ConocoPhillips (NYSE:COP) Hits New 52-Week High After Analyst Upgrade

ConocoPhillips (NYSE:COP)’s share price hit a new 52-week high on Tuesday after Barclays raised their price target on the stock from $118.00 to $128.00. Barclays currently has an overweight rating on the stock. ConocoPhillips traded as high as $123.22 and last traded at $123.4760, with a volume of 1340416 shares changing hands. The stock had previously closed at $121.32.

A number of other analysts have also recently weighed in on COP. Zacks Research cut shares of ConocoPhillips from a “hold” rating to a “strong sell” rating in a research note on Friday, February 27th. Capital One Financial raised their price target on shares of ConocoPhillips from $111.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 20th. Citigroup upped their price objective on ConocoPhillips from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Wells Fargo & Company increased their target price on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Finally, Wolfe Research raised their target price on ConocoPhillips from $122.00 to $123.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and a consensus price target of $119.75.

Insider Activity

In other news, Director Timothy A. Leach sold 40,000 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $118.79, for a total transaction of $4,751,600.00. Following the sale, the director owned 411,211 shares in the company, valued at approximately $48,847,754.69. This represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Heather G. Hrap sold 2,654 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $119.68, for a total transaction of $317,630.72. Following the sale, the senior vice president directly owned 5,663 shares in the company, valued at approximately $677,747.84. This represents a 31.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 600,884 shares of company stock valued at $58,250,367. Corporate insiders own 0.24% of the company’s stock.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Barclays raised its price target to $128 and kept an “overweight” stance, providing explicit analyst support and near‑term upside for the stock. Barclays Raises PT
• Positive Sentiment: Piper Sandler and other shops have pushed targets higher (one cited jump to $154), which can attract buying from institutional investors and boost sentiment. Price Target Increases
• Positive Sentiment: Geopolitical risk is supporting oil prices: doubts about an international plan to secure the Strait of Hormuz pushed oil higher, which generally benefits upstream producers like ConocoPhillips. Oil Prices Jump
• Neutral Sentiment: Bank of America raised its target to $120 but kept an Underperform rating — a mixed signal that lifts the target but keeps guarded language about risk. BofA Update
• Neutral Sentiment: Analyst consensus remains about a “Moderate Buy” with a mean target near current levels, so upgrades are incremental rather than game‑changing. Analyst Consensus
• Negative Sentiment: Multiple senior executives disclosed sizable share sales this week (EVP Nicholas Olds sold ~14,522 shares; SVP Andrew Lundquist sold 34,500 shares; SVP Heather Hrap sold 2,654 shares). The clustered insider selling (large percentage reductions in holdings) can create short‑term selling pressure and raise questions for some investors. Olds SEC Filing Lundquist SEC Filing Hrap SEC Filing

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of COP. Nicolet Advisory Services LLC boosted its stake in ConocoPhillips by 0.9% in the fourth quarter. Nicolet Advisory Services LLC now owns 10,352 shares of the energy producer’s stock valued at $989,000 after acquiring an additional 95 shares during the last quarter. Duncan Williams Asset Management LLC lifted its stake in shares of ConocoPhillips by 4.4% in the 4th quarter. Duncan Williams Asset Management LLC now owns 2,370 shares of the energy producer’s stock valued at $222,000 after purchasing an additional 100 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of ConocoPhillips by 4.1% in 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 purchasing an additional 101 shares during the last quarter. Strategic Blueprint LLC grew its stake in shares of 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 period. Finally, Chesapeake Wealth Management grew its stake in shares of 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 period. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips Stock Up 1.5%

The business has a fifty day moving average of $107.06 and a 200 day moving average of $97.09. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35. The firm has a market cap of $152.11 billion, a P/E ratio of 19.46, a P/E/G ratio of 2.89 and a beta of 0.27.

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

ConocoPhillips Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th were issued a $0.84 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 annualized dividend and a dividend yield of 2.7%. ConocoPhillips’s payout ratio is 53.00%.

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.