ConocoPhillipsCOP
Market Cap: 129B
About: ConocoPhillips is a US-based independent exploration and production firm. In 2023, it produced 1.2 million barrels per day of oil and natural gas liquids and 3.1 billion cubic feet per day of natural gas, primarily from Alaska and the Lower 48 in the United States and Norway in Europe and several countries in Asia-Pacific and the Middle East. Proven reserves at year-end 2023 were 6.8 billion barrels of oil equivalent.
Employees: 10,000
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
30% more first-time investments, than exits
New positions opened: 198 | Existing positions closed: 152
8% more capital invested
Capital invested by funds: $112B [Q4 2023] → $122B (+$9.45B) [Q1 2024]
7% more funds holding in top 10
Funds holding in top 10: 44 [Q4 2023] → 47 (+3) [Q1 2024]
2% more funds holding
Funds holding: 2,200 [Q4 2023] → 2,246 (+46) [Q1 2024]
0% more call options, than puts
Call options by funds: $1.7B | Put options by funds: $1.7B
0.14% less ownership
Funds ownership: 81.52% [Q4 2023] → 81.38% (-0.14%) [Q1 2024]
0% less repeat investments, than reductions
Existing positions increased: 845 | Existing positions reduced: 848
Research analyst outlook
23 Wall Street Analysts provided 1 year price forecasts over the past 6 months
23 analyst ratings
Truist Securities Neal Dingmann | 33%upside $147 | Buy Maintained | 22 Jul 2024 |
Bernstein Bob Brackett | 19%upside $132 | Outperform Maintained | 17 Jul 2024 |
Scotiabank Paul Cheng | 8%upside $120 | Sector Perform Maintained | 12 Jul 2024 |
B of A Securities Kalei Akamine | 33%upside $147 | Buy Reinstated | 14 Jun 2024 |
Mizuho Nitin Kumar | 19%upside $132 | Neutral Maintained | 5 Jun 2024 |
Financial journalist opinion
Based on 30 articles about COP published over the past 30 days