately 930,000 shares, according to its latest Form 13F filing with the SEC, reflecting holdings as of the end of the reporting period. The fund now holds about 18.9 million shares, a decrease of 4.7% from its previous position, with a total value of approximately $2.21 billion.

What Changed in Eagle Capital Management's ConocoPhillips Position

Eagle Capital Management reduced its holdings in ConocoPhillips from 19.8 million shares to 18.9 million shares, cutting about 930,000 shares. This represents a 4.7% decrease in its stake. The value of this reduced position stands at approximately $2.21 billion.

Other Institutional Activity in ConocoPhillips

In other institutional activity, BlackRock, Inc. added about 1.6 million shares to its holdings, now owning 91.2 million shares worth approximately $12.03 billion. Vanguard Capital Management LLC significantly increased its position, adding 79.5 million shares, resulting in a total of 79.5 million shares valued at around $10.5 billion. State Street Corp also increased its holdings by 3.9 million shares, bringing its total to 68.5 million shares with a value of roughly $9.04 billion. Conversely, Charles Schwab Investment Management Inc reduced its stake by 3.5 million shares, now holding 37.9 million shares worth about $5 billion.

ConocoPhillips Stock Down 27.0%

Shares of ConocoPhillips (NYSE: COP) are trading near $116.98. The company has a market capitalization of approximately $142.5 billion and a P/E ratio of 19.86. ConocoPhillips' stock has a 52-week low of $85.57 and a high of $135.87. It has a 50-day moving average of $120.84 and a 200-day moving average of $104.78. The company maintains a current ratio of 1.29 and a quick ratio of 1.07, with a debt-to-equity ratio of 36.14.

Recent Earnings

For its most recent quarter ending March 31, 2026, ConocoPhillips reported revenue of $59.38 billion, though it saw a revenue decline of 5.3%. The company achieved a net margin of 12.33% and a return on equity of 11.28%. Its next earnings report is expected on April 30, 2026.

Dividend

ConocoPhillips offers an annual dividend rate of $3.36, yielding 2.91%. The company's dividend payout ratio is 54.92%.

Insider Buying and Selling at ConocoPhillips

Recent insider activity at ConocoPhillips includes Sharmila Mulligan selling 1,974 shares on June 10, 2026, and Senior Vice President Andrew Lundquist executing various transactions on June 1, 2026, including selling 2,936 shares and buying the same amount. William McRaven purchased 2,230 shares on April 15, 2026.

Analysts Set New Price Targets

On May 27, 2026, Mizuho maintained its 'buy' rating on ConocoPhillips with a price target of $150. Barclays also maintained a 'buy' rating with a $155 target on May 26, 2026. Morgan Stanley echoed this sentiment on May 22, 2026, with a $153 target. The consensus among analysts remains a 'buy' with an average target price of $142.77 from 26 opinions.

About ConocoPhillips

ConocoPhillips is a global energy company based in Houston, Texas, specializing in the exploration, production, and marketing of oil and natural gas. With operations across several continents, including North America, Europe, and Asia, the company employs about 9,700 people. Led by CEO Ryan M. Lance, ConocoPhillips focuses on both conventional and unconventional energy resources, including significant LNG developments.

Bottom Line

Eagle Capital Management's reduction in its ConocoPhillips stake reflects a strategic adjustment in its portfolio. Investors often track such moves for insights, but remember that 13F filings are backward-looking and may not indicate current positions. ConocoPhillips remains a significant player in the energy sector, with robust institutional interest and positive analyst sentiment.