ConocoPhillips Surges to 97th in Trading Volume with $8.78 Billion in Shares Traded

On June 10, 2025, ConocoPhillips (COP) experienced a significant surge in trading volume, with a total of $8.78 billion in shares traded, marking a 60.46% increase from the previous day. This surge placed ConocoPhillips at the 97th position in terms of trading volume for the day. The stock price of ConocoPhillips rose by 3.57%, marking the third consecutive day of gains, with a total increase of 6.83% over the past three days.

Several institutional investors have recently adjusted their positions in ConocoPhillips. Cardinal Capital Management Inc. increased its holdings by 28.9%, while Pallas Capital Advisors LLC boosted its position by 226.8%. First Citizens Bank & Trust Co. also raised its stake by 3.3%, and Vest Financial LLC increased its holdings by 45.8%. These moves indicate a growing interest in the energy producer among institutional investors.

On the other hand, some investors have reduced their stakes in ConocoPhillips. Foundation Resource Management Inc. decreased its position by 3.0%, and Reliant Investment Management LLC lowered its holdings by 94.1%. Gateway Investment Advisers LLC trimmed its stake by 4.8%, and Generali Investments Management Co LLC reduced its position by 46.8%. These adjustments suggest a mixed sentiment among investors regarding the company's prospects.

Additionally, there have been notable transactions involving ConocoPhillips shares. Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently purchased shares of ConocoPhillips, indicating a potential bullish outlook from a political figure. Furthermore, the Trump administration's efforts to roll back restrictions on Arctic oil drilling have put ConocoPhillips in focus, as the company stands to benefit from a potential policy shift in favor of increased oil drilling activities.