ConocoPhillipsCOP
Market Cap: $119B
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: 10,200
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
27% more repeat investments, than reductions
Existing positions increased: 974 | Existing positions reduced: 765
9% more call options, than puts
Call options by funds: $1.64B | Put options by funds: $1.5B
0% less funds holding
Funds holding: 2,276 [Q1] → 2,270 (-6) [Q2]
0.7% less ownership
Funds ownership: 82.93% [Q1] → 82.23% (-0.7%) [Q2]
4% less first-time investments, than exits
New positions opened: 164 | Existing positions closed: 170
6% less funds holding in top 10
Funds holding in top 10: 47 [Q1] → 44 (-3) [Q2]
11% less capital invested
Capital invested by funds: $124B [Q1] → $110B (-$14.1B) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Susquehanna Biju Perincheril 22% 1-year accuracy 11 / 49 met price target | 43%upside $147 | Positive Maintained | 4 Sept 2024 |
UBS Josh Silverstein 17% 1-year accuracy 6 / 35 met price target | 49%upside $153 | Buy Maintained | 20 Aug 2024 |
UBS Josh Silverstein 17% 1-year accuracy 6 / 35 met price target | 47%upside $151 | Buy Maintained | 6 Aug 2024 |
Wells Fargo Roger Read 20% 1-year accuracy 12 / 60 met price target | 46%upside $150 | Overweight Maintained | 2 Aug 2024 |
Truist Securities Neal Dingmann 27% 1-year accuracy 27 / 100 met price target | 41%upside $145 | Buy Maintained | 2 Aug 2024 |
Financial journalist opinion
Based on 14 articles about COP published over the past 30 days