ConocoPhillips (NYSE:COP) Reaches New 1-Year High on Analyst Upgrade

Posted by Brian Himes on Oct 22nd, 2026

ConocoPhillips logo ConocoPhillips (NYSE:COP – Get Free Report) shares reached a new 52-week high on Tuesday after Susquehanna raised their price target on the stock from $161.00 to $175.00. Susquehanna currently has a positive rating on the stock. ConocoPhillips traded as high as $146.70 and last traded at $145.34, with a volume of 4,342,119 shares traded. The stock had previously closed at $146.51.

COP has been the topic of several other research reports. UBS Group raised their price objective on shares of ConocoPhillips from $153.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. Wells Fargo & Company raised their target price on ConocoPhillips from $183.00 to $189.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Zacks Research upgraded shares of ConocoPhillips from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 6th. Freedom Capital upgraded ConocoPhillips from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $157.00 price target on shares of ConocoPhillips in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $145.00.

Check Out Our Latest Stock Report on COP

Insider Buying and Selling

In other ConocoPhillips news, SVP Andrew Lundquist sold 9,487 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $135.15, for a total value of $1,282,168.05. Following the sale, the senior vice president directly owned 9,593 shares in the company, valued at approximately $1,296,493.95. This trade represents a 49.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.09% of the company’s stock.

Institutional Investors Weigh In On ConocoPhillips

Several institutional investors have recently added to or reduced their stakes in COP. Frazier Financial Advisors LLC boosted its position in shares of ConocoPhillips by 151.0% during the first quarter. Frazier Financial Advisors LLC now owns 241 shares of the energy producer’s stock worth $32,000 after buying an additional 145 shares during the period. Allied Private Wealth LLC acquired a new position in ConocoPhillips during the second quarter worth $32,000. Evergreen Advisors LLC acquired a new stake in ConocoPhillips in the first quarter valued at $36,000. Ballast Advisors LLC bought a new position in ConocoPhillips during the first quarter worth about $36,000. Finally, Avalon Trust Co bought a new position in shares of ConocoPhillips during the 1st quarter worth approximately $40,000. 82.36% of the stock is owned by institutional investors.

ConocoPhillips Stock Performance

The stock has a market capitalization of $175.12 billion, a price-to-earnings ratio of 19.28, a P/E/G ratio of 1.45 and a beta of 0.24. The company’s fifty day simple moving average is $133.34 and its 200 day simple moving average is $122.69. The company has a quick ratio of 1.39, a current ratio of 1.54 and a debt-to-equity ratio of 0.35.

ConocoPhillips (NYSE:COP – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The energy producer reported $3.24 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.34. The firm had revenue of $19.52 billion for the quarter, compared to analysts’ expectations of $18.79 billion. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The business’s revenue was up 32.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.42 EPS. On average, equities research analysts expect that ConocoPhillips will post 11.19 earnings per share for the current year.

ConocoPhillips Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were paid a $0.84 dividend. The ex-dividend date was Monday, August 17th. This represents a $3.36 annualized dividend and a yield of 2.3%. ConocoPhillips’s payout ratio is 44.44%.

About ConocoPhillips

(Get Free Report)

ConocoPhillips (NYSE:COP) is an independent exploration and production company engaged in finding, developing and producing oil, natural gas and natural gas liquids. Unlike integrated energy companies, it primarily focuses on upstream activities rather than operating large refining or retail fuel businesses.

The company’s portfolio includes conventional and unconventional oil and natural gas assets, liquefied natural gas-related interests, oil sands operations and other energy resources.