The Goldman Sachs Group Increases ConocoPhillips (NYSE:COP) Price Target to $120.00

ConocoPhillips (NYSE:COP) had its price objective hoisted by equities research analysts at The Goldman Sachs Group from $115.00 to $120.00 in a note issued to investors on Friday,MarketScreener reports. The firm presently has a “buy” rating on the energy producer’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 11.43% from the stock’s current price.

A number of other brokerages have also weighed in on COP. Bank of America reaffirmed an “underperform” rating and issued a $102.00 price target on shares of ConocoPhillips in a research note on Friday, January 16th. Weiss Ratings restated a “hold (c-)” rating on shares of ConocoPhillips in a research report on Monday, December 29th. Piper Sandler increased their price target on ConocoPhillips from $108.00 to $111.00 and gave the company an “overweight” rating in a research note on Friday. Jefferies Financial Group reiterated a “buy” rating on shares of ConocoPhillips in a research report on Monday, December 15th. Finally, Mizuho upped their price objective on ConocoPhillips from $120.00 to $121.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Seventeen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $114.35.

ConocoPhillips Stock Up 2.6%

Shares of ConocoPhillips stock opened at $107.69 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.30 and a quick ratio of 1.18. ConocoPhillips has a 1-year low of $79.88 and a 1-year high of $108.43. The business’s fifty day moving average price is $96.50 and its two-hundred day moving average price is $93.72. The company has a market capitalization of $133.07 billion, a P/E ratio of 16.99 and a beta of 0.32.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results 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 business had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.35 billion. ConocoPhillips had a net margin of 12.98% and a return on equity of 11.90%. ConocoPhillips’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period last year, the business posted $1.98 earnings per share. As a group, research analysts forecast that ConocoPhillips will post 8.16 EPS for the current year.

Insider Transactions at ConocoPhillips

In other ConocoPhillips news, CEO Ryan Michael Lance sold 500,708 shares of the business’s stock in a transaction dated 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 owned 325,972 shares in the company, valued at approximately $30,152,410. The trade was a 60.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William H. Mcraven bought 5,768 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was purchased at an average price of $86.68 per share, with a total value of $499,970.24. Following the completion of the acquisition, the director owned 5,768 shares of the company’s stock, valued at approximately $499,970.24. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in COP. Heartland Bank & Trust Co grew its holdings in ConocoPhillips by 97.2% during the second quarter. Heartland Bank & Trust Co now owns 6,861 shares of the energy producer’s stock valued at $616,000 after purchasing an additional 3,381 shares during the last quarter. Tema Etfs LLC bought a new stake in shares of ConocoPhillips during the 3rd quarter worth $1,804,000. D.A. Davidson & CO. boosted its holdings in shares of ConocoPhillips by 12.1% during the 3rd quarter. D.A. Davidson & CO. now owns 140,829 shares of the energy producer’s stock worth $13,321,000 after buying an additional 15,202 shares during the period. Chilton Capital Management LLC grew its stake in ConocoPhillips by 3.2% in the 3rd quarter. Chilton Capital Management LLC now owns 389,995 shares of the energy producer’s stock valued at $36,890,000 after buying an additional 11,958 shares during the last quarter. Finally, AE Wealth Management LLC raised its holdings in ConocoPhillips by 107.5% in the 3rd quarter. AE Wealth Management LLC now owns 103,430 shares of the energy producer’s stock worth $9,783,000 after acquiring an additional 53,587 shares during the period. 82.36% of the stock is owned by hedge funds and other institutional investors.

ConocoPhillips News Roundup

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Management committed to returning 45% of operating cash flow to shareholders (boosting yield/total-return prospects), supported by strong reported cash generation. ConocoPhillips Stock Still Looks Cheap – What’s The Best Play Here?
• Positive Sentiment: Wells Fargo raised its price target to $133 and kept an overweight rating — a material upside call that can attract momentum buyers. Wells Fargo raises PT to $133
• Neutral Sentiment: CEO Ryan Lance signaled a shift toward organic growth and international expansion (less M&A focus) — a strategic pivot that could change capital allocation and growth tempo over time. Analyst: Focus on organic growth
• Neutral Sentiment: Articles flag a Venezuela monetization-first approach (collect payments/settlements before ramping drilling) — could unlock value but is execution- and timing-dependent. Venezuela strategy piece
• Negative Sentiment: Q4 results missed consensus: non‑GAAP EPS $1.02 vs. estimates (~$1.23) and revenue slightly below expectations; management cited weaker realized oil prices — the miss pressured shares and remains a near-term earnings risk. Reuters: Q4 earnings miss
• Negative Sentiment: JPMorgan’s updated target ($103, neutral) implies limited near-term upside from current levels — a restraint on bullish investor positioning. JPMorgan maintains neutral PT $103

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.