Miller Howard Investments Trims ConocoPhillips Stake

Institutional investor sells nearly 44,000 shares of energy producer in Q4

Apr. 20, 2026 at 10:24am

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A high-contrast, black-and-white close-up image of the intricate machinery and pipes of an oil refinery, conveying the scale and complexity of the energy industry without any text or branding.An institutional investor's reduced stake in an energy giant reflects broader shifts in the sector's investment landscape.Houston Today

Miller Howard Investments Inc. NY reduced its position in shares of ConocoPhillips (NYSE:COP) by 7.1% in the fourth quarter, according to a recent SEC filing. The institutional investor now owns 567,548 shares of the energy producer's stock, valued at $53.1 million.

Why it matters

This filing provides insight into the investment strategy and portfolio adjustments of Miller Howard Investments, a prominent institutional investor. Changes in major shareholders' positions can signal broader trends in the energy sector and investor sentiment around ConocoPhillips.

The details

According to the filing, Miller Howard Investments sold 43,695 shares of ConocoPhillips stock during the fourth quarter. The firm's total holdings in COP now represent 1.6% of its portfolio, making it the 21st largest position. No other details were provided about the rationale behind the stake reduction.

  • The filing covers the fourth quarter of 2025.

The players

Miller Howard Investments Inc. NY

An institutional investment firm that manages a portfolio of energy, utility, and other stocks.

ConocoPhillips

A major independent oil and gas exploration and production company headquartered in Houston, Texas.

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The takeaway

This filing highlights the ongoing portfolio adjustments of major institutional investors in the energy sector, which can provide valuable insights into broader market trends and investor sentiment around key industry players like ConocoPhillips.