ConocoPhillips (NYSE:COP) Given New $185.00 Price Target at Wells Fargo & Company

ConocoPhillips (NYSE:COP) had its price objective dropped by investment analysts at Wells Fargo & Company from $189.00 to $185.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the energy producer’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 34.98% from the company’s current price.

A number of other equities analysts also recently weighed in on COP. UBS Group reaffirmed an “outperform” rating on shares of ConocoPhillips in a research note on Monday. Argus upped their price target on ConocoPhillips from $136.00 to $153.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Jefferies Financial Group raised their price objective on ConocoPhillips from $159.00 to $174.00 and gave the company a “buy” rating in a research report on Tuesday, October 6th. Piper Sandler started coverage on ConocoPhillips in a research note on Tuesday, October 27th. They set a “neutral” rating and a $157.00 price objective for the company. Finally, Truist Financial increased their target price on ConocoPhillips from $130.00 to $136.00 and gave the stock a “hold” rating in a research note on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.04.

ConocoPhillips Stock Up 1.2%

NYSE:COP opened at $137.06 on Friday. The firm’s 50-day moving average price is $136.78 and its 200-day moving average price is $121.90. The company has a market capitalization of $164.66 billion, a PE ratio of 17.96, a P/E/G ratio of 1.29 and a beta of 0.16. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.54 and a quick ratio of 1.39. ConocoPhillips has a 1-year low of $85.59 and a 1-year high of $154.28.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, November 5th. The energy producer reported $3.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.05 by $0.22. ConocoPhillips had a net margin of 14.22% and a return on equity of 14.72%. The company had revenue of $19.43 billion during the quarter, compared to analysts’ expectations of $18.59 billion. During the same period last year, the company posted $1.61 EPS. ConocoPhillips’s revenue was up 29.2% on a year-over-year basis. On average, equities analysts predict that ConocoPhillips will post 11.78 EPS for the current fiscal year.

Insider Transactions at ConocoPhillips

In related news, SVP Andrew Lundquist sold 9,487 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $135.15, for a total value of $1,282,168.05. Following the transaction, the senior vice president directly owned 9,593 shares of the company’s stock, valued at approximately $1,296,493.95. This represents a 49.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.09% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of COP. Eurizon Capital SGR S.p.A. raised its holdings in shares of ConocoPhillips by 59.6% during the third quarter. Eurizon Capital SGR S.p.A. now owns 2,126,398 shares of the energy producer’s stock valued at $266,338,000 after purchasing an additional 794,144 shares during the last quarter. Nikulski Financial Inc. bought a new position in ConocoPhillips during the third quarter valued at approximately $219,000. Bingham Private Wealth LLC boosted its holdings in ConocoPhillips by 10.6% in the third quarter. Bingham Private Wealth LLC now owns 6,293 shares of the energy producer’s stock worth $788,000 after purchasing an additional 601 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in ConocoPhillips by 14.2% in the third quarter. Maryland State Retirement & Pension System now owns 74,668 shares of the energy producer’s stock worth $9,345,000 after purchasing an additional 9,271 shares during the last quarter. Finally, Ritholtz Wealth Management grew its position in ConocoPhillips by 4.5% in the 3rd quarter. Ritholtz Wealth Management now owns 36,796 shares of the energy producer’s stock worth $4,605,000 after purchasing an additional 1,586 shares during the period. 82.36% of the stock is owned by institutional investors.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Third-quarter adjusted EPS of $3.27 beat estimates of about $3.05, while revenue of roughly $19.4 billion topped expectations of $18.6 billion. Earnings more than doubled year over year as higher realized prices boosted results, despite lower production. ConocoPhillips Q3 Earnings Beat Estimates on Higher Commodity Prices
• Positive Sentiment: The company generated $7.2 billion in operating cash flow and returned $3.4 billion to shareholders. It raised its quarterly dividend about 11%, to $0.93 per share, signaling confidence in cash generation. Q3 2026 Earnings Call Highlights
• Positive Sentiment: Management outlined a path toward roughly $7 billion in free cash flow by 2029—about double its 2025 level—and said Alaska’s Willow project remains on track toward drilling in 2027, supporting the longer-term growth story. Free cash flow outlook and dividend increase
• Negative Sentiment: Production was lower, leaving results more dependent on commodity prices; a pullback in oil and gas prices could temper earnings and cash flow. ETFs were also net sellers of $22.9 million of COP shares on Nov. 4, a possible short-term supply overhang. ETFs Are Net Sellers of ConocoPhillips

About ConocoPhillips

ConocoPhillips is an independent exploration and production company focused on finding, developing and producing oil and natural gas. Its products include crude oil, natural gas, liquefied natural gas and natural gas liquids.

The company operates in several regions, including North America, Europe, the Middle East, North Africa and the Asia-Pacific. Its activities span exploration, development and production, with a portfolio that includes both conventional and unconventional resources.

ConocoPhillips was formed in 2002 through the merger of Conoco and Phillips Petroleum.