ConocoPhillips (NYSE:COP) Share Price Crosses Above 50-Day Moving Average After Analyst Downgrade

Key Points

• ConocoPhillips shares rose above their 50-day moving average of $137.10, reaching $137.94 and last trading at $137.75. Weiss Ratings upgraded its rating from B- to B.
• The company reported quarterly EPS of $3.27, beating the $3.05 consensus, while revenue of $19.43 billion topped estimates and increased 29.2% year over year.
• ConocoPhillips raised its quarterly dividend from $0.84 to $0.93 per share, equivalent to an annualized $3.72 and a 2.7% yield.

ConocoPhillips (NYSE:COP - Get Free Report) passed above its 50-day moving average during trading on Wednesday after Weiss Ratings upgraded the stock from a buy (b-) rating to a buy (b) rating. The stock has a 50-day moving average of $137.10 and traded as high as $137.94. ConocoPhillips shares last traded at $137.7510, with a volume of 4,999,944 shares trading hands.

A number of other research firms also recently weighed in on COP. Seaport Research Partners initiated coverage on ConocoPhillips in a research note on Thursday, September 3rd. They set a "neutral" rating for the company. Jefferies Financial Group lifted their price target on ConocoPhillips from $159.00 to $174.00 and gave the company a "buy" rating in a report on Tuesday, October 6th. Barclays lowered their price target on ConocoPhillips from $155.00 to $150.00 and set an "overweight" rating for the company in a research note on Monday, August 17th. Argus increased their price objective on ConocoPhillips from $136.00 to $153.00 and gave the stock a "buy" rating in a report on Wednesday, August 19th. Finally, Wall Street Zen raised shares of ConocoPhillips from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, ConocoPhillips has a consensus rating of "Moderate Buy" and an average target price of $144.69.

Insider Buying and Selling

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total transaction of $1,282,168.05. Following the transaction, the senior vice president directly owned 9,593 shares of the company's stock, valued at $1,296,493.95. This represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.09% of the stock is owned by insiders.

Key Stories Impacting ConocoPhillips

Investors following COP have been watching these stories:

• Positive Sentiment: Q3 2026 revenue and adjusted profit exceeded analyst expectations, with sales up 29.2% year over year. The results provide a solid near-term earnings backdrop. Article: COP Q3 2026 deep dive
• Neutral Sentiment: The company expects to spend modestly less on capital projects in 2027 while pursuing production growth through low-cost assets and efficiency gains. This could support cash flow, but investors will look for evidence that the plan can deliver growth despite lower spending. Article: Can ConocoPhillips Sustain Future Production Growth With Lower CapEx?
• Negative Sentiment: Freedom Broker lowered its rating from “buy” to “hold.” Although it raised its price target to $138 from $122, that target implies little upside from the cited $137.75 share price, signaling limited near-term valuation potential. Article: Freedom Broker rating information

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Advisors Asset Management Inc. acquired a new position in ConocoPhillips during the third quarter valued at approximately $3,689,000. Edmond DE Rothschild Holding S.A. lifted its stake in shares of ConocoPhillips by 1.2% in the third quarter. Edmond DE Rothschild Holding S.A. now owns 295,194 shares of the energy producer's stock worth $36,944,000 after buying an additional 3,512 shares during the last quarter. Private Wealth Asset Management LLC lifted its stake in shares of ConocoPhillips by 758.3% in the third quarter. Private Wealth Asset Management LLC now owns 7,167 shares of the energy producer's stock worth $977,000 after buying an additional 6,332 shares during the last quarter. Alteri Wealth LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter worth $239,000. Finally, USS Investment Management Ltd boosted its holdings in shares of ConocoPhillips by 4.4% during the 3rd quarter. USS Investment Management Ltd now owns 118,383 shares of the energy producer's stock worth $14,823,000 after buying an additional 4,968 shares during the period. Institutional investors and hedge funds own 82.36% of the company's stock.

ConocoPhillips Stock Up 1.6%

The business's 50 day moving average is $137.10 and its 200-day moving average is $122.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.37 and a current ratio of 1.52. The firm has a market capitalization of $162.87 billion, a price-to-earnings ratio of 14.47, a price-to-earnings-growth ratio of 1.25 and a beta of 0.16.

ConocoPhillips (NYSE:COP - Get Free Report) last announced its earnings results on Thursday, November 5th. The energy producer reported $3.27 EPS for the quarter, topping the consensus estimate of $3.05 by $0.22. The firm had revenue of $19.43 billion for the quarter, compared to the consensus estimate of $18.59 billion. ConocoPhillips had a net margin of 16.55% and a return on equity of 17.60%. The business's quarterly revenue was up 29.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 EPS. Equities analysts anticipate that ConocoPhillips will post 12.09 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 16th will be given a $0.93 dividend. This is an increase from ConocoPhillips's previous quarterly dividend of $0.84. This represents a $3.72 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, November 16th. ConocoPhillips's dividend payout ratio (DPR) is 39.08%.

About ConocoPhillips

ConocoPhillips is an independent exploration and production company focused on finding, developing and producing oil and natural gas. Its products include crude oil, natural gas, liquefied natural gas and natural gas liquids. The company operates in several regions, including North America, Europe, the Middle East, North Africa and the Asia-Pacific. Its activities span exploration, development and production, with a portfolio that includes both conventional and unconventional resources. ConocoPhillips was formed in 2002 through the merger of Conoco and Phillips Petroleum.

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