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: 10,300
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
3% more repeat investments, than reductions
Existing positions increased: 877 | Existing positions reduced: 854
2% more call options, than puts
Call options by funds: $1.49B | Put options by funds: $1.46B
1.28% less ownership
Funds ownership: 83.87% [Q2] → 82.59% (-1.28%) [Q3]
5% less funds holding
Funds holding: 2,289 [Q2] → 2,184 (-105) [Q3]
10% less capital invested
Capital invested by funds: $112B [Q2] → $101B (-$10.9B) [Q3]
27% less funds holding in top 10
Funds holding in top 10: 45 [Q2] → 33 (-12) [Q3]
47% less first-time investments, than exits
New positions opened: 119 | Existing positions closed: 224
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
Mizuho Nitin Kumar 43% 1-year accuracy 23 / 54 met price target | 16%upside $132 | Neutral Maintained | 1 Nov 2024 |
Susquehanna Biju Perincheril 47% 1-year accuracy 33 / 70 met price target | 30%upside $148 | Positive Maintained | 1 Nov 2024 |
Barclays Betty Jiang 59% 1-year accuracy 13 / 22 met price target | 20%upside $137 | Overweight Maintained | 1 Nov 2024 |
Susquehanna Biju Perincheril 47% 1-year accuracy 33 / 70 met price target | 27%upside $144 | Positive Maintained | 18 Oct 2024 |
JP Morgan Arun Jayaram 56% 1-year accuracy 10 / 18 met price target | 11%upside $126 | Neutral Assumed | 11 Oct 2024 |
Financial journalist opinion
Based on 25 articles about COP published over the past 30 days
