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

Shares of oil companies are trading higher after OPEC maintained its growth forecasts and predicted a supply shortfall. This news directly impacts the stocks of Marathon Oil Corporation (MRO), Occidental Petroleum Corporation (OXY), Transocean Ltd. (RIG), Texas Pacific Land Trust (TPL), and Exxon Mobil Corporation (XOM).

Portfolio Pulse from Benzinga Newsdesk

September 12, 2023 | 5:02 pm

A significant bullish stance has been taken on ConocoPhillips (NYSE:COP) by a large investor or institution, as indicated by unusual options trading activity. The overall sentiment of these big-money traders is split between 63% bullish and 36% bearish. The whales have been targeting a price range from $97.5 to $140.0 for ConocoPhillips over the last 3 months. The price of COP is currently up 1.65% at $123.72.

Portfolio Pulse from Benzinga Insights

September 08, 2023 | 6:15 pm

Erste Group analyst Hans Engel has upgraded ConocoPhillips (NYSE:COP) from Hold to Buy.

Portfolio Pulse from Benzinga Newsdesk

September 08, 2023 | 3:42 pm

A significant bearish stance has been taken on ConocoPhillips (NYSE:COP) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $105.0 to $130.0 for ConocoPhillips over the last 3 months. The price of COP is up 1.16% at $123.55. Analysts from Mizuho, Jefferies, and UBS have maintained their ratings on ConocoPhillips, while RBC Capital has downgraded its action to Outperform.

Portfolio Pulse from Benzinga Insights

September 05, 2023 | 7:15 pm

A significant investor has taken a bearish stance on ConocoPhillips (NYSE:COP), with 80% of recent trades being bearish. The whales have been targeting a price range from $105.0 to $125.0 for ConocoPhillips over the last 3 months. The current price of COP is $119.23, up 0.45%. RBC Capital, Truist Securities, Mizuho, Wells Fargo, and Jefferies have all provided their ratings and price targets for the company.

Portfolio Pulse from Benzinga Insights

August 31, 2023 | 7:02 pm

Direxion Energy Bull 2X Shares (ERX) closed 1.39% higher on Monday, bouncing up from the 200-day simple moving average (SMA) on Aug. 24. The energy sector has been on an upswing, with ERX offering leverage for sophisticated traders. ERX is a double-leveraged fund designed to outperform companies in the S&P Energy Select Sector Index by 200%. Exxon Mobil Corp (XOM) and Chevron Corporation (CVX) make up 42.15% of its weighted holdings. Other top names in the ETF include EOG Resources Inc (EOG), ConocoPhillips (COP), and Schlumberger NV (SLB).

Portfolio Pulse from Melanie Schaffer

August 29, 2023 | 11:48 am

On CNBC's 'Halftime Report Final Trades', analysts discussed the performance and prospects of several stocks. Autodesk (ADSK) was highlighted for its recent decent quarter and potential for growth. ConocoPhillips (COP) was named as a top player in its sector despite missing Q2 EPS consensus. Berkshire Hathaway (BRK-A, BRK-B) was noted for its 17% share growth over the past six months and consensus Buy rating. Valero Energy (VLO) was picked for its Q2 revenue beat.

Portfolio Pulse from Priya Nigam

August 28, 2023 | 12:58 pm

Jefferies analyst Lloyd Byrne maintains a Buy rating on ConocoPhillips (NYSE:COP) but lowers the price target from $143 to $141.

Portfolio Pulse from Benzinga Newsdesk

August 28, 2023 | 12:33 pm

CNBC's Halftime Report discussed final trades involving Autodesk, ConocoPhillips, Berkshire Hathaway Inc. B Shares, and Valero Energy.

Portfolio Pulse from Happy Mohamed

August 25, 2023 | 5:00 pm

Mid-cap ETFs have seen significant changes in their net assets over the past week. Winners include Invesco BuyBack Achievers ETF (PKW) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX), which added $310.20 million and $63.85 million in AUM respectively. Losers include FT Cboe Vest U.S. Equity Deep Buffer ETF - August (DAUG) and iShares Core U.S. REIT ETF (USRT), which lost $337.71 million and $107.02 million in net assets respectively.

Portfolio Pulse from Johnny Rice

August 23, 2023 | 6:06 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.