ConocoPhillips (NYSE:COP) Price Target Raised to $121.00 at Sanford C. Bernstein

ConocoPhillips (NYSE:COP) had its price target increased by Sanford C. Bernstein from $98.00 to $121.00 in a report released on Monday,MarketScreener reports. They currently have an outperform rating on the energy producer’s stock.

Other research analysts have also recently issued research reports about the company. Raymond James Financial boosted their price objective on ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. UBS Group boosted their price objective on ConocoPhillips from $130.00 to $144.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Bank of America reaffirmed an “underperform” rating and set a $102.00 target price on shares of ConocoPhillips in a research report on Friday, January 16th. Wells Fargo & Company boosted their price target on ConocoPhillips from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, Capital One Financial raised their price objective on ConocoPhillips from $116.00 to $156.00 and gave the company an “equal weight” rating in a research note on Thursday, March 26th. One research 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $129.24.

ConocoPhillips Trading Up 0.7%

Shares of COP opened at $123.37 on Monday. The stock’s 50-day moving average is $118.90 and its two-hundred day moving average is $101.85. The stock has a market cap of $150.37 billion, a PE ratio of 19.46, a P/E/G ratio of 2.37 and a beta of 0.19. ConocoPhillips has a 12 month low of $84.28 and a 12 month high of $135.87. 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 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.21). The company had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.35 billion. ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.98 EPS. Equities analysts forecast that ConocoPhillips will post 8.16 earnings per share for the current fiscal year.

ConocoPhillips Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Wednesday, February 18th were issued a dividend of $0.84 per share. The ex-dividend date was Wednesday, February 18th. This represents a $3.36 annualized dividend and a yield of 2.7%. ConocoPhillips’s payout ratio is currently 53.00%.

Insider Activity at ConocoPhillips

In other ConocoPhillips news, SVP Kelly Brunetti Rose sold 7,700 shares of ConocoPhillips stock in a transaction that occurred 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 sale, the senior vice president directly owned 25,284 shares in the company, valued at $3,287,678.52. The trade was a 23.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Heather G. Hrap sold 2,654 shares of ConocoPhillips stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $317,630.72. Following the sale, the senior vice president owned 5,663 shares in the company, valued at $677,747.84. This represents a 31.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 734,891 shares of company stock worth $93,345,692 over the last ninety days. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of COP. AXA S.A. lifted its holdings in ConocoPhillips by 91.1% during the 2nd quarter. AXA S.A. now owns 84,937 shares of the energy producer’s stock worth $7,622,000 after buying an additional 40,499 shares during the last quarter. Sei Investments Co. lifted its holdings in ConocoPhillips by 6.1% during the 2nd quarter. Sei Investments Co. now owns 784,368 shares of the energy producer’s stock worth $70,397,000 after buying an additional 44,852 shares during the last quarter. BNP Paribas bought a new position in ConocoPhillips during the 2nd quarter worth approximately $33,000. Osterweis Capital Management Inc. bought a new position in ConocoPhillips during the 2nd quarter worth approximately $151,000. Finally, Main Street Financial Solutions LLC lifted its holdings in ConocoPhillips by 53.5% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,806 shares of the energy producer’s stock worth $431,000 after buying an additional 1,675 shares during the last quarter. Institutional investors own 82.36% of the company’s stock.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Geopolitical shock: reports that the U.S. ordered a blockade of the Strait of Hormuz sent oil sharply higher (media cites ~7% move), which directly boosts near‑term revenue and cashflow for producers like COP. Oil Surges on Hormuz Blockade
• Positive Sentiment: Big analyst upside: Jefferies raised its ConocoPhillips price target to $160 and kept a Buy — a material upside signal that can attract flows into COP. Jefferies Raises PT to $160
• Positive Sentiment: Asset-opportunity hunt: ConocoPhillips sent a team to Venezuela to evaluate oil and gas opportunities — potential for long‑term resource additions if deals/terms prove viable (political/operational risk remains). COP Team Heads to Venezuela
• Positive Sentiment: Sector thesis: bullish commentary (e.g., Seeking Alpha) argues a prolonged Iran‑related conflict would be a major profit catalyst for COP given higher oil prices and its upstream exposure. This is a higher‑risk, higher‑reward scenario. COP: Iran War Could Be Catalyst
• Neutral Sentiment: Value/ratings signals: Zacks ranks COP as a top value stock (style-score driven), and BarChart pieces suggest current pullbacks as a buying opportunity — these are longer‑term/quant signals rather than immediate catalysts. Zacks: COP Top-Ranked Value
• Neutral Sentiment: Goldman Sachs published an oil‑stock list for a prolonged Middle East conflict; inclusion or favor from large banks supports sector interest but is not an immediate company‑specific catalyst. Goldman Sachs Oil Picks
• Negative Sentiment: Mixed/tempered outlook from another shop: Sanford C. Bernstein raised its target from $98 to $121 but that sits slightly below recent prices — a reminder some analysts still see limited near-term upside versus the rally. Bernstein Raises PT to $121

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.