Streetbeat News

COP

ConocoPhillips

https://www.conocophillips.com

Industry

Oil & Gas Exploration & Production

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG), and natural gas liquids worldwide. It primarily engages in the conventional and tight oil reservoirs, shale gas, heavy oil, LNG, oil sands, and other production operations. The company's portfolio includes unconventional plays in North America; conventional assets in North America, Europe, Asia, and Australia; various LNG developments; oil sands assets in Canada; and an inventory of conventional and unconventional exploration prospects. ConocoPhillips was founded in 1917 and is headquartered in Houston, Texas.

Open

112.68

Mkt cap

129B

Volume

4.1M

High

114.05

P/E Ratio

13.20

52-wk high

135.18

Low

111.89

Div yield

0.03

52-wk low

101.30

ConocoPhillips (NYSE:COP) has delivered an average annual return of 15.19% over the past 5 years, outperforming the market by 2.68% annually. A $100 investment in COP 5 years ago would be worth $200.24 today. The company's market capitalization stands at $154.29 billion.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 7:01 pm

Truist Securities analyst Neal Dingmann maintains a Buy rating on ConocoPhillips (COP) but lowers the price target from $173 to $170.

Portfolio Pulse from Benzinga Newsdesk

April 05, 2024 | 5:40 pm

Big money investors have shown a predominantly bearish stance on ConocoPhillips (NYSE:COP), as evidenced by recent options trading activity tracked by Benzinga. A total of 9 unusual options trades were identified, with a sentiment split of 22% bullish and 77% bearish. The trades include 5 puts and 4 calls, indicating expectations of price movements between $90.0 and $130.0. Despite this, COP's stock price is currently up 0.37% at $132.12, with some analysts maintaining positive ratings.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 2:32 pm

Crude oil prices surged in Q1 2024, with U.S. and European benchmarks reaching five-month highs due to a tighter supply/demand outlook and global geopolitical concerns. The United States Oil Fund (USO) saw an 18.1% increase, reflecting the rise in U.S. oil prices. Factors contributing to the price increase include OPEC's output curbs, robust U.S. economic data, and geopolitical tensions in Ukraine, Israel, and the Middle East. Energy analysts expect high prices to persist into Q2. Major oil and gas producers and related ETFs like XLE, XOM, COP, CVX, MPC, and VLO also reported significant gains.

Portfolio Pulse from Neil Dennis

April 03, 2024 | 5:05 pm

Energy stocks, led by the energy sector's strong performance in the S&P 500, are in the 'early innings' of a bullish trend, according to Tracey Ryniec, Value Stock Strategist at Zacks. Ryniec anticipates a shift from mega-cap tech to value stocks, including energy, driven by the price of West Texas Intermediate (WTI) crude oil stabilizing between $80 and $90 per barrel. Diamondback Energy, Inc. (FANG) and the SPDR Energy Select Sector Fund ETF (XLE) are highlighted as key assets to watch, with FANG trading at all-time highs and XLE gaining over 13% in Q1 2024.

Portfolio Pulse from Erica Kollmann

April 02, 2024 | 8:53 pm

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 6:45 pm

ConocoPhillips (NYSE:COP) has requested a U.S. court to delay its decision on awards against Venezuela until the outcome of a Citgo Petroleum parent share auction is known. The auction aims to settle $21.3 billion in claims from Venezuela's expropriations and debt defaults. ConocoPhillips' claims total over $11.5 billion. The company's shares rose 0.57% to $128.00 in premarket trading. Exposure to COP can also be gained through IEO and XLE ETFs.

Portfolio Pulse from Lekha Gupta

April 01, 2024 | 11:34 am

Morgan Stanley analyst Devin McDermott maintains an Overweight rating on ConocoPhillips (COP) and raises the price target from $123 to $129.

Portfolio Pulse from Benzinga Newsdesk

March 28, 2024 | 6:43 pm

U.S. energy stocks, as indicated by the Energy Select Sector SPDR Fund (XLE), have formed a 'golden cross,' a bullish signal. Goldman Sachs analyst Neil Mehta named ConocoPhillips (COP), Canadian Natural Resources Ltd. (CNQ), Devon Energy Corp. (DVN), Kosmos Energy Ltd. (KOS), and Magnolia Oil & Gas Corp. (MGY) as top upstream oil picks, expecting a 15% average return with Brent at $80 a barrel. Kosmos Energy has the highest potential upside of 26%.

Portfolio Pulse from Piero Cingari

March 27, 2024 | 8:43 pm

ConocoPhillips Inc. (NYSE:COP) stock has seen a 0.25% increase in the current session, trading at $126.54. Over the past month and year, the stock has risen by 12.94% and 26.37%, respectively. Its P/E ratio of 13.93 is higher than the industry average of 12.51, suggesting it might be overvalued or expected to outperform its peers in the Oil, Gas & Consumable Fuels industry.

Portfolio Pulse from Benzinga Insights

March 26, 2024 | 6:45 pm

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