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

ConocoPhillips (NYSE:COP) had its target price hoisted by Argus from $128.00 to $136.00 in a report issued on Friday morning,MarketScreener reports. Argus currently has a buy rating on the energy producer’s stock.

Several other equities analysts have also weighed in on COP. BMO Capital Markets cut 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. Zacks Research upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Jefferies Financial Group increased their price objective on shares of ConocoPhillips from $129.00 to $160.00 and gave the company a “buy” rating in a report on Monday, April 13th. Freedom Capital lowered ConocoPhillips from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Mizuho raised their price target on ConocoPhillips from $121.00 to $136.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $133.16.

ConocoPhillips Stock Up 2.8%

NYSE COP opened at $122.36 on Friday. The stock has a fifty day moving average of $123.07 and a 200-day moving average of $106.25. The stock has a market capitalization of $149.07 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.37 and a beta of 0.14. ConocoPhillips has a 52 week low of $84.28 and a 52 week high of $135.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.14 and a current ratio of 1.29.

ConocoPhillips (NYSE:COP) last released its earnings results on Thursday, April 30th. The energy producer reported $1.89 EPS for the quarter, beating the consensus estimate of $1.72 by $0.17. The company had revenue of $15.76 billion during the quarter, compared to analysts’ expectations of $15.62 billion. ConocoPhillips had a return on equity of 11.39% and a net margin of 12.10%.The business’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period last year, the firm earned $2.09 EPS. On average, equities research analysts forecast that ConocoPhillips will post 9.66 EPS for the current year.

ConocoPhillips Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, May 11th. ConocoPhillips’s dividend payout ratio (DPR) is currently 57.05%.

Insiders Place Their Bets

In other ConocoPhillips news, CEO Ryan Michael Lance sold 506,800 shares of ConocoPhillips stock in a transaction dated Friday, March 20th. The stock was sold at an average price of $127.26, for a total transaction of $64,495,368.00. Following the transaction, the chief executive officer directly owned 6,835 shares in the company, valued at approximately $869,822.10. The trade was a 98.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Timothy A. Leach sold 40,000 shares of ConocoPhillips stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $118.79, for a total value of $4,751,600.00. Following the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 734,891 shares of company stock worth $93,345,692 over the last three months. Insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new position in ConocoPhillips during the fourth quarter worth about $25,000. Cloud Capital Management LLC bought a new position in ConocoPhillips during the third quarter worth about $26,000. KERR FINANCIAL PLANNING Corp bought a new position in ConocoPhillips during the third quarter worth about $28,000. Board of the Pension Protection Fund bought a new position in ConocoPhillips during the fourth quarter worth about $28,000. Finally, Strive Asset Management LLC bought a new position in ConocoPhillips during the third quarter worth about $28,000. 82.36% of the stock is currently owned by institutional investors.

ConocoPhillips News Summary

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Argus raised its price target on ConocoPhillips to $136 from $128 and kept a Buy rating, signaling more upside potential for the shares. MarketScreener
• Positive Sentiment: Scotiabank lifted FY2026 and FY2027 earnings estimates for ConocoPhillips, reflecting improved expectations for the company’s profitability. MarketBeat report
• Positive Sentiment: Norway approved redevelopment plans for the Greater Ekofisk area, and ConocoPhillips also signed an offshore exploration memorandum of understanding in Syria, which could support future reserve and production growth. Yahoo Finance
• Positive Sentiment: Energy stocks broadly moved higher as oil prices stayed firm, which tends to improve sentiment for upstream producers like ConocoPhillips. Yahoo Finance sector update
• Neutral Sentiment: ConocoPhillips’ Q1 earnings-related coverage focused on comparing revenue, EPS, and key metrics with Wall Street estimates, with no major surprise highlighted in the summary provided. Zacks
• Neutral Sentiment: Shareholders approved board governance and auditors at the annual meeting, removing a routine governance overhang but not changing the core investment outlook. TipRanks

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.