Mizuho Securities Maintains Buy Rating on Conocophillips with $125 Price Target

Mizuho Securities analyst Nitin Kumar CFA maintained a Buy rating on Conocophillips with a price target of $125.00. Kumar CFA covers the Energy sector, focusing on stocks such as HF Sinclair Corporation and EOG Resources. The company reported a quarterly revenue of $16.52 billion and a net profit of $2.84 billion, an increase from $13.85 billion and $2.54 billion last year. Corporate insider sentiment is positive, with 23 insiders buying their shares over the past quarter.

Title: Mizuho Securities Analyst Maintains Buy Rating on ConocoPhillips

Mizuho Securities analyst Nitin Kumar CFA has maintained a Buy rating on ConocoPhillips (NYSE:COP) with a price target of $125.00. Kumar CFA covers the Energy sector, focusing on stocks such as HF Sinclair Corporation and EOG Resources. The company reported a quarterly revenue of $16.52 billion and a net profit of $2.84 billion, an increase from $13.85 billion and $2.54 billion last year. Corporate insider sentiment is positive, with 23 insiders buying their shares over the past quarter.

ConocoPhillips has been gaining attention for its strategic adjustments and strong financial performance. The company has seen a significant improvement in its multi-year free cash flow outlook, with additional cost reduction initiatives totaling $1 billion [1]. This comes on top of a previously identified $6 billion increase in free cash flow as capital obligations decrease and new projects commence later this decade. Evercore ISI has reiterated an Outperform rating on the stock, highlighting the company's strong future business outlook [1].

The company's commitment to returning 45% of cash flow from operations to shareholders, as announced during its second-quarter results, and its progress on divestitures to insulate the company from commodity price volatility, have been noted by analysts [1]. Despite uncertainties in oil prices, ConocoPhillips' multi-year outlook continues to improve, supporting the Outperform rating.

Institutional investors have also shown strong interest in ConocoPhillips. Charles Schwab Investment Management Inc. increased its stake by 379.7% in the first quarter, holding over 40 million shares worth approximately $4.2 billion [2]. Other institutional investors and hedge funds have also modified their holdings, indicating confidence in the company's future prospects.

ConocoPhillips has been actively involved in strategic adjustments, including the potential sale of its Oklahoma assets to Flywheel Energy for approximately $1.3 billion [1]. The company has also applied to cease being a reporting issuer in Canada, seeking a joint order from Canadian securities regulators to end its reporting obligations across all Canadian jurisdictions [1]. These developments reflect the company's ongoing strategic adjustments and governance enhancements.

The company's recent earnings results were positive, with a quarterly revenue of $16.52 billion and a net profit of $2.84 billion, beating analysts' expectations. The company also announced a quarterly dividend of $0.78 per share, representing a $3.12 annualized dividend and a 3.3% yield [2].

Overall, ConocoPhillips' strong financial performance, strategic adjustments, and positive insider sentiment make it an attractive investment for investors. The company's multi-year free cash flow outlook and strong future business outlook support Mizuho Securities' Buy rating and price target of $125.00.

References:
[1] https://www.investing.com/news/analyst-ratings/evercore-isi-reaffirms-conocophillips-stock-rating-with-115-target-93CH-4177647
[2] https://www.marketbeat.com/instant-alerts/filing-charles-schwab-investment-management-inc-raises-stake-in-conocophillips-nysecop-2025-08-07/