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Why ConocoPhillips (COP) Stock Is Up Today

Investivoq PriceTracker

ConocoPhillips (COP) is up 3.2% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied mainly to stronger energy prices and ConocoPhillips’ high leverage to crude prices, with investors also leaning on the company’s unchanged 2026 guidance and recent portfolio updates. This could be because the market is assigning more value to producers that can translate firmer oil into cash flow without needing a major change to operating plans.

Details:

  • ConocoPhillips published a sensitivity and guidance update on October 2, 2026 that left full-year guidance items unchanged and set third-quarter production guidance at 2.29 million to 2.32 million barrels of oil equivalent per day.
  • That same update showed how exposed results are to commodity prices, with a $1 per barrel change in WTI tied to an estimated annual net income impact of roughly $140 million to $150 million.
  • Oil prices stayed elevated this week as supply risk in the Middle East remained a focus, helping energy names outperform even as other parts of the market were choppy.
  • Recent company updates have also supported sentiment, including progress on asset dispositions, expanded LNG positioning, and a July agreement tied to redevelopment of producing oil fields in Iraq.

    • Sources:

    ConocoPhillips, AP, SEC

    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 Insider Trades

    $COP insiders have traded $COP stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

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

    • KELLY BRUNETTI ROSE (SVP & General Counsel) sold 15,000 shares for an estimated $2,017,724
    • ANDREW D LUNDQUIST (Senior Vice President) sold 9,487 shares for an estimated $1,282,168
    • SHARMILA MULLIGAN sold 1,974 shares for an estimated $234,906

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

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    $COP Hedge Fund Activity

    We have seen 1,107 institutional investors add shares of $COP stock to their portfolio, and 1,190 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 Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq 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 Investivoq's $COP forecast page.

    $COP Price Targets

    Multiple analysts have issued price targets for $COP recently. We have seen 7 analysts offer price targets for $COP in the last 6 months, with a median target of $143.0.

    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 Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.