Fintel reports that on December 16, 2024, Mizuho upgraded their outlook for ConocoPhillips (NYSE:COP) from Neutral to Outperform.
Analyst Price Forecast Suggests 34.46% Upside
As of December 3, 2024, the average one-year price target for ConocoPhillips is $135.83/share. The forecasts range from a low of $116.15 to a high of $158.55. The average price target represents an increase of 34.46% from its latest reported closing price of $101.02 / share.
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The projected annual revenue for ConocoPhillips is 60,915MM, an increase of 7.01%. The projected annual non-GAAP EPS is 10.73.
What is the Fund Sentiment?
There are 3,602 funds or institutions reporting positions in ConocoPhillips. This is an decrease of 71 owner(s) or 1.93% in the last quarter. Average portfolio weight of all funds dedicated to COP is 0.38%, an increase of 24.59%. Total shares owned by institutions increased in the last three months by 2.99% to 1,195,098K shares. 
The put/call ratio of COP is 0.84, indicating a bullish outlook.
What are Other Shareholders Doing?
Jpmorgan Chase holds 47,189K shares representing 3.65% ownership of the company. In its prior filing, the firm reported owning 44,120K shares , representing an increase of 6.50%. The firm decreased its portfolio allocation in COP by 93.85% over the last quarter.
Price T Rowe Associates holds 40,298K shares representing 3.12% ownership of the company. In its prior filing, the firm reported owning 38,204K shares , representing an increase of 5.20%. The firm decreased its portfolio allocation in COP by 6.59% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 36,816K shares representing 2.85% ownership of the company. In its prior filing, the firm reported owning 36,938K shares , representing a decrease of 0.33%. The firm decreased its portfolio allocation in COP by 13.83% over the last quarter.
Wellington Management Group Llp holds 31,162K shares representing 2.41% ownership of the company. In its prior filing, the firm reported owning 25,922K shares , representing an increase of 16.82%. The firm decreased its portfolio allocation in COP by 84.78% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 30,415K shares representing 2.35% ownership of the company. In its prior filing, the firm reported owning 30,017K shares , representing an increase of 1.31%. The firm decreased its portfolio allocation in COP by 14.17% over the last quarter.
Conoco Phillips Background Information
(This description is provided by the company.)
Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $63 billion of total assets, and approximately 9,800 employees at Sept. 30, 2020. Production excluding Libya averaged 1,108 MBOED for the nine months ended Sept. 30, 2020, and proved reserves were 5.3 BBOE as of Dec. 31, 2019.
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