ConocoPhillipsCOP
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: 11,800
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
168% more first-time investments, than exits
New positions opened: 330 | Existing positions closed: 123
71% more repeat investments, than reductions
Existing positions increased: 1,162 | Existing positions reduced: 681
16% more call options, than puts
Call options by funds: $1.68B | Put options by funds: $1.45B
12% more funds holding in top 10
Funds holding in top 10: 34 [Q3] → 38 (+4) [Q4]
7% more funds holding
Funds holding: 2,228 [Q3] → 2,387 (+159) [Q4]
0% less capital invested
Capital invested by funds: $106B [Q3] → $106B (-$187M) [Q4]
5.81% less ownership
Funds ownership: 86.41% [Q3] → 80.6% (-5.81%) [Q4]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
Morgan Stanley Devin McDermott 47% 1-year accuracy 18 / 38 met price target | 23%upside $126 | Overweight Maintained | 27 Mar 2025 |
JP Morgan Arun Jayaram 51% 1-year accuracy 21 / 41 met price target | 12%upside $115 | Overweight Maintained | 13 Mar 2025 |
UBS Josh Silverstein 59% 1-year accuracy 30 / 51 met price target | 33%upside $137 | Buy Maintained | 12 Feb 2025 |
Wells Fargo Roger Read 42% 1-year accuracy 47 / 112 met price target | 24%upside $128 | Overweight Maintained | 10 Feb 2025 |
Barclays Betty Jiang 59% 1-year accuracy 20 / 34 met price target | 31%upside $135 | Overweight Maintained | 10 Feb 2025 |
Financial journalist opinion
Based on 22 articles about COP published over the past 30 days
