ConocoPhillips (NYSE:COP) Price Target Raised to $120.00

ConocoPhillips (NYSE:COP) had its price target raised by The Goldman Sachs Group from $115.00 to $120.00 in a research note issued to investors on Friday,MarketScreener reports. The firm currently has a buy rating on the energy producer’s stock.

Several other equities analysts have also commented on COP. JPMorgan Chase & Co. upped their price target on ConocoPhillips from $98.00 to $103.00 and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company upped their target price on shares of ConocoPhillips from $132.00 to $133.00 and gave the company an “overweight” rating in a research report on Friday. UBS Group increased their target price on shares of ConocoPhillips from $117.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Raymond James Financial boosted their price target on shares of ConocoPhillips from $98.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. Finally, Johnson Rice cut shares of ConocoPhillips from an “accumulate” rating to a “hold” rating and lowered their price objective for the stock from $108.00 to $105.00 in a research report on Friday, December 5th. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $114.35.

ConocoPhillips Trading Up 2.6%

Shares of COP stock opened at $107.69 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35. ConocoPhillips has a twelve month low of $79.88 and a twelve month high of $108.43. The company’s 50-day moving average price is $96.50 and its 200-day moving average price is $93.71. The stock has a market cap of $133.07 billion, a price-to-earnings ratio of 16.99 and a beta of 0.32.

ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, February 5th. The energy producer reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.21). The firm had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period last year, the company earned $1.98 EPS. As a group, equities analysts predict that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, February 18th. ConocoPhillips’s dividend payout ratio (DPR) is presently 47.52%.

Insider Buying and Selling at ConocoPhillips

In other ConocoPhillips news, 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 completion of the transaction, the chief executive officer owned 325,972 shares in the company, valued at $30,152,410. The trade was a 60.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On ConocoPhillips

Institutional investors and hedge funds have recently modified their holdings of the company. Duncan Williams Asset Management LLC lifted its holdings in ConocoPhillips by 4.4% during the 4th quarter. Duncan Williams Asset Management LLC now owns 2,370 shares of the energy producer’s stock worth $222,000 after buying an additional 100 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of ConocoPhillips by 4.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,570 shares of the energy producer’s stock worth $241,000 after acquiring an additional 101 shares in the last quarter. Strategic Blueprint LLC lifted its stake in ConocoPhillips by 1.3% during the fourth quarter. Strategic Blueprint LLC now owns 8,018 shares of the energy producer’s stock worth $751,000 after purchasing an additional 101 shares during the last quarter. Chesapeake Wealth Management lifted its stake in ConocoPhillips by 1.5% during the fourth quarter. Chesapeake Wealth Management now owns 7,160 shares of the energy producer’s stock worth $670,000 after purchasing an additional 103 shares during the last quarter. Finally, Oregon Pacific Wealth Management LLC boosted its holdings in ConocoPhillips by 4.5% in the fourth quarter. Oregon Pacific Wealth Management LLC now owns 2,414 shares of the energy producer’s stock valued at $226,000 after purchasing an additional 104 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Management committed to returning 45% of operating cash flow to shareholders (boosting yield/total-return prospects), supported by strong reported cash generation. ConocoPhillips Stock Still Looks Cheap – What’s The Best Play Here?
• Positive Sentiment: Wells Fargo raised its price target to $133 and kept an overweight rating — a material upside call that can attract momentum buyers. Wells Fargo raises PT to $133
• Neutral Sentiment: CEO Ryan Lance signaled a shift toward organic growth and international expansion (less M&A focus) — a strategic pivot that could change capital allocation and growth tempo over time. Analyst: Focus on organic growth
• Neutral Sentiment: Articles flag a Venezuela monetization-first approach (collect payments/settlements before ramping drilling) — could unlock value but is execution- and timing-dependent. Venezuela strategy piece
• Negative Sentiment: Q4 results missed consensus: non‑GAAP EPS $1.02 vs. estimates (~$1.23) and revenue slightly below expectations; management cited weaker realized oil prices — the miss pressured shares and remains a near-term earnings risk. Reuters: Q4 earnings miss
• Negative Sentiment: JPMorgan’s updated target ($103, neutral) implies limited near-term upside from current levels — a restraint on bullish investor positioning. JPMorgan maintains neutral PT $103

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.