ConocoPhillips (NYSE:COP) Given New $161.00 Price Target at Susquehanna

Key Points

• Susquehanna raised ConocoPhillips’ price target to $161 from $155 and maintained a positive rating, implying roughly 31% upside from the prior close. Analysts overall give the stock a “Moderate Buy” consensus, with an average target of $137.28.
• ConocoPhillips reported strong quarterly results, with EPS of $3.24 beating estimates of $2.90 and revenue of $19.52 billion rising 32.4% year over year. Management maintained its full-year guidance while increasing shareholder distributions and share repurchases.
• Key risks include a leadership transition as CFO Andy O’Brien becomes CEO on September 1, along with reported insider selling, some institutional reductions and potential political pressure over energy prices.

ConocoPhillips (NYSE:COP - Get Free Report) had its price objective hoisted by investment analysts at Susquehanna from $155.00 to $161.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "positive" rating on the energy producer's stock. Susquehanna's price objective would indicate a potential upside of 31.02% from the company's previous close.

A number of other research analysts have also recently weighed in on the company. Weiss Ratings upgraded ConocoPhillips from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday. BMO Capital Markets lowered their target price on ConocoPhillips from $140.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, May 13th. Barclays lifted their price objective on ConocoPhillips from $136.00 to $155.00 and gave the stock an "overweight" rating in a research report on Tuesday, May 26th. UBS Group reduced their price objective on shares of ConocoPhillips from $155.00 to $143.00 and set a "buy" rating on the stock in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group decreased their price objective on ConocoPhillips from $144.00 to $138.00 and set a "buy" rating on the stock in a report on Tuesday, June 30th. Eighteen research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $137.28.

ConocoPhillips Price Performance

Shares of NYSE COP opened at $122.88 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.39 and a current ratio of 1.54. ConocoPhillips has a one year low of $85.57 and a one year high of $135.87. The firm has a market capitalization of $147.62 billion, a P/E ratio of 16.25, a PEG ratio of 1.38 and a beta of 0.11. The company's fifty day moving average is $113.23 and its two-hundred day moving average is $115.92.

ConocoPhillips (NYSE:COP - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The energy producer reported $3.24 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.34. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The firm had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $18.79 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. The firm's revenue was up 32.4% on a year-over-year basis. Analysts forecast that ConocoPhillips will post 9.44 EPS for the current fiscal year.

Institutional Investors Weigh In On ConocoPhillips

Several hedge funds and other institutional investors have recently bought and sold shares of COP. Frazier Financial Advisors LLC raised its holdings in shares of ConocoPhillips by 151.0% in the 1st quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer's stock worth $32,000 after purchasing an additional 145 shares in the last quarter. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in ConocoPhillips during the fourth quarter valued at approximately $25,000. Ballast Advisors LLC bought a new stake in ConocoPhillips during the first quarter worth approximately $36,000. Evergreen Advisors LLC bought a new stake in ConocoPhillips during the first quarter worth approximately $36,000. Finally, Allied Private Wealth LLC acquired a new position in ConocoPhillips in the second quarter worth approximately $32,000. 82.36% of the stock is currently owned by institutional investors.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Strong Q2 performance supports the shares: ConocoPhillips reported $19.52 billion in second-quarter 2026 revenue, up 32.4% year over year, while adjusted earnings of $3.24 per share exceeded consensus by 10.8%. Cash from operations reached $7.2 billion, and management maintained full-year guidance. COP Q2 Deep Dive: Portfolio Shifts, Leadership Change and Global Growth Initiatives
• Positive Sentiment: Higher capital returns and oil prices add momentum: The company doubled second-quarter share repurchases and raised total shareholder distributions to $3.0 billion, while retaining its goal of returning 45% of cash from operations in 2026. Firmer crude prices have also lifted the broader energy sector. ConocoPhillips Stock Rises After Strong Q2 Results and Higher Oil Prices
• Positive Sentiment: Analyst outlook improved: Truist raised its COP price target from $115 to $130 while maintaining a Hold rating. A separate analysis upgraded its outlook following the earnings report, and commentary highlighted ConocoPhillips’ shale portfolio, asset sales and global growth initiatives as potential catalysts. Truist raises ConocoPhillips price target ConocoPhillips: A Revised Outlook Following Q2 Earnings
• Neutral Sentiment: Leadership transition creates an execution test: CFO Andy O’Brien will replace longtime CEO Ryan Lance on September 1. O’Brien inherits a $7 billion free-cash-flow target by 2029 and responsibility for completing the major Alaska oil project while controlling costs. New ConocoPhillips CEO inherits $7 billion cash flow pledge
• Negative Sentiment: Insider and institutional selling may temper enthusiasm: Reported insider activity showed 12 sales and no purchases over the past six months, while several large institutions reduced their holdings. These transactions are not necessarily company-specific signals, but they could weigh on sentiment.
• Negative Sentiment: Political pressure remains a risk: Illinois Governor JB Pritzker called for oil companies including COP to return alleged “windfall profits” to consumers, highlighting potential regulatory or political pressure if energy prices remain elevated. Pritzker demands Big Oil return windfall profits

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.

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