Royal Bank Of Canada Raises ConocoPhillips (NYSE:COP) Price Target to $152.00

ConocoPhillips (NYSE:COP) had its target price raised by equities research analysts at Royal Bank Of Canada from $118.00 to $152.00 in a research report issued to clients and investors on Wednesday,MarketScreener reports. The firm presently has an “outperform” rating on the energy producer’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 23.14% from the stock’s previous close.

A number of other brokerages have also issued reports on COP. Barclays increased their price objective on ConocoPhillips from $118.00 to $128.00 and gave the stock an “overweight” rating in a report on Monday, March 16th. Wall Street Zen raised ConocoPhillips from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Wells Fargo & Company increased their price objective on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Piper Sandler increased their price objective on ConocoPhillips from $111.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, March 12th. Finally, Susquehanna upped their target price on ConocoPhillips from $115.00 to $121.00 and gave the stock a “positive” rating in a research report on Friday, February 6th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $127.08.

ConocoPhillips Stock Performance

Shares of COP stock opened at $123.44 on Wednesday. ConocoPhillips has a 12-month low of $80.80 and a 12-month high of $135.87. The firm has a market capitalization of $150.45 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 2.47 and a beta of 0.19. The business has a 50 day simple moving average of $118.11 and a 200 day simple moving average of $101.35. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.30 and a quick ratio of 1.14.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.21). ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The business had revenue of $13.86 billion during the quarter, compared to the consensus estimate of $14.35 billion. During the same period last year, the company earned $1.98 earnings per share. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts anticipate that ConocoPhillips will post 8.16 EPS for the current year.

Insider Transactions at ConocoPhillips

In other news, SVP Kelly Brunetti Rose sold 7,700 shares of the stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of $130.03, for a total transaction of $1,001,231.00. Following the completion of the sale, the senior vice president owned 25,284 shares in the company, valued at approximately $3,287,678.52. This represents a 23.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Andrew D. Lundquist sold 34,500 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $119.68, for a total value of $4,128,960.00. Following the sale, the senior vice president owned 17,469 shares of the company’s stock, valued at $2,090,689.92. This trade represents a 66.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 734,891 shares of company stock valued at $93,345,692 over the last three months. 0.24% of the stock is owned by company insiders.

Institutional Investors Weigh In On ConocoPhillips

A number of institutional investors and hedge funds have recently modified their holdings of the stock. McAlvany Wealth Management LLC acquired a new stake in shares of ConocoPhillips during the 4th quarter valued at $2,802,000. World Investment Advisors lifted its position in shares of ConocoPhillips by 3.9% during the 4th quarter. World Investment Advisors now owns 75,617 shares of the energy producer’s stock valued at $7,078,000 after acquiring an additional 2,821 shares during the last quarter. Larry Mathis Financial Planning LLC acquired a new stake in shares of ConocoPhillips during the 4th quarter valued at $470,000. Union Savings Bank acquired a new stake in shares of ConocoPhillips during the 4th quarter valued at $148,000. Finally, Hsbc Holdings PLC lifted its position in shares of ConocoPhillips by 7.4% during the 4th quarter. Hsbc Holdings PLC now owns 2,992,999 shares of the energy producer’s stock valued at $280,192,000 after acquiring an additional 207,459 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Analyst upgrades and higher targets — Royal Bank of Canada and Piper Sandler raised price targets and kept bullish ratings, signaling analyst confidence in COP’s outlook and implying meaningful upside from current levels. RBC raises price target Piper Sandler raises price target
• Positive Sentiment: Bullish brokerage research — BMO Capital Markets and Wolfe Research published forecasts calling for strong price appreciation, supporting the case that COP’s cash flows and capital returns could drive further gains. BMO forecast Wolfe Research forecast
• Positive Sentiment: Favorable fundamentals if oil stays high — analysis notes COP’s low-cost asset base, Marathon Oil integration and leverage to near-$100 oil should boost margins and cash flow if commodity prices remain elevated. Zacks analysis
• Neutral Sentiment: Exploration opportunity in Venezuela — COP is sending a small evaluation team to Venezuela to assess oil and gas opportunities; this could add long‑term resource upside but carries political, execution and timing uncertainty. Reuters: Venezuela visit
• Negative Sentiment: Oil-price shock from ceasefire news — a U.S.-Iran ceasefire led crude to slip below $100, triggering broad selloffs in major oil producers (XOM, CVX, COP) and pressuring COP’s near-term revenue outlook. TipRanks: crude drop
• Negative Sentiment: Earnings and near-term profit risk — analysts expect a double‑digit decline in Q1 profit and COP missed estimates in its last reported quarter, which can sustain downward pressure until results and guidance arrive. Barchart: Q1 expectations
• Negative Sentiment: Recent volatility and short-term selling — several market reports flagged abrupt intraday and premarket declines tied to the commodity move and sector rotation, contributing to the stock’s pullback. Yahoo Finance: recent selloff

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.