JPMorgan Chase & Co. Cuts ConocoPhillips (NYSE:COP) Price Target to $98.00

ConocoPhillips (NYSE:COP) had its price objective lowered by JPMorgan Chase & Co. from $102.00 to $98.00 in a research note released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the energy producer’s stock.

A number of other research firms have also recently commented on COP. Royal Bank Of Canada increased their target price on shares of ConocoPhillips from $113.00 to $118.00 and gave the stock an “outperform” rating in a report on Monday, October 13th. Roth Capital dropped their price objective on shares of ConocoPhillips from $108.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, October 15th. Wolfe Research cut their target price on shares of ConocoPhillips from $131.00 to $126.00 and set an “outperform” rating on the stock in a research report on Monday, January 5th. Weiss Ratings reiterated a “hold (c-)” rating on shares of ConocoPhillips in a report on Monday, December 29th. Finally, UBS Group raised their price objective on ConocoPhillips from $117.00 to $120.00 and gave the company a “buy” rating in a report on Friday, December 12th. Eighteen analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, ConocoPhillips has an average rating of “Moderate Buy” and a consensus price target of $111.56.

ConocoPhillips Stock Down 1.4%

Shares of COP opened at $98.91 on Tuesday. The firm has a 50 day simple moving average of $92.43 and a two-hundred day simple moving average of $92.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 1.18. ConocoPhillips has a one year low of $79.88 and a one year high of $106.20. The company has a market cap of $122.23 billion, a P/E ratio of 13.99, a P/E/G ratio of 2.72 and a beta of 0.32.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, November 6th. The energy producer reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.20. ConocoPhillips had a return on equity of 13.64% and a net margin of 14.25%.The company had revenue of $15.03 billion for the quarter, compared to analyst estimates of $14.51 billion. During the same quarter last year, the company posted $1.78 EPS. The company’s revenue for the quarter was up 14.1% compared to the same quarter last year. Research analysts forecast that ConocoPhillips will post 8.16 EPS for the current fiscal year.

ConocoPhillips Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $0.84 dividend. This is a boost from ConocoPhillips’s previous quarterly dividend of $0.78. The ex-dividend date was Monday, November 17th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.4%. ConocoPhillips’s dividend payout ratio is presently 47.52%.

Insider Activity

In related news, CEO Ryan Michael Lance sold 500,708 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $92.50, for a total value of $46,315,490.00. Following the sale, the chief executive officer directly owned 325,972 shares in the company, valued at $30,152,410. This represents a 60.57% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William H. Mcraven purchased 5,768 shares of the company’s stock in a transaction dated 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 directly owned 5,768 shares in the company, valued at approximately $499,970.24. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On ConocoPhillips

Hedge funds and other institutional investors have recently bought and sold shares of the company. Apella Capital LLC grew its stake in ConocoPhillips by 1.9% during the second quarter. Apella Capital LLC now owns 7,707 shares of the energy producer’s stock worth $713,000 after purchasing an additional 141 shares during the period. Everpar Advisors LLC grew its position in shares of ConocoPhillips by 138.7% during the 2nd quarter. Everpar Advisors LLC now owns 10,413 shares of the energy producer’s stock worth $934,000 after buying an additional 6,051 shares during the period. FF Advisors LLC increased its stake in shares of ConocoPhillips by 12.8% in the 2nd quarter. FF Advisors LLC now owns 2,678 shares of the energy producer’s stock valued at $240,000 after acquiring an additional 303 shares in the last quarter. Range Financial Group LLC lifted its position in shares of ConocoPhillips by 7.8% during the 2nd quarter. Range Financial Group LLC now owns 3,538 shares of the energy producer’s stock valued at $318,000 after acquiring an additional 256 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in ConocoPhillips by 4.8% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 63,098 shares of the energy producer’s stock worth $5,662,000 after acquiring an additional 2,918 shares in the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

More ConocoPhillips News

Here are the key news stories impacting ConocoPhillips this week:

• Positive Sentiment: Multiple gas discoveries and encouraging well results in Australia’s Otway Basin increase potential reserves and future production optionality, supporting long‑term value for COP. ConocoPhillips Confirms Second Gas Discovery in Australia’s Otway Basin ConocoPhillips Australia discovers additional gas in Otway basin Charlemont Trend
• Positive Sentiment: Well encountered probable gas across all target reservoirs at the Charlemont‑1/Waarre intervals — early data is encouraging despite operational delays, which supports resource upside and optionality. COP Encounters Probable Gas Across All Target Reservoirs in Australia
• Positive Sentiment: BMO / Phillip Jungwirth maintained a Buy rating with a $105 target, highlighting resilient multi‑year free cash flow and capital returns despite near‑term headwinds — a supportive institutional view for holders. ConocoPhillips: Resilient Multi‑Year Free Cash Flow and Capital Returns Support Buy Rating
• Negative Sentiment: Wolfe Research trimmed its price target from $126 to $122 while keeping an Outperform rating — a modest cut that narrows upside and can weigh on sentiment. Wolfe Adjusts Price Target on ConocoPhillips to $122 from $126, Maintains Outperform
• Negative Sentiment: JPMorgan lowered its price target to $98, bringing a major broker’s near‑term reference point down to roughly current levels and removing upside for some investors. JPMorgan Lowers ConocoPhillips Price Target to $98
• Negative Sentiment: Media/analyst commentary advising investors to “skip oil majors” in favor of downstream/refining or shipping names increases rotation risk away from large E&P names like COP. Don’t Trade the Venezuela Headlines — Why We’re Skipping Oil Majors
• Negative Sentiment: Additional reports of price‑target trims (headline: “COP price target lowered by $6”) add to near‑term selling pressure as analysts update models. ConocoPhillips (COP) Price Target Lowered by $6

About ConocoPhillips

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.