ConocoPhillips (NYSE:COP) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of ConocoPhillips (NYSE:COP) from a hold rating to a buy rating in a research note released on Saturday morning.

Other analysts also recently issued research reports about the company. Truist Financial lowered their price objective on ConocoPhillips from $128.00 to $115.00 and set a “hold” rating for the company in a research report on Wednesday, July 8th. Roth Capital upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and upped their price target for the company from $124.00 to $130.00 in a report on Monday, June 22nd. Argus increased their price target on shares of ConocoPhillips from $128.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings raised shares of ConocoPhillips from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, Royal Bank Of Canada set a $130.00 target price on shares of ConocoPhillips in a report on Monday, June 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $136.44.

ConocoPhillips Stock Up 0.6%

COP opened at $117.48 on Friday. ConocoPhillips has a 12 month low of $85.57 and a 12 month high of $135.87. The company has a current ratio of 1.54, a quick ratio of 1.14 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $113.08 and its 200-day moving average price is $115.61. The company has a market cap of $143.13 billion, a P/E ratio of 15.54, a P/E/G ratio of 1.38 and a beta of 0.11.

ConocoPhillips (NYSE:COP) last issued its earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The company had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $18.79 billion. During the same period in the prior year, the business posted $1.42 EPS. ConocoPhillips’s quarterly revenue was up 32.4% compared to the same quarter last year. On average, equities analysts expect that ConocoPhillips will post 9.44 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 17th will be given a dividend of $0.84 per share. The ex-dividend date is Monday, August 17th. This represents a $3.36 annualized dividend and a dividend yield of 2.9%. ConocoPhillips’s payout ratio is currently 57.05%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Patten Group Inc. grew its stake in ConocoPhillips by 1.5% in the first quarter. Patten Group Inc. now owns 5,447 shares of the energy producer’s stock worth $719,000 after purchasing an additional 83 shares during the period. IFC Advisors LLC lifted its position in ConocoPhillips by 0.4% during the first quarter. IFC Advisors LLC now owns 20,182 shares of the energy producer’s stock valued at $2,664,000 after buying an additional 84 shares during the period. Cornerstone Planning Group LLC lifted its position in ConocoPhillips by 9.6% during the first quarter. Cornerstone Planning Group LLC now owns 1,006 shares of the energy producer’s stock valued at $124,000 after buying an additional 88 shares during the period. Blue Trust Inc. boosted its holdings in shares of ConocoPhillips by 0.4% during the 1st quarter. Blue Trust Inc. now owns 21,144 shares of the energy producer’s stock valued at $2,791,000 after buying an additional 92 shares in the last quarter. Finally, Sigma Planning Corp boosted its holdings in shares of ConocoPhillips by 0.6% during the 1st quarter. Sigma Planning Corp now owns 16,062 shares of the energy producer’s stock valued at $2,120,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Q2 results exceeded expectations: ConocoPhillips reported adjusted earnings of $3.24 per share versus the roughly $2.90–$2.96 consensus, while revenue reached $19.52 billion, ahead of the $18.79 billion estimate. Earnings more than doubled year over year, supported by a 36% increase in realized prices to $62.33 per barrel of oil equivalent. ConocoPhillips Q2 earnings report
• Positive Sentiment: Cash flow and shareholder returns remained strong: The company generated approximately $7.4 billion in operating cash flow, repurchased $2 billion of stock and paid $1 billion in ordinary dividends. COP also declared another $0.84-per-share quarterly dividend, payable September 1 to shareholders of record August 17. ConocoPhillips second-quarter results and dividend
• Positive Sentiment: Long-term free-cash-flow outlook was reaffirmed: Management continues to target a $7 billion free-cash-flow inflection by 2029, helped by lower capital spending, major projects and improved Permian efficiency. Record Permian output and doubled share repurchases further supported the investment case. COP earnings call free-cash-flow outlook
• Positive Sentiment: Analyst sentiment improved: Goldman Sachs maintained a Buy rating and raised its price target to $140 following the earnings beat. Goldman Sachs raises COP price target
• Neutral Sentiment: Leadership transition appears orderly: CFO Andy O’Brien will become president and CEO on September 1, while Ryan Lance moves to transitional executive chair. The internal succession limits disruption but places execution expectations on the incoming chief executive. ConocoPhillips leadership succession announcement
• Negative Sentiment: Production declined year over year: Second-quarter production was 2.248 million barrels of oil equivalent per day, down from the prior year, although management expects third-quarter production to rise to 2.29–2.32 million barrels per day. ConocoPhillips Q2 2026 production and earnings data

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.