ConocoPhillips (NYSE:COP) Price Target Raised to $136.00

ConocoPhillips (NYSE:COP) had its price target lifted by Mizuho from $121.00 to $136.00 in a research note released on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the energy producer’s stock.

COP has been the topic of several other research reports. Wells Fargo & Company lifted their price objective on shares of ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Susquehanna increased their target price on shares of ConocoPhillips from $115.00 to $121.00 and gave the company a “positive” rating in a research note on Friday, February 6th. Wolfe Research raised their target price on shares of ConocoPhillips from $122.00 to $123.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Roth Mkm lowered shares of ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price target on the stock. in a research report on Tuesday, February 17th. Finally, Piper Sandler upped their price target on ConocoPhillips from $111.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, March 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, seven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $120.38.

ConocoPhillips Trading Up 1.9%

Shares of ConocoPhillips stock opened at $125.98 on Tuesday. The business has a fifty day simple moving average of $108.71 and a 200-day simple moving average of $97.64. ConocoPhillips has a fifty-two week low of $79.88 and a fifty-two week high of $126.35. The firm has a market cap of $155.67 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 3.40 and a beta of 0.27. The company has a quick ratio of 1.14, a current ratio of 1.30 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP) last released 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). ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The firm had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.35 billion. During the same period in the previous year, the firm earned $1.98 earnings per share. ConocoPhillips’s revenue was down 3.7% on a year-over-year basis. On average, equities analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

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

Insiders Place Their Bets

In related news, SVP Kelly Brunetti Rose sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $118.04, for a total value of $1,003,340.00. Following the completion of the transaction, the senior vice president owned 32,984 shares of the company’s stock, valued at approximately $3,893,431.36. This trade represents a 20.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nicholas G. Olds sold 14,522 shares of ConocoPhillips stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $119.36, for a total transaction of $1,733,345.92. Following the transaction, the executive vice president owned 12,389 shares in the company, valued at approximately $1,478,751.04. The trade was a 53.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,176 shares of company stock valued at $11,934,877 over the last 90 days. 0.24% of the stock is owned by corporate insiders.

Institutional Trading of ConocoPhillips

A number of hedge funds have recently modified their holdings of COP. Howard Hughes Medical Institute acquired a new stake in shares of ConocoPhillips during the 2nd quarter valued at about $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in ConocoPhillips in the fourth quarter worth approximately $25,000. Cloud Capital Management LLC bought a new position in ConocoPhillips during the third quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new stake in ConocoPhillips in the third quarter valued at approximately $28,000. Finally, Board of the Pension Protection Fund acquired a new stake in ConocoPhillips in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 82.36% of the company’s stock.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Strong industry tailwinds: oil prices jumped after missile attacks on Qatar energy assets, which typically lifts upstream producers’ near-term cash flows and sentiment. Oil Prices Surge After Attacks on Energy Assets in Qatar; Energy Stocks Higher in Premarket Trading
• Positive Sentiment: Strategic acreage gains: ConocoPhillips was among bidders in a record Alaska National Petroleum Reserve lease sale, signaling access to high-potential upstream inventory that can support long-term production growth. Record Arctic Alaska auction lures ExxonMobil, Shell, Repsol and ConocoPhillips
• Positive Sentiment: Record Alaska sale economic signal: Oil majors collectively bid ~$163M in the sale, underscoring strong industry appetite for U.S. exploration assets — a positive backdrop for COP’s growth outlook. Oil Giants Bid $163 Million in Trump’s Record Alaska Lease Sale
• Positive Sentiment: Analyst bullishness: Mizuho raised its COP price target to $136 and Barclays to $128, providing support for investor expectations. Mizuho Raises ConocoPhillips (NYSE:COP) Price Target to $136.00 Barclays Increases ConocoPhillips (NYSE:COP) Price Target to $128.00
• Positive Sentiment: Institutional buying: Advisory Services Network LLC disclosed an increase in COP holdings, signaling some investor confidence. Advisory Services Network LLC Grows Stock Holdings in ConocoPhillips $COP
• Positive Sentiment: Sector-level benefit: A CBS News analysis projects U.S. oil producers could see a multi‑billion dollar boost from elevated crude prices in the near term, which supports COP’s cash flow outlook. U.S. oil producers could get $63 billion boost from high crude prices
• Neutral Sentiment: Upcoming earnings: COP scheduled its Q1 earnings call for April 30 — a key event that will provide fresh guidance and could move the stock depending on production, realized prices and capex commentary. ConocoPhillips to hold first-quarter earnings conference call on Thursday April 30
• Neutral Sentiment: Asset consolidation in Australia: ConocoPhillips’ Australian unit issued a buyout notice to acquire 3D Energi’s VIC/P79 stake in the Otway Basin — a tactical move that may simplify operations but has uncertain near-term value impact. 3D Energi says ConocoPhillips’ Australian unit seeks buy its stake in Otway Basin
• Negative Sentiment: Insider selling: A ConocoPhillips senior VP sold roughly $4.13M in stock, which can be perceived negatively by some investors even if part of routine diversification. ConocoPhillips (NYSE:COP) SVP Sells $4,128,960.00 in Stock

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.