ConocoPhillips (NYSE:COP) Price Target Raised to $160.00 at Jefferies Financial Group

ConocoPhillips (NYSE:COP) had its price objective hoisted by Jefferies Financial Group from $129.00 to $160.00 in a research report released on Monday morning,MarketScreener reports. The firm currently has a buy rating on the energy producer’s stock.

COP has been the topic of a number of other research reports. Roth Mkm downgraded ConocoPhillips from a “buy” rating to a “neutral” rating and set a $112.00 price objective on the stock. in a report on Tuesday, February 17th. BMO Capital Markets increased their price objective on ConocoPhillips from $130.00 to $140.00 and gave the company an “outperform” rating in a report on Tuesday, April 7th. UBS Group increased their price objective on ConocoPhillips from $130.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Piper Sandler increased their price objective on ConocoPhillips from $154.00 to $157.00 and gave the company an “overweight” rating in a report on Wednesday, April 8th. Finally, Wells Fargo & Company increased their price objective on ConocoPhillips from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given 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 currently has an average rating of “Moderate Buy” and a consensus price target of $129.24.

ConocoPhillips Trading Up 0.7%

COP opened at $123.37 on Monday. ConocoPhillips has a one year low of $84.28 and a one year high of $135.87. The company has a market cap of $150.37 billion, a P/E ratio of 19.46, a PEG ratio of 2.37 and a beta of 0.19. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.14 and a current ratio of 1.30. The business’s 50-day simple moving average is $118.90 and its 200-day simple moving average is $101.85.

ConocoPhillips (NYSE:COP) last released 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). ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. The business had revenue of $13.86 billion during the quarter, compared to analysts’ expectations of $14.35 billion. During the same quarter in the previous year, the company posted $1.98 EPS. The company’s revenue was down 3.7% compared to the same quarter last year. As a group, equities research analysts expect that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Wednesday, February 18th were given a $0.84 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 2.7%. ConocoPhillips’s dividend payout ratio is 53.00%.

Insider Transactions at ConocoPhillips

In related news, SVP Andrew D. Lundquist sold 34,500 shares of the company’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $119.68, for a total value of $4,128,960.00. Following the completion of the sale, the senior vice president directly owned 17,469 shares of the company’s stock, valued at $2,090,689.92. This represents a 66.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kelly Brunetti Rose sold 7,700 shares of the company’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of $130.03, for a total value of $1,001,231.00. Following the completion of the sale, the senior vice president directly owned 25,284 shares of the company’s stock, valued at approximately $3,287,678.52. This trade represents a 23.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 734,891 shares of company stock worth $93,345,692. Insiders own 0.09% of the company’s stock.

Institutional Trading of ConocoPhillips

A number of large investors have recently made changes to their positions in the company. Nicolet Advisory Services LLC lifted its position in ConocoPhillips by 0.9% during the 4th quarter. Nicolet Advisory Services LLC now owns 10,352 shares of the energy producer’s stock worth $989,000 after acquiring an additional 95 shares during the period. Duncan Williams Asset Management LLC lifted its position in ConocoPhillips by 4.4% during the 4th quarter. Duncan Williams Asset Management LLC now owns 2,370 shares of the energy producer’s stock worth $222,000 after acquiring an additional 100 shares during the period. Wedge Capital Management L L P NC lifted its position in ConocoPhillips by 4.1% during the 4th quarter. Wedge Capital Management L L P NC now owns 2,570 shares of the energy producer’s stock worth $241,000 after acquiring an additional 101 shares during the period. Strategic Blueprint LLC lifted its position in ConocoPhillips by 1.3% during the 4th quarter. Strategic Blueprint LLC now owns 8,018 shares of the energy producer’s stock worth $751,000 after acquiring an additional 101 shares during the period. Finally, Chesapeake Wealth Management lifted its position in ConocoPhillips by 1.5% during the 4th quarter. Chesapeake Wealth Management now owns 7,160 shares of the energy producer’s stock worth $670,000 after acquiring an additional 103 shares during the period. 82.36% of the stock is owned by institutional investors and hedge funds.

ConocoPhillips News Summary

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

ConocoPhillips Company Profile

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.