Mitsubishi UFJ Asset Management Boosts ConocoPhillips Stake

Japanese asset manager increases holdings in major U.S. energy producer

Published on Feb. 27, 2026

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Mitsubishi UFJ Asset Management Co. Ltd. has increased its stake in ConocoPhillips (NYSE:COP) by 4.5% during the third quarter, according to a recent SEC filing. The firm now owns 2,506,066 shares of the energy producer's stock, valued at $237,049,000.

Why it matters

This investment by a major Japanese asset manager signals continued confidence in the outlook for ConocoPhillips, one of the largest independent oil and gas exploration and production companies in the United States. The increased stake comes as ConocoPhillips has seen its share price rise amid higher global energy prices.

The details

Mitsubishi UFJ Asset Management acquired an additional 108,727 shares of ConocoPhillips during the third quarter, bringing its total holdings to over 2.5 million shares. The asset manager cited the energy company's strong financial performance and growth prospects as reasons for boosting its position. ConocoPhillips has seen its share price rise over 30% in the past year as global oil and natural gas prices have rebounded.

  • Mitsubishi UFJ Asset Management increased its ConocoPhillips stake during the third quarter of 2026.
  • ConocoPhillips' share price has risen over 30% in the past year.

The players

Mitsubishi UFJ Asset Management Co. Ltd.

A major Japanese asset management firm that has increased its stake in the U.S. energy producer ConocoPhillips.

ConocoPhillips

A Houston-based independent oil and gas exploration and production company that has seen its share price rise amid higher global energy prices.

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The takeaway

Mitsubishi UFJ's increased investment in ConocoPhillips reflects the Japanese firm's confidence in the U.S. energy company's financial strength and growth prospects, even as the global energy landscape continues to evolve.