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: 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: 976 | Existing positions reduced: 768
9% more call options, than puts
Call options by funds: $1.64B | Put options by funds: $1.5B
1% more first-time investments, than exits
New positions opened: 166 | Existing positions closed: 164
0% more funds holding
Funds holding: 2,277 [Q1] → 2,279 (+2) [Q2]
0.7% less ownership
Funds ownership: 82.94% [Q1] → 82.24% (-0.7%) [Q2]
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
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
JP Morgan Arun Jayaram 44% 1-year accuracy 11 / 25 met price target | 19%upside $126 | Neutral Assumed | 11 Oct 2024 |
Scotiabank Paul Cheng 20% 1-year accuracy 9 / 44 met price target | 8%upside $115 | Sector Perform Maintained | 10 Oct 2024 |
BMO Capital Phillip Jungwirth 6% 1-year accuracy 1 / 16 met price target | 18%upside $125 | Outperform Maintained | 4 Oct 2024 |
Barclays Betty Jiang 35% 1-year accuracy 6 / 17 met price target | 27%upside $135 | Overweight Maintained | 3 Oct 2024 |
Truist Securities Neal Dingmann 45% 1-year accuracy 61 / 137 met price target | 30%upside $138 | Buy Maintained | 30 Sept 2024 |
Financial journalist opinion
Based on 34 articles about COP published over the past 30 days