ConocoPhillips gains as higher oil prices add to post-earnings momentum

ConocoPhillips (COP) is up 3.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a broader rally in oil and energy shares as crude prices moved higher, which tends to lift producers like ConocoPhillips. The stock may also still be benefiting from strong second-quarter results, higher shareholder returns, and a wave of recent analyst target increases that reinforced bullish sentiment.

Details:

Oil prices were higher on August 20, adding support to energy stocks and improving the near-term earnings outlook for upstream producers.

ConocoPhillips reported second-quarter 2026 adjusted earnings of $3.24 per share, generated $7.2 billion of cash from operations, and said it doubled share repurchases in the quarter.

The company declared a third-quarter ordinary dividend of $0.84 per share and reaffirmed full-year guidance, which signaled confidence in operations and cash generation.

Several analysts raised or reiterated bullish price targets in August, including updates after earnings, which likely helped sustain momentum in the shares.

Sources:

ConocoPhillips, AP News, TipRanks

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$COP Insider Trading Activity

$COP insiders have traded $COP stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.

Here’s a breakdown of recent trading of $COP stock by insiders over the last 6 months:

RYAN MICHAEL LANCE (Chairman and CEO) has made 0 purchases and 2 sales selling 620,021 shares for an estimated $79,518,983.
TIMOTHY A LEACH sold 40,000 shares for an estimated $4,751,684
ANDREW D LUNDQUIST (Senior Vice President) sold 34,500 shares for an estimated $4,128,960
NICHOLAS G OLDS (Executive Vice President) has made 0 purchases and 3 sales selling 33,666 shares for an estimated $4,035,861.
KELLY BRUNETTI ROSE (SVP & General Counsel) has made 0 purchases and 2 sales selling 16,200 shares for an estimated $2,004,556.
WELSH KONTESSA S HAYNES (VP & Controller) sold 10,339 shares for an estimated $1,241,405
HEATHER G. HRAP (Senior Vice President) sold 2,654 shares for an estimated $317,630
SHARMILA MULLIGAN sold 1,974 shares for an estimated $234,906

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$COP Hedge Fund Activity

We have seen 1,118 institutional investors add shares of $COP stock to their portfolio, and 1,308 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 41,476,189 shares (+inf%) to their portfolio in Q2 2026, for an estimated $4,311,864,608
JPMORGAN CHASE & CO added 38,047,399 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,955,407,600
FISHER ASSET MANAGEMENT, LLC removed 14,277,591 shares (-93.8%) from their portfolio in Q2 2026, for an estimated $1,484,298,360
CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 3,564,622 shares (+9.4%) to their portfolio in Q2 2026, for an estimated $370,578,103
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 3,098,953 shares (+inf%) to their portfolio in Q2 2026, for an estimated $322,167,153
BOSTON PARTNERS added 2,740,260 shares (+40.5%) to their portfolio in Q2 2026, for an estimated $284,877,429
BLACKROCK, INC. added 2,712,703 shares (+3.0%) to their portfolio in Q2 2026, for an estimated $282,012,603

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$COP Analyst Ratings

Wall Street analysts have issued reports on $COP in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Roth Capital issued a "Buy" rating on 06/22/2026
Morgan Stanley issued a "Overweight" rating on 05/22/2026

To track analyst ratings and price targets for $COP, check out Quiver Quantitative's $COP forecast page.

$COP Price Targets

Multiple analysts have issued price targets for $COP recently. We have seen 10 analysts offer price targets for $COP in the last 6 months, with a median target of $146.0.

Here are some recent targets:

Gabe Daoud from Truist Securities set a target price of $115.0 on 07/08/2026
Josh Silverstein from UBS set a target price of $143.0 on 07/08/2026
Nitin Kumar from Mizuho set a target price of $146.0 on 07/07/2026
Devin McDermott from Morgan Stanley set a target price of $146.0 on 06/29/2026
Leo Mariani from Roth Capital set a target price of $130.0 on 06/22/2026
Betty Jiang from Barclays set a target price of $155.0 on 05/26/2026
Betty Zhang from Scotiabank set a target price of $125.0 on 04/22/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.