ConocoPhillips (NYSE:COP) Price Target Raised to $116.00

ConocoPhillips (NYSE:COP) had its price target boosted by Capital One Financial from $111.00 to $116.00 in a research report released on Tuesday morning,MarketScreener reports. Capital One Financial currently has an equal weight rating on the energy producer’s stock.

Several other brokerages also recently commented on COP. Royal Bank Of Canada lifted their target price on shares of ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Jefferies Financial Group restated a “buy” rating on shares of ConocoPhillips in a report on Monday, December 15th. UBS Group increased their target price on ConocoPhillips from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. The Goldman Sachs Group reduced their price target on ConocoPhillips from $111.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, October 17th. Finally, Roth Mkm lowered their price objective on ConocoPhillips from $108.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, October 15th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $111.00.

ConocoPhillips Stock Down 0.3%

COP stock opened at $96.81 on Tuesday. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $106.20. The business’s 50 day simple moving average is $93.26 and its 200 day simple moving average is $92.99. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $119.63 billion, a PE ratio of 13.69, a PEG ratio of 2.87 and a beta of 0.32.

ConocoPhillips (NYSE:COP) last released its quarterly earnings data on Thursday, November 6th. The energy producer reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.20. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The firm had revenue of $15.03 billion during the quarter, compared to analysts’ expectations of $14.51 billion. During the same period in the previous year, the business posted $1.78 earnings per share. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. As a group, research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were issued a $0.84 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $3.36 annualized dividend and a yield of 3.5%. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.78. ConocoPhillips’s payout ratio is presently 47.52%.

Insider Buying and Selling at ConocoPhillips

In other news, CEO Ryan Michael Lance sold 500,708 shares of the stock in a transaction on Friday, December 19th. The stock was sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the sale, the chief executive officer directly owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. This represents a 60.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William H. Mcraven purchased 5,768 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was bought at an average cost of $86.68 per share, with a total value of $499,970.24. Following the purchase, the director owned 5,768 shares of the company’s stock, valued at $499,970.24. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.24% of the company’s stock.

Institutional Trading of ConocoPhillips

A number of institutional investors and hedge funds have recently made changes to their positions in COP. Heartland Bank & Trust Co increased its stake in shares of ConocoPhillips by 97.2% in the second quarter. Heartland Bank & Trust Co now owns 6,861 shares of the energy producer’s stock worth $616,000 after buying an additional 3,381 shares during the period. Tema Etfs LLC purchased a new stake in ConocoPhillips during the 3rd quarter valued at $1,804,000. D.A. Davidson & CO. grew its holdings in ConocoPhillips by 12.1% in the 3rd quarter. D.A. Davidson & CO. now owns 140,829 shares of the energy producer’s stock worth $13,321,000 after acquiring an additional 15,202 shares during the last quarter. StoneX Group Inc. increased its position in shares of ConocoPhillips by 510.5% in the second quarter. StoneX Group Inc. now owns 29,285 shares of the energy producer’s stock valued at $2,628,000 after acquiring an additional 24,488 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its stake in shares of ConocoPhillips by 17.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 154,360 shares of the energy producer’s stock valued at $13,927,000 after acquiring an additional 22,827 shares during the last quarter. 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: Goldman Sachs raised its price target on ConocoPhillips to $115 from $108 and kept a Buy rating — the new target implies solid upside and supports further investor interest. Read More., Read More.
• Positive Sentiment: Raymond James boosted its COP target to $113 (from $98) and reiterated an Outperform rating — another vote of confidence that adds upward pressure to valuations. Read More.
• Positive Sentiment: Capital One raised its price target to $116 (from $111) while maintaining an Equal Weight rating — price-target increases from multiple firms can lift sentiment even if the underlying conviction differs. Read More.
• Positive Sentiment: Western Midstream announced new deals involving Occidental and ConocoPhillips — incremental midstream contracts can improve logistics and take-away capacity, which is constructive for production realization and margins. Read More.
• Neutral Sentiment: Coverage in outlets highlighting Alaska activity (e.g., an article on development near an Iñupiaq village) provides regional context on long-term Alaska upside, but it’s more thematic than immediately market-moving for COP. Read More.
• Negative Sentiment: JPMorgan downgraded ConocoPhillips from Overweight to Neutral (reported across outlets) — a high-profile downgrade can weigh on near-term sentiment and limit upside from bullish price-target revisions. Read More., Read More.

About ConocoPhillips

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.