ConocoPhillips (NYSE:COP) Receives “Underperform” Rating from Bank of America

Posted by Defense World Staff on Jan 17th, 2026

Bank of America restated their underperform rating on shares of ConocoPhillips (NYSE:COP – Free Report) in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a $102.00 price objective on the energy producer’s stock.

COP has been the topic of a number of other reports. Capital One Financial lowered their price objective on ConocoPhillips from $112.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 8th. Susquehanna lowered their price target on shares of ConocoPhillips to $113.00 and set a “positive” rating on the stock in a report on Monday, October 20th. Morgan Stanley reduced their price objective on shares of ConocoPhillips from $122.00 to $117.00 and set an “overweight” rating for the company in a report on Thursday, November 20th. Wall Street Zen raised shares of ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. Finally, Wolfe Research dropped their price target on shares of ConocoPhillips from $126.00 to $122.00 and set an “outperform” rating for the company in a research report on Tuesday. Seventeen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

View Our Latest Stock Analysis on COP

ConocoPhillips Stock Performance

NYSE COP opened at $98.18 on Friday. The company’s fifty day moving average is $92.65 and its two-hundred day moving average is $92.90. The firm has a market capitalization of $121.32 billion, a price-to-earnings ratio of 13.89, a P/E/G ratio of 2.71 and a beta of 0.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 1.18. ConocoPhillips has a 52-week low of $79.88 and a 52-week high of $106.20.

ConocoPhillips (NYSE:COP – Get Free Report) last released its earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.20. ConocoPhillips had a net margin of 14.25% and a return on equity of 13.64%. The business had revenue of $15.03 billion during the quarter, compared to analysts’ expectations of $14.51 billion. During the same quarter last year, the company earned $1.78 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. Equities research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were paid a dividend of $0.84 per share. This is a positive change from ConocoPhillips’s previous quarterly dividend of $0.78. This represents a $3.36 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, November 17th. ConocoPhillips’s payout ratio is currently 47.52%.

Insider Activity at ConocoPhillips

In related news, CEO Ryan Michael Lance sold 500,708 shares of the stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the sale, the chief executive officer directly owned 325,972 shares in the company, valued at $30,152,410. This represents a 60.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William H. Mcraven acquired 5,768 shares of the business’s stock in a transaction on Monday, November 10th. The stock was acquired at an average price of $86.68 per share, with a total value of $499,970.24. Following the transaction, the director owned 5,768 shares in the company, valued at approximately $499,970.24. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.24% of the company’s stock.

Institutional Trading of ConocoPhillips

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Capital International Investors grew its holdings in ConocoPhillips by 18.2% during the 3rd quarter. Capital International Investors now owns 45,645,397 shares of the energy producer’s stock worth $4,318,239,000 after acquiring an additional 7,037,873 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of ConocoPhillips by 66.0% during the second quarter. Primecap Management Co. CA now owns 7,883,455 shares of the energy producer’s stock worth $707,461,000 after purchasing an additional 3,135,315 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of ConocoPhillips by 31.4% during the second quarter. Ameriprise Financial Inc. now owns 10,778,664 shares of the energy producer’s stock valued at $966,267,000 after purchasing an additional 2,575,803 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of ConocoPhillips by 145.8% in the second quarter. Assenagon Asset Management S.A. now owns 2,933,286 shares of the energy producer’s stock valued at $263,233,000 after purchasing an additional 1,740,009 shares in the last quarter. Finally, Valeo Financial Advisors LLC raised its position in ConocoPhillips by 6,156.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,508,169 shares of the energy producer’s stock worth $135,343,000 after purchasing an additional 1,484,062 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

Positive Sentiment: Confirmed gas discovery in Australia’s Otway Basin adds to reserves and strengthens ConocoPhillips’ natural‑gas growth optionality — supports longer‑term production and value of downstream/ LNG optionality. ConocoPhillips Confirms Second Gas Discovery in Australia’s Otway Basin ConocoPhillips Australia discovers additional gas in Otway basin Charlemont Trend
Neutral Sentiment: International oil companies are lobbying for Venezuelan law changes to allow freer exports of oil they produce — could expand export volumes for majors if enacted, but outcomes and timing remain uncertain for ConocoPhillips. International oil companies push for quick reforms in Venezuela to give them control over oil exports
Neutral Sentiment: Wolfe Research trimmed its price target (126→122) but kept an outperform rating — a modest sign of caution but still indicates upside versus the current price. Wolfe adjusts price target on ConocoPhillips to $122 from $126, maintains outperform rating
Negative Sentiment: Bank of America reiterated an underperform stance (framed as a “sell equivalent”), citing relatively high oil breakevens for ConocoPhillips and preferring other names — this analyst view is pressuring sentiment. ConocoPhillips cut to sell equivalent at BofA on high oil breakeven; Ovintiv top oil pick
Negative Sentiment: JPMorgan and other outlets published lower price targets (JPMorgan to $98; reports of a $6 reduction elsewhere), and MarketWatch highlighted COP’s recent underperformance vs. peers — multiple PT cuts and comparative underperformance are amplifying downside pressure. JPMorgan Chase & Co. Lowers ConocoPhillips (NYSE:COP) Price Target to $98.00 ConocoPhillips (COP) Price Target Lowered by $6 ConocoPhillips stock underperforms Thursday when compared to competitors
Neutral Sentiment: Industry commentators continue to favor select midstream/refining/shipping names over majors in the near term, signaling rotation risk for large oil producers like COP even if fundamentals remain intact. Don’t Trade the Venezuela Headlines. Why We’re Skipping Oil Majors to Zero In on These Energy Stocks Instead.

ConocoPhillips Company Profile

(Get Free Report)

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.