Here’s What Hurt ConocoPhillips’ (COP) in Q2

3 weeks ago 24

Soumya Eswaran

Tue, July 14, 2026 astatine 9:12 AM CDT 2 min read

Harris Oakmark precocious released its second-quarter 2026 capitalist missive for the "Oakmark Fund". A transcript of the missive tin beryllium downloaded here. The nonsubjective of the money is to present superior appreciation by investing successful a divers acceptable of large-cap US companies. In the quarter, the Fund (investor class) underperformed the S&P 500 Index, returning 2.45% vs. 15.20% for the index. The industrials and financials contributed to show astatine the assemblage level, portion accusation exertion and vigor detracted. Investing successful AI-benefited enterprises kept marketplace enactment constrictive during the quarter. In addition, you tin cheque the Fund's apical 5 holdings to find its champion picks for 2026.

In its Q2 2026 capitalist letter, Oakmark Fund highlighted ConocoPhillips (NYSE:COP). ConocoPhillips (NYSE:COP) is simply a US-based vigor institution that produces, transports, and markets crude oil, bitumen, earthy gas, liquefied earthy state (LNG), and earthy state liquids. On July 13, 2026, ConocoPhillips (NYSE:COP) closed astatine $112.85 per share, reflecting a marketplace capitalization of $137.48 billion. ConocoPhillips (NYSE:COP) posted a one-month instrumentality of 1.36%, portion its shares gained 21.93% implicit the past 52 weeks.

Oakmark Fund stated the pursuing regarding ConocoPhillips (NYSE:COP) successful its Q2 2026 capitalist update:

"ConocoPhillips (NYSE:COP) was the apical detractor during the quarter. The U.S.-headquartered lipid and state exploration and accumulation company's banal declined arsenic crude prices, which had risen connected Middle East disruptions, eased. Positively, the company's underlying fundamentals proceed to way our expectations. We worth management's absorption connected shareholder returns and spot a agelong runway for maturation from the company's geographically divers and inventory-deep vigor portfolio."

Top 5 Natural Gas Producers successful the US

ConocoPhillips (NYSE:COP) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 74 hedge money portfolios held ConocoPhillips (NYSE:COP) astatine the extremity of the archetypal quarter, up from 65 successful the erstwhile quarter. While we admit the imaginable of ConocoPhillips (NYSE:COP) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

In another article, we covered ConocoPhillips (NYSE:COP) and shared the database of inexpensive blue-chip stocks to bargain according to Wall Street analysts. In addition, delight cheque retired our hedge money capitalist letters Q2 2026 page for much capitalist letters from hedge funds and different starring investors.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.

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