ConocoPhillips (NYSE:COP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of ConocoPhillips (NYSE:COP) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other research analysts also recently commented on COP. BMO Capital Markets reduced their target price on ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Raymond James Financial lowered their price target on ConocoPhillips from $145.00 to $142.00 and set an “outperform” rating for the company in a report on Monday, June 1st. Royal Bank Of Canada set a $130.00 price target on ConocoPhillips in a research report on Monday, June 22nd. Barclays raised their price objective on ConocoPhillips from $136.00 to $155.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Zacks Research downgraded shares of ConocoPhillips from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 27th. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, ConocoPhillips presently has a consensus rating of “Moderate Buy” and an average price target of $137.04.

ConocoPhillips Stock Performance

Shares of COP stock opened at $122.88 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The company’s 50-day simple moving average is $113.23 and its 200-day simple moving average is $115.92. The stock has a market capitalization of $147.62 billion, a price-to-earnings ratio of 16.25, a PEG ratio of 1.38 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.34. The business had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $18.79 billion. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The company’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same period last year, the firm earned $1.42 earnings per share. Equities analysts anticipate that ConocoPhillips will post 9.44 earnings per share for the current fiscal year.

ConocoPhillips Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Monday, August 17th. ConocoPhillips’s payout ratio is presently 44.44%.

Institutional Trading of ConocoPhillips

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in shares of ConocoPhillips during the fourth quarter valued at $25,000. Strive Asset Management LLC acquired a new stake in shares of ConocoPhillips in the 3rd quarter worth about $28,000. Frazier Financial Advisors LLC lifted its position in ConocoPhillips by 151.0% in the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock valued at $32,000 after purchasing an additional 145 shares during the last quarter. Allied Private Wealth LLC bought a new stake in ConocoPhillips in the 2nd quarter valued at about $32,000. Finally, BNP Paribas acquired a new position in ConocoPhillips during the 2nd quarter valued at about $33,000. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Strong Q2 performance and capital returns: ConocoPhillips reported $19.52 billion in second-quarter revenue, up 32.4% year over year, and adjusted earnings of $3.24 per share, exceeding consensus estimates. Cash from operations reached $7.2 billion, while the company doubled share repurchases and raised second-quarter shareholder distributions to $3 billion. Management maintained full-year guidance and expects third-quarter production of approximately 2.29 million to 2.32 million barrels of oil equivalent per day. ConocoPhillips Stock Rises After Strong Q2 Results and Higher Oil Prices
• Positive Sentiment: Improved outlook and portfolio initiatives: Recent analysis highlights COP’s portfolio adjustments, global growth projects, Lower 48 asset sales and expanded LNG offtake. The company has also outlined a goal of generating $7 billion in free cash flow by 2029, potentially supporting future distributions and balance-sheet flexibility. COP Q2 Deep Dive: Portfolio Shifts, Leadership Change and Global Growth Initiatives ConocoPhillips: A Revised Outlook Following Q2 Earnings
• Positive Sentiment: Higher analyst target: Truist raised its COP price target from $115 to $130 while retaining a Hold rating. The increase suggests improved valuation expectations following the earnings update, although the unchanged rating indicates limited conviction at current levels. Benzinga analyst update
• Neutral Sentiment: Leadership transition: CFO Andy O’Brien is scheduled to replace longtime CEO Ryan Lance on September 1. The change provides continuity but leaves the incoming CEO responsible for delivering the $7 billion cash-flow target, controlling costs and completing a major Alaska project. New ConocoPhillips CEO inherits $7 billion cash flow pledge
• Negative Sentiment: Insider selling and political scrutiny: QuiverQuant reported 12 insider sales and no insider purchases over the past six months. Separately, Illinois Governor JB Pritzker called for oil companies including COP to return alleged windfall profits, creating a potential regulatory and reputational overhang. ConocoPhillips insider activity and market analysis JB Pritzker demands Big Oil return windfall profits

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.