Truist Securities Initiates Coverage of ConocoPhillips with Hold Recommendation: Analysts Predict 6.42% Downside, Fund Sentiment Reveals Decrease in Institutional Ownership

Truist Securities initiated coverage of ConocoPhillips (COP) with a Hold recommendation. The average one-year price target is $119.02/share, a 6.42% decrease from its latest closing price. The projected annual revenue is 45,688MM, a 24.21% decrease. Institutional ownership has decreased by 23.71% to 1,090,379K shares.