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

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 40% bullish and 60% bearish. The whales have been targeting a price range from $95.0 to $130.0 for ConocoPhillips over the last 3 months. The current price of COP is $117.57, up 0.63%. Analysts have mixed ratings on the stock, with price targets ranging from $120 to $140.

Portfolio Pulse from Benzinga Insights

July 27, 2023 | 5:32 pm

A screening of small-cap ETFs revealed the largest positive and negative returns of the week. iShares U.S. Oil & Gas Exploration & Production ETF (IEO) and United States Natural Gas Fund LP (UNG) were the winners, with returns of 5.16% and 4.86% respectively. ARK Next Generation Internet ETF (ARKW) and Invesco WilderHill Clean Energy ETF (PBW) were the losers, with returns of -5.27% and -4.71% respectively.

Portfolio Pulse from Johnny Rice

July 26, 2023 | 6:45 pm

U.S. large-cap value stocks have outperformed growth peers in July, with the Vanguard Value ETF (VTV) outperforming the Vanguard Growth ETF (VUG). Financial stocks such as JP Morgan Chase, Bank of America, Wells Fargo, and Charles Schwab have contributed significantly to this rally. Industrials and energy stocks like Caterpillar, General Electric, Chevron, and ConocoPhillips also contributed favorably. The Federal Reserve is expected to announce a rate hike, causing uncertainty. However, some value stocks like Kraft Heinz, Exxon Mobil, and Lockheed Martin have shown resilience in such scenarios.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 2:39 pm

12 analysts have provided ratings for ConocoPhillips (NYSE:COP) in the last quarter, with 3 being bullish, 7 somewhat bullish, and 2 indifferent. The average price target is $133.67, implying an upside from the current price of $115.085. The average has decreased by 3.21% from the previous target of $138.11.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 7:01 pm

Raymond James analyst John Freeman has maintained a 'Strong Buy' rating on ConocoPhillips (NYSE:COP) but lowered the price target from $142 to $138.

Portfolio Pulse from richadhand@benzinga.com

July 24, 2023 | 2:16 pm

ConocoPhillips's (NYSE:COP) short percent of float has fallen 12.2% since its last report, with 8.72 million shares sold short, which is 0.72% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, ConocoPhillips has less short interest as a percentage of float, with an average of 6.26%.

Portfolio Pulse from Benzinga Insights

July 24, 2023 | 1:00 pm

A significant bullish stance has been taken on ConocoPhillips (NYSE:COP) by a large investor or institution, as evidenced by unusual options activity. The sentiment among these big-money traders is split between 54% bullish and 45% bearish. Over the last three months, the price target for ConocoPhillips has been between $100.0 and $180.0. The company's stock price is currently up 0.67% at $109.48. Analysts have mixed views, with Wolfe Research and Citigroup maintaining a bullish stance, while Morgan Stanley and Mizuho have a more neutral outlook.

Portfolio Pulse from Benzinga Insights

July 19, 2023 | 8:46 pm

Morgan Stanley analyst Devin McDermott has reiterated an Overweight rating on ConocoPhillips (NYSE:COP) and maintained a price target of $124.

Portfolio Pulse from Benzinga Newsdesk

July 19, 2023 | 2:42 pm

Unusual options activity has been observed for ConocoPhillips (NYSE:COP), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 10 uncommon trades, split 50% bullish and 50% bearish. The total amount for puts is $104,100 and for calls is $479,775. Whales have been targeting a price range from $65.0 to $115.0 for ConocoPhillips over the last 3 months. The current price of COP is down -2.85% at $107.4. Analysts from Mizuho, Wolfe Research, and Citigroup have maintained their ratings with price targets of $127, $120, and $140 respectively.

Portfolio Pulse from Benzinga Insights

July 14, 2023 | 4:33 pm

Energy stocks are trading lower as oil prices pull back after a strong week. The stocks mentioned include APA, BANL, COP, CTRA, DVN, EOG, EQNR, HPK, KOS, NCSM, OXY, and VIST.

Portfolio Pulse from Benzinga Newsdesk

July 14, 2023 | 4:03 pm

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