Why ConocoPhillips (COP) Stock Is Up Today

ConocoPhillips (COP) is up 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a sharp rebound in crude prices, which tends to lift exploration and production names like ConocoPhillips because their earnings are closely tied to oil and gas realizations. A recent Iraq expansion deal may also be helping sentiment, but the move looks primarily tied to the commodity backdrop.

Details:

On July 29, ConocoPhillips’ investor site showed the stock up more than 4% in morning trading, indicating strong early buying interest in the name.

Brent crude jumped roughly 6% after renewed fighting involving Iran raised fresh concerns about disruptions to global oil flows, a setup that often benefits upstream producers.

Market data cited an estimated 3.3 million barrel draw in U.S. crude inventories for the latest week, which added support to oil prices and reinforced the bullish tone for energy equities.

Earlier in July, ConocoPhillips said it agreed to acquire a 42% interest in BP Energy Company of Kirkuk, adding exposure to four currently producing oil fields in northern Iraq.

Sources:

ConocoPhillips, AP News, Business Recorder

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 1,100 institutional investors add shares of $COP stock to their portfolio, and 1,095 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL INTERNATIONAL INVESTORS removed 17,244,513 shares (-35.7%) from their portfolio in Q1 2026, for an estimated $2,276,275,716
WELLINGTON MANAGEMENT GROUP LLP removed 10,605,411 shares (-44.1%) from their portfolio in Q1 2026, for an estimated $1,399,914,252
FMR LLC added 8,244,241 shares (+39.0%) to their portfolio in Q1 2026, for an estimated $1,088,239,812
BANK OF AMERICA CORP /DE/ removed 6,628,442 shares (-34.2%) from their portfolio in Q1 2026, for an estimated $874,954,344
HARRIS ASSOCIATES L P removed 6,574,096 shares (-27.4%) from their portfolio in Q1 2026, for an estimated $867,780,672
CAPITAL RESEARCH GLOBAL INVESTORS added 5,003,542 shares (+435.3%) to their portfolio in Q1 2026, for an estimated $660,467,544
ROYAL BANK OF CANADA added 4,694,006 shares (+116.0%) to their portfolio in Q1 2026, for an estimated $619,608,792

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 Congressional Stock Trading

Members of Congress have traded $COP stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

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

REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 02/10.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades 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 11 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.