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Conocophillips (COP) Gets a Hold Rating from J.P. Morgan

In a report released today, John Royall from J.P. Morgan maintained a Hold rating on Conocophillips (COPResearch Report), with a price target of $123.00. The company’s shares closed last Thursday at $89.88.

According to TipRanks.com, Royall is a 3-star analyst with an average return of 5.9% and a 52.4% success rate. Royall covers the Utilities sector, focusing on stocks such as HF Sinclair Corporation, Occidental Petroleum, and Par Pacific Holdings.

Currently, the analyst consensus on Conocophillips is a Strong Buy with an average price target of $129.64.

See today’s best-performing stocks on TipRanks >>

The company has a one-year high of $124.08 and a one-year low of $51.41. Currently, Conocophillips has an average volume of 7.93M.

Based on the recent corporate insider activity of 42 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 June 2022, Ryan Michael Lance, the Chairman & CEO of COP sold 584,900 shares for a total of $70,895,729.

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 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.

Read More on COP:

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