Conocophillips Stock News

U.S. Deputy Secretary of Energy David Turk joins 'The Exchange' to discuss President Biden's announcement today that he'll authorize the release of oil from the strategic petroleum reserve to help low

Shares of oil companies are enjoying a broad rally Tuesday, after crude oil prices bounces sharply to turn positive, shrugging off President Biden''s announcement of a plan to release 50 million barrels of oil from the U.S. Strategic Petroleum Reserve (SPR) in an attempt to rein in prices. The SPDR Energy Select Sector ETF rose 1.1% in premarket trading, with all 21 components gaining ground ahead of the open. Among some of the more active components, shares of Exxon Mobil Corp. gained 0.8%, Chevron Corp. rose 1.3%, ConocoPhillips climbed 1.2%, Marathon Oil Corp. tacked on 1.6% and Occidental Petroleum Corp. advanced 1.9%. Continuous crude oil futures rose 1.2% to $77.66, reversing an earlier loss of about 1.8%, according to FactSet data. Meanwhile, futures for the S&P 500 were little changed. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

President Biden is releasing millions of barrels from the U.S. Strategic Petroleum Reserves. Here's what you should know as we move forward.

FRG, CBRE, AN, and COP made it to the Zacks Rank #1 (Strong Buy) growth stocks list on November 23, 2021.

Shares of oil companies are enjoying a broad rally Tuesday, after crude oil prices bounces sharply to turn positive, shrugging off President Biden's announcement of a plan to release 50 million barrel

AAFMAA Wealth Management & Trust LLC raised its holdings in ConocoPhillips (NYSE:COP) by 1.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,005 shares of the energy producers stock after buying an additional 907 shares during the quarter. ConocoPhillips accounts for 2.3% of AAFMAA []

The purchase of the Permian acreage was definitely not cheap. This continues a process of moving away from the Alaska growth story. The most attractive part of the deal is raising the dividend and bei

CVA Family Office LLC trimmed its position in ConocoPhillips (NYSE:COP) by 33.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,300 shares of the energy producers stock after selling 2,126 shares during the period. CVA Family Office LLCs holdings []

ConocoPhillips (NYSE:COP) had its price target raised by Morgan Stanley from $90.00 to $95.00 in a report published on Friday, PriceTargets.com reports. They currently have an overweight rating on the energy producers stock. Several other equities research analysts have also recently issued reports on COP. Truist lifted their target price on ConocoPhillips from $84.00 to []

Several analysts have recently updated their ratings and price targets for CompuGroup Medical SE & Co. KGaA (ETR: COP): 11/10/2021 CompuGroup Medical SE & Co. KGaA was given a new 72.00 ($81.82) price target on by analysts at Baader Bank. 11/4/2021 CompuGroup Medical SE & Co. KGaA was given a new 71.00 ($80.68) []

Hennessy Advisors Inc. reduced its holdings in shares of ConocoPhillips (NYSE:COP) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 87,100 shares of the energy producers stock after selling 1,300 shares during the period. Hennessy Advisors Inc.s holdings in ConocoPhillips were worth $5,903,000 as of []

President Biden says there's evidence that oil companies are price gouging, and investors are worried about what comes next.