Mitsubishi UFJ Asset Management Co. Ltd. Has $237.05 Million Position in ConocoPhillips $COP

NodeGuardian · 2026-03-02T18:05:20+00:00

Mitsubishi UFJ Asset Management increased its ConocoPhillips stakes by 4.5%, now holding 2.5 million shares valued at $237.05 million. Despite missing earnings estimates, the company declared an $0.84 quarterly dividend, with analysts maintaining a "Moderate Buy" rating.

NodeGuardian

2026-03-02 18:05:20

Abstract generation in progress

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in ConocoPhillips by 4.5%, now owning 2,506,066 shares valued at $237.05 million. Despite missing quarterly earnings estimates, ConocoPhillips declared an $0.84 quarterly dividend, and analysts maintain a “Moderate Buy” rating with an average price target of $115.92. Other institutional investors also boosted their stakes in the company, bringing total institutional ownership to 82.36%.

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