Truist Financial analyst Neal Dingmann reiterated a Buy rating on Conocophillips (COP – Research Report) today. The company’s shares closed yesterday at $122.25.
Dingmann covers the Energy sector, focusing on stocks such as Civitas Resources, APA, and Devon Energy. According to TipRanks, Dingmann has an average return of 13.3% and a 69.29% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Conocophillips with a $143.24 average price target, implying a 17.17% upside from current levels. In a report released yesterday, Jefferies also maintained a Buy rating on the stock with a $154.00 price target.
Based on Conocophillips’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $15.31 billion and a net profit of $3.01 billion. In comparison, last year the company earned a revenue of $19.26 billion and had a net profit of $3.25 billion
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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