ConocoPhillips (COP)

• Market cap: $137B
• 1 day: 0.23%
• 5 days: 3.75%
• 1 month: 7.72%
• 3 months: -0.28%
• 6 months: -8.81%
• Year to date: 5.77%
• 1 year: -1.60%
• 5 years: 62.67%
• 10 years: 67.51%
• Sector: Energy
• Industry: Petroleum Refining

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)

4% more call options, than puts

Call options by funds: $1.55B | Put options by funds: $1.49B

2% more repeat investments, than reductions

Existing positions increased: 885 | Existing positions reduced: 869

1.07% less ownership

Funds ownership: 87.68% [Q2] → 86.6% (-1.07%) [Q3]

3% less funds holding

Funds holding: 2,296 [Q2] → 2,218 (-78) [Q3]

9% less capital invested

Capital invested by funds: $117B [Q2] → $106B (-$11.1B) [Q3]

26% less funds holding in top 10

Funds holding in top 10: 46 [Q2] → 34 (-12) [Q3]

26% less first-time investments, than exits

New positions opened: 123 | Existing positions closed: 167

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $114 8% upside
• Avg. target: $137 29% upside
• High target: $165 56% upside

8 analyst ratings

• positive: 8 100%
• neutral: 0 0%
• negative: 0 0%

Wells Fargo Roger Read 40% 1-year accuracy 42 / 104 met price target	25% upside $132	Overweight Maintained	14 Jan 2025
Truist Securities Neal Dingmann 63% 1-year accuracy 100 / 159 met price target	31% upside $139	Buy Maintained	13 Jan 2025
Piper Sandler Ryan Todd 31% 1-year accuracy 11 / 36 met price target	8% upside $114	Overweight Maintained	19 Dec 2024
Mizuho Nitin Kumar 56% 1-year accuracy 41 / 73 met price target	27% upside $134	Outperform Upgraded	16 Dec 2024
Evercore ISI Group Stephen Richardson 65% 1-year accuracy 11 / 17 met price target	56% upside $165	Outperform Reinstated	6 Dec 2024