ConocoPhillips (NYSE:COP) Stock Rating Upgraded by Freedom Capital

ConocoPhillips (NYSE:COP) was upgraded by equities research analysts at Freedom Capital from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other analysts have also weighed in on the company. Scotiabank raised their target price on ConocoPhillips from $100.00 to $125.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. BMO Capital Markets decreased their price objective on shares of ConocoPhillips from $140.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of ConocoPhillips from a “hold” rating to a “buy” rating in a research report on Saturday. Wells Fargo & Company boosted their target price on shares of ConocoPhillips from $183.00 to $189.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Roth Capital upgraded shares of ConocoPhillips from a “neutral” rating to a “buy” rating and upped their target price for the stock from $124.00 to $130.00 in a research report on Monday, June 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, ConocoPhillips has an average rating of “Moderate Buy” and a consensus price target of $137.28.

ConocoPhillips Stock Up 2.3%

NYSE COP opened at $125.89 on Monday. The firm has a market cap of $151.24 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.44 and a beta of 0.11. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The stock’s 50 day simple moving average is $113.41 and its 200 day simple moving average is $116.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39.

ConocoPhillips (NYSE:COP) last released its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.34. ConocoPhillips had a return on equity of 14.72% and a net margin of 14.22%.The firm had revenue of $19.52 billion during the quarter, compared to analysts’ expectations of $18.79 billion. During the same period last year, the firm posted $1.42 EPS. The business’s revenue was up 32.4% on a year-over-year basis. As a group, sell-side analysts forecast that ConocoPhillips will post 9.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in COP. Capital International Investors raised its position in shares of ConocoPhillips by 5.9% during the 4th quarter. Capital International Investors now owns 48,360,060 shares of the energy producer’s stock valued at $4,527,230,000 after acquiring an additional 2,714,663 shares during the last quarter. BlackRock Inc. grew its stake in shares of ConocoPhillips by 3.0% during the second quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer’s stock worth $9,760,436,000 after purchasing an additional 2,712,703 shares during the period. AQR Capital Management LLC grew its stake in shares of ConocoPhillips by 229.2% during the fourth quarter. AQR Capital Management LLC now owns 3,595,177 shares of the energy producer’s stock worth $336,544,000 after purchasing an additional 2,503,156 shares during the period. Janus Henderson Group PLC increased its holdings in ConocoPhillips by 207.9% in the first quarter. Janus Henderson Group PLC now owns 3,697,232 shares of the energy producer’s stock valued at $488,030,000 after purchasing an additional 2,496,606 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in ConocoPhillips by 6.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer’s stock valued at $3,880,151,000 after purchasing an additional 2,350,645 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Susquehanna raised its price target to $161 from $155 and upgraded COP to “positive,” implying significant upside from the referenced share price. The upgrade adds to a generally constructive analyst view of the stock. Benzinga analyst note
• Positive Sentiment: ConocoPhillips exceeded second-quarter expectations, reporting adjusted earnings of $3.24 per share versus the $2.90 consensus and revenue of $19.52 billion, up 32.4% year over year. Cash from operations reached $7.2 billion. COP Q2 Deep Dive
• Positive Sentiment: Capital returns increased: COP doubled second-quarter share repurchases and raised total shareholder distributions to $3 billion, while maintaining its plan to return 45% of 2026 cash from operations. Management also reaffirmed full-year guidance. ConocoPhillips stock analysis
• Positive Sentiment: Growth prospects remain supportive, including expected third-quarter production of 2.29 million–2.32 million barrels of oil equivalent per day, new LNG offtake agreements and potential benefits from portfolio changes and Alaska development.
• Neutral Sentiment: Truist raised its target to $130 from $115 but retained a “hold” rating, signaling improved valuation support without a strong conviction to buy. Truist analyst note
• Neutral Sentiment: CEO Ryan Lance will retire on September 1, with CFO Andy O’Brien succeeding him. The transition brings continuity but leaves O’Brien responsible for delivering a targeted $7 billion in free cash flow by 2029 and managing major Alaska project costs. Reuters CEO transition report
• Negative Sentiment: Insider and institutional trading data are mixed to bearish: insiders reported sales but no purchases over the past six months, while several large investors reduced their positions. These signals may temper enthusiasm despite the strong operating results.
• Negative Sentiment: Political pressure could create a risk to future cash returns. Illinois Gov. J.B. Pritzker has called on oil companies including COP to return alleged windfall profits to consumers amid geopolitical fuel-price concerns. Political pressure on oil companies

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.