Raymond James Financial Increases ConocoPhillips (NYSE:COP) Price Target to $113.00

ConocoPhillips (NYSE:COP) had its price objective raised by equities researchers at Raymond James Financial from $98.00 to $113.00 in a report released on Thursday,MarketScreener reports. The firm currently has an “outperform” rating on the energy producer’s stock. Raymond James Financial’s target price indicates a potential upside of 14.91% from the company’s previous close.

COP has been the topic of a number of other reports. Susquehanna decreased their price objective on ConocoPhillips to $113.00 and set a “positive” rating on the stock in a report on Monday, October 20th. The Goldman Sachs Group decreased their price target on shares of ConocoPhillips from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, October 17th. Wall Street Zen upgraded shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Morgan Stanley cut their price objective on shares of ConocoPhillips from $122.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Finally, Wells Fargo & Company began coverage on shares of ConocoPhillips in a research report on Friday, October 17th. They set an “equal weight” rating and a $100.00 target price on the stock. Sixteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, ConocoPhillips currently has an average rating of “Moderate Buy” and an average price target of $110.61.

ConocoPhillips Stock Up 1.5%

ConocoPhillips stock opened at $98.34 on Thursday. The company’s 50-day moving average price is $93.40 and its two-hundred day moving average price is $93.03. The company has a quick ratio of 1.18, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The stock has a market cap of $121.52 billion, a P/E ratio of 13.91, a P/E/G ratio of 2.86 and a beta of 0.32. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $106.20.

ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, November 6th. The energy producer reported $1.61 EPS for the quarter, beating the consensus estimate of $1.41 by $0.20. The company had revenue of $15.03 billion for the quarter, compared to the consensus estimate of $14.51 billion. ConocoPhillips had a return on equity of 13.64% and a net margin of 14.25%.The firm’s revenue for the quarter was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.78 earnings per share. As a group, analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

Insider Buying and Selling

In other news, Director William H. Mcraven acquired 5,768 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average cost of $86.68 per share, with a total value of $499,970.24. Following the completion of the purchase, the director directly owned 5,768 shares of the company’s stock, valued at $499,970.24. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Michael Lance sold 500,708 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the transaction, the chief executive officer owned 325,972 shares of the company’s stock, valued at approximately $30,152,410. This represents a 60.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.24% of the company’s stock.

Institutional Trading of ConocoPhillips

Several large investors have recently bought and sold shares of the business. Howard Hughes Medical Institute bought a new position in shares of ConocoPhillips in the second quarter worth about $25,000. Cloud Capital Management LLC bought a new position in ConocoPhillips in the 3rd quarter valued at approximately $26,000. Bogart Wealth LLC boosted its position in ConocoPhillips by 136.8% in the second quarter. Bogart Wealth LLC now owns 315 shares of the energy producer’s stock valued at $28,000 after buying an additional 182 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in shares of ConocoPhillips during the third quarter worth $28,000. Finally, Board of the Pension Protection Fund acquired a new position in shares of ConocoPhillips during the fourth quarter worth $28,000. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Raymond James raised its price target to $113 and kept an “outperform” rating, signaling expected upside and reinforcing buy-side sentiment. Raymond James adjusts price target on ConocoPhillips to $113
• Positive Sentiment: Goldman Sachs lifted its target to $115 and kept a “buy” rating, adding credibility to the view that COP shares have meaningful upside vs. current levels. Goldman Sachs adjusts price target on ConocoPhillips to $115
• Positive Sentiment: Another price-target bump to $116 was reported, adding to analyst-driven momentum and providing a near-term valuation anchor for investors. ConocoPhillips (NYSE:COP) Price Target Raised to $116.00
• Positive Sentiment: Company commentary at industry events emphasized continued Permian growth — management said the Permian “will keep filling the tank,” reinforcing production-growth expectations that support revenue and cash-flow forecasts. ConocoPhillips: Permian will “keep filling the tank”
• Positive Sentiment: Executives urged greater water reuse and new power lines in the Permian — operational measures that can lower costs, expand drilling efficiency and de-risk growth, which investors view favorably. ConocoPhillips leaders see more Permian gains, urge water reuse and new power lines
• Positive Sentiment: Coverage of the 2026 State of Oil & Gas in Midland highlighted industry tailwinds and operational plans that benefit major Permian operators like COP. 2026 State of Oil and Gas hosted in Midland brings insight on new year operations
• Neutral Sentiment: A Zacks piece reviews Wall Street analysts’ recommendations on COP and notes generally optimistic broker views — helpful context but not a fresh catalyst by itself. Is ConocoPhillips (COP) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: JPMorgan downgraded COP from Overweight to Neutral, which could temper upside for the stock and offset some of the bullish analyst moves. ConocoPhillips (NYSE:COP) Earns “Neutral” Rating from JPMorgan Chase & Co.

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.