ConocoPhillips (NYSE:COP) Reaches New 52-Week High – Should You Buy?

ConocoPhillips (NYSE:COP) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $107.18 and last traded at $106.6270, with a volume of 550839 shares traded. The stock had previously closed at $104.91.

Key Stories Impacting ConocoPhillips

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Management committed to returning 45% of operating cash flow to shareholders (boosting yield/total-return prospects), supported by strong reported cash generation. ConocoPhillips Stock Still Looks Cheap – What’s The Best Play Here?
• Positive Sentiment: Wells Fargo raised its price target to $133 and kept an overweight rating — a material upside call that can attract momentum buyers. Wells Fargo raises PT to $133
• Neutral Sentiment: CEO Ryan Lance signaled a shift toward organic growth and international expansion (less M&A focus) — a strategic pivot that could change capital allocation and growth tempo over time. Analyst: Focus on organic growth
• Neutral Sentiment: Articles flag a Venezuela monetization-first approach (collect payments/settlements before ramping drilling) — could unlock value but is execution- and timing-dependent. Venezuela strategy piece
• Negative Sentiment: Q4 results missed consensus: non‑GAAP EPS $1.02 vs. estimates (~$1.23) and revenue slightly below expectations; management cited weaker realized oil prices — the miss pressured shares and remains a near-term earnings risk. Reuters: Q4 earnings miss
• Negative Sentiment: JPMorgan’s updated target ($103, neutral) implies limited near-term upside from current levels — a restraint on bullish investor positioning. JPMorgan maintains neutral PT $103

Analyst Upgrades and Downgrades

COP has been the subject of several research analyst reports. Raymond James Financial increased their price objective on ConocoPhillips from $98.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, January 22nd. Bank of America reaffirmed an “underperform” rating and set a $102.00 price target on shares of ConocoPhillips in a research note on Friday, January 16th. Capital One Financial increased their price target on shares of ConocoPhillips from $111.00 to $116.00 and gave the company an “equal weight” rating in a report on Tuesday, January 20th. UBS Group boosted their price objective on shares of ConocoPhillips from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, December 12th. Finally, Piper Sandler increased their target price on shares of ConocoPhillips from $108.00 to $111.00 and gave the company an “overweight” rating in a report on Friday. Seventeen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.43.

ConocoPhillips Stock Up 2.6%

The firm’s 50-day moving average price is $96.50 and its 200 day moving average price is $93.72. The firm has a market capitalization of $133.07 billion, a price-to-earnings ratio of 16.99 and a beta of 0.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.30 and a quick ratio of 1.18.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings data on Thursday, February 5th. The energy producer reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.23 by ($0.21). ConocoPhillips had a return on equity of 11.90% and a net margin of 12.98%.The company had revenue of $13.86 billion for the quarter, compared to analyst estimates of $14.35 billion. During the same quarter in the prior year, the firm earned $1.98 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. Sell-side analysts expect that ConocoPhillips will post 8.16 EPS for the current year.

ConocoPhillips Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Wednesday, February 18th will be given a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 3.1%. The ex-dividend date is Wednesday, February 18th. ConocoPhillips’s dividend payout ratio is currently 47.52%.

Insiders Place Their Bets

In related news, Director William H. Mcraven acquired 5,768 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was purchased at an average price of $86.68 per share, for a total transaction of $499,970.24. Following the transaction, the director owned 5,768 shares in the company, valued at $499,970.24. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Michael Lance sold 500,708 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $92.50, for a total transaction of $46,315,490.00. Following the completion of the transaction, the chief executive officer directly owned 325,972 shares of the company’s stock, valued at $30,152,410. The trade was a 60.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.24% of the stock is owned by company insiders.

Hedge Funds Weigh In On ConocoPhillips

Several institutional investors and hedge funds have recently modified their holdings of COP. Heartland Bank & Trust Co increased its holdings in ConocoPhillips by 97.2% in the second quarter. Heartland Bank & Trust Co now owns 6,861 shares of the energy producer’s stock worth $616,000 after buying an additional 3,381 shares during the last quarter. Tema Etfs LLC bought a new stake in ConocoPhillips in the third quarter worth approximately $1,804,000. D.A. Davidson & CO. increased its stake in shares of ConocoPhillips by 12.1% during the 3rd quarter. D.A. Davidson & CO. now owns 140,829 shares of the energy producer’s stock worth $13,321,000 after purchasing an additional 15,202 shares during the last quarter. Chilton Capital Management LLC increased its stake in shares of ConocoPhillips by 3.2% during the 3rd quarter. Chilton Capital Management LLC now owns 389,995 shares of the energy producer’s stock worth $36,890,000 after purchasing an additional 11,958 shares during the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of ConocoPhillips by 107.5% during the 3rd quarter. AE Wealth Management LLC now owns 103,430 shares of the energy producer’s stock valued at $9,783,000 after purchasing an additional 53,587 shares in the last quarter. Hedge funds and other institutional investors own 82.36% of the company’s stock.

ConocoPhillips Company Profile

ConocoPhillips (NYSE: COP) is a Houston-based international energy company focused on exploration and production of oil and natural gas. Formed in 2002 through the merger of Conoco Inc and Phillips Petroleum Company, the firm operates as an independent upstream company that explores for, develops and produces crude oil, natural gas and natural gas liquids across a portfolio of global assets.

The company’s activities span conventional and unconventional resources and include onshore and offshore operations in multiple regions around the world.