Truist Financial Reaffirms Their Buy Rating on Conocophillips (COP)

In a report released today, Neal Dingmann from Truist Financial maintained a Buy rating on Conocophillips (COP – Research Report), with a price target of $160.00. The company’s shares closed last Friday at $130.24.

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 15.8% and a 73.61% success rate on recommended stocks.

Conocophillips has an analyst consensus of Strong Buy, with a price target consensus of $144.17, implying a 10.70% upside from current levels. In a report released on April 24, Barclays also maintained a Buy rating on the stock with a $158.00 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 37 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. Last month, 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.