ConocoPhillips (COP)

• Market cap: $123B
• 1 day: -0.06%
• 5 days: -5.94%
• 1 month: -16.14%
• 3 months: -13.42%
• 6 months: -14.56%
• Year to date: -19.11%
• 1 year: -18.48%
• 5 years: 49.28%
• 10 years: 36.82%
• 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)

2% more call options, than puts

Call options by funds: $1.49B | Put options by funds: $1.46B

2% more repeat investments, than reductions

Existing positions increased: 884 | Existing positions reduced: 869

1.35% less ownership

Funds ownership: 83.88% [Q2] → 82.53% (-1.35%) [Q3]

3% less funds holding

Funds holding: 2,294 [Q2] → 2,214 (-80) [Q3]

10% less capital invested

Capital invested by funds: $112B [Q2] → $101B (-$11B) [Q3]

24% less funds holding in top 10

Funds holding in top 10: 45 [Q2] → 34 (-11) [Q3]

40% less first-time investments, than exits

New positions opened: 121 | Existing positions closed: 201

Research analyst outlook

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

• Low target: $114 20% upside
• Avg. target: $133 40% upside
• High target: $165 73% upside

10 analyst ratings

• positive: 9 90%
• neutral: 1 10%
• negative: 0 0%

Piper Sandler Ryan Todd 17% 1-year accuracy 6 / 36 met price target	20% upside $114	Overweight Maintained	19 Dec 2024
Mizuho Nitin Kumar 19% 1-year accuracy 15 / 79 met price target	41% upside $134	Outperform Upgraded	16 Dec 2024
Wells Fargo Roger Read 23% 1-year accuracy 23 / 99 met price target	41% upside $134	Overweight Maintained	9 Dec 2024
Evercore ISI Group Stephen Richardson 47% 1-year accuracy 7 / 15 met price target	73% upside $165	Outperform Reinstated	6 Dec 2024
JP Morgan Arun Jayaram 41% 1-year accuracy 11 / 27 met price target	29% upside $123	Overweight Upgraded	4 Dec 2024