In a report released yesterday, Roger Read from Wells Fargo maintained a Buy rating on Conocophillips (COP – Research Report), with a price target of $151.00. The company’s shares closed yesterday at $122.23.
Read covers the Energy sector, focusing on stocks such as Antero Resources, Devon Energy, and EQT. According to TipRanks, Read has an average return of 10.7% and a 63.27% success rate on recommended stocks.
In addition to Wells Fargo, Conocophillips also received a Buy from Truist Financial’s Neal Dingmann in a report issued yesterday. However, on the same day, Scotiabank maintained a Hold rating on Conocophillips (NYSE: COP).
The company has a one-year high of $135.18 and a one-year low of $92.73. Currently, Conocophillips has an average volume of 5.41M.
Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COP in relation to earlier this year. Most recently, in March 2024, Nicholas G Olds, the EVP of COP sold 12,150.00 shares for a total of $1,536,246.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Conocophillips (COP) Company Description:
ConocoPhillips is a global oil and gas company. It engages in exploration, production, transportation and marketing of crude oil and natural gas. Its portfolio includes conventional assets in North America, Australia, Europe and Asia, as well as oil sand assets in Canada.
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