ConocoPhillips (NYSE:COP) Given New $136.00 Price Target at Argus

ConocoPhillips (NYSE:COP) had its price target increased by equities researchers at Argus from $128.00 to $136.00 in a note issued to investors on Friday,MarketScreener reports. The firm presently has a “buy” rating on the energy producer’s stock. Argus’ target price would suggest a potential upside of 11.73% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Wolfe Research increased their target price on ConocoPhillips from $138.00 to $144.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Jefferies Financial Group boosted their price target on shares of ConocoPhillips from $129.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Truist Financial set a $128.00 price target on shares of ConocoPhillips in a research report on Friday, May 1st. Capital One Financial raised their price objective on shares of ConocoPhillips from $116.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, March 26th. Finally, Barclays lifted their price objective on shares of ConocoPhillips from $128.00 to $136.00 and gave the company an “overweight” rating in a report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $133.16.

ConocoPhillips Stock Performance

NYSE:COP opened at $121.73 on Friday. ConocoPhillips has a fifty-two week low of $84.28 and a fifty-two week high of $135.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29. The company has a 50 day moving average price of $122.93 and a 200 day moving average price of $106.13. The stock has a market capitalization of $148.30 billion, a P/E ratio of 20.51, a PEG ratio of 1.36 and a beta of 0.14.

ConocoPhillips (NYSE:COP) last announced its earnings results on Thursday, April 30th. The energy producer reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.17. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The company had revenue of $15.76 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the previous year, the company earned $2.09 earnings per share. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. Equities research analysts forecast that ConocoPhillips will post 9.62 EPS for the current year.

Insider Buying and Selling at ConocoPhillips

In other news, CEO Ryan Michael Lance sold 506,800 shares of ConocoPhillips stock in a transaction on Friday, March 20th. The shares were sold at an average price of $127.26, for a total value of $64,495,368.00. Following the transaction, the chief executive officer directly owned 6,835 shares of the company’s stock, valued at $869,822.10. The trade was a 98.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Kelly Brunetti Rose sold 8,500 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $118.04, for a total transaction of $1,003,340.00. Following the completion of the sale, the senior vice president owned 32,984 shares of the company’s stock, valued at approximately $3,893,431.36. This trade represents a 20.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 734,891 shares of company stock valued at $93,345,692. 0.09% of the stock is currently owned by company insiders.

Institutional Trading of ConocoPhillips

Hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in ConocoPhillips by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 120,251,183 shares of the energy producer’s stock worth $11,256,713,000 after purchasing an additional 408,304 shares during the period. Capital International Investors lifted its holdings in shares of ConocoPhillips by 5.9% in the 4th quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock valued at $4,527,230,000 after buying an additional 2,714,663 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of ConocoPhillips by 6.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock valued at $3,880,151,000 after buying an additional 2,350,645 shares in the last quarter. Franklin Resources Inc. grew its holdings in ConocoPhillips by 4.5% during the fourth quarter. Franklin Resources Inc. now owns 15,038,675 shares of the energy producer’s stock worth $1,407,770,000 after acquiring an additional 648,432 shares during the period. Finally, Fisher Asset Management LLC raised its position in ConocoPhillips by 1.3% in the fourth quarter. Fisher Asset Management LLC now owns 14,847,367 shares of the energy producer’s stock worth $1,389,862,000 after acquiring an additional 193,401 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Scotiabank lifted its FY2026 EPS estimate for ConocoPhillips to $9.65 from $9.35 and raised its FY2027 estimate to $8.25 from $7.85, suggesting improved earnings expectations. Scotiabank estimate update
• Positive Sentiment: BMO Capital Markets maintained an “outperform” rating on COP, reinforcing the view that analysts still see upside despite trimming their price target to $135 from $140. BMO target update
• Neutral Sentiment: Coverage notes around COP’s Q1 results, valuation versus Cactus (WHD), and a bullish Seeking Alpha analysis are likely supporting general investor interest, but they do not introduce new company-specific catalysts.
• Neutral Sentiment: Stockholders backed the board, governance, and auditors at the annual meeting, which removes a potential governance overhang but is not a major operating catalyst.
• Neutral Sentiment: News that ConocoPhillips may participate in offshore exploration opportunities with TotalEnergies and QatarEnergy, including Syria-related offshore gas block review, adds longer-term optionality but is still early-stage and uncertain.
• Negative Sentiment: BMO’s price-target cut from $140 to $135 suggests analysts are a bit less optimistic on near-term upside than before, even though the rating stayed positive.

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.