ConocoPhillips’ (COP) Neutral Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their neutral rating on shares of ConocoPhillips (NYSE:COP) in a report issued on Tuesday morning, MarketBeat reports. The brokerage currently has a $98.00 target price on the energy producer’s stock.

Other analysts have also recently issued reports about the company. Piper Sandler lowered their price objective on ConocoPhillips from $115.00 to $109.00 and set an “overweight” rating on the stock in a research report on Thursday, January 8th. BMO Capital Markets lowered their price target on shares of ConocoPhillips from $110.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, December 15th. Barclays reduced their price objective on shares of ConocoPhillips from $122.00 to $118.00 and set an “overweight” rating for the company in a report on Tuesday, October 7th. UBS Group upped their target price on shares of ConocoPhillips from $117.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, December 12th. Finally, Evercore ISI cut their price target on shares of ConocoPhillips from $115.00 to $111.00 and set an “outperform” rating for the company in a research note on Monday, October 6th. Sixteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, ConocoPhillips presently has an average rating of “Moderate Buy” and a consensus target price of $111.00.

ConocoPhillips Stock Performance

NYSE:COP opened at $96.81 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.18 and a current ratio of 1.32. The firm’s 50-day moving average is $93.26 and its 200-day moving average is $92.99. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $106.20. The company has a market cap of $119.63 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 2.87 and a beta of 0.32.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.20. The business 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% compared to the same quarter last year. During the same period last year, the business earned $1.78 earnings per share. Equities research analysts anticipate that ConocoPhillips will post 8.16 earnings per share for the current year.

ConocoPhillips Increases Dividend

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

Insider Buying and Selling

In other news, CEO Ryan Michael Lance sold 500,708 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $92.50, for a total value of $46,315,490.00. Following the transaction, the chief executive officer directly owned 325,972 shares of the company’s stock, valued at $30,152,410. The trade was a 60.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William H. Mcraven purchased 5,768 shares of the company’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 acquisition, the director directly owned 5,768 shares in the company, valued at approximately $499,970.24. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Capital International Investors increased its position in ConocoPhillips by 18.2% in the 3rd quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock valued at $4,318,239,000 after acquiring an additional 7,037,873 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of ConocoPhillips by 66.0% during the second quarter. Primecap Management Co. CA now owns 7,883,455 shares of the energy producer’s stock valued at $707,461,000 after purchasing an additional 3,135,315 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of ConocoPhillips by 31.4% during the second quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock valued at $966,267,000 after purchasing an additional 2,575,803 shares during the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of ConocoPhillips by 6,156.1% in the second quarter. Valeo Financial Advisors LLC now owns 1,508,169 shares of the energy producer’s stock valued at $135,343,000 after purchasing an additional 1,484,062 shares in the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in ConocoPhillips in the 3rd quarter worth approximately $135,265,000. 82.36% of the stock is owned by institutional investors.

Trending Headlines about 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.