ConocoPhillips (NYSE:COP) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded ConocoPhillips from “hold” to “buy.” Overall analyst sentiment is “Moderate Buy,” with 18 Buy, 9 Hold and 1 Sell rating and an average price target of $136.44.
• ConocoPhillips exceeded quarterly expectations, reporting $3.24 in EPS versus the $2.90 consensus and $19.52 billion in revenue versus $18.79 billion expected; revenue increased 32.4% year over year.
• Institutional investors remain heavily invested, owning 82.36% of the company, while the stock was trading at $117.48 and hedge funds including BlackRock, Capital International Investors and Charles Schwab increased their positions.

ConocoPhillips (NYSE:COP - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday.

COP has been the subject of several other research reports. Freedom Capital downgraded shares of ConocoPhillips from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 6th. Raymond James Financial cut their target price on ConocoPhillips from $145.00 to $142.00 and set an "outperform" rating on the stock in a research report on Monday, June 1st. Truist Financial decreased their price target on ConocoPhillips from $128.00 to $115.00 and set a "hold" rating on the stock in a report on Wednesday, July 8th. Sanford C. Bernstein lifted their price objective on shares of ConocoPhillips from $98.00 to $121.00 and gave the stock an "outperform" rating in a research note on Monday, April 13th. Finally, Argus boosted their price objective 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. Eighteen research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, ConocoPhillips presently has a consensus rating of "Moderate Buy" and an average price target of $136.44.

ConocoPhillips Price Performance

NYSE COP opened at $117.48 on Friday. The company has a 50-day moving average price of $113.08 and a 200-day moving average price of $115.61. ConocoPhillips has a 52 week low of $85.57 and a 52 week high of $135.87. The company has a quick ratio of 1.14, a current ratio of 1.54 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $143.13 billion, a P/E ratio of 15.54, a PEG ratio of 1.37 and a beta of 0.11.

ConocoPhillips (NYSE:COP - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $18.79 billion. During the same period in the previous year, the firm earned $1.42 EPS. The business's quarterly revenue was up 32.4% on a year-over-year basis. Equities research analysts anticipate that ConocoPhillips will post 9.49 earnings per share for the current year.

Hedge Funds Weigh In On ConocoPhillips

Several institutional investors and hedge funds have recently added to or reduced their stakes in COP. Vanguard Group Inc. raised its position in shares of ConocoPhillips by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 120,251,183 shares of the energy producer's stock valued at $11,256,713,000 after purchasing an additional 408,304 shares during the last quarter. BlackRock Inc. increased its stake in ConocoPhillips by 3.0% during the 2nd quarter. BlackRock Inc. now owns 93,886,457 shares of the energy producer's stock valued at $9,760,436,000 after purchasing an additional 2,712,703 shares in the last quarter. Capital International Investors raised its holdings in shares of ConocoPhillips by 5.9% in the fourth quarter. Capital International Investors now owns 48,360,060 shares of the energy producer's stock worth $4,527,230,000 after buying an additional 2,714,663 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of ConocoPhillips by 6.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 41,450,162 shares of the energy producer's stock worth $3,880,151,000 after buying an additional 2,350,645 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of ConocoPhillips by 4.5% during the fourth quarter. Franklin Resources Inc. now owns 15,038,675 shares of the energy producer's stock worth $1,407,770,000 after buying an additional 648,432 shares during the period. Hedge funds and other institutional investors own 82.36% of the company's stock.

Key Headlines Impacting ConocoPhillips

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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