Truist raised target for ConocoPhillips stock to USD 136.00
Published on 10/12/2026 at 12:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Truist raised its ConocoPhillips target from USD 130.00 to USD 136.00 while keeping a Hold rating on October 7, 2026.
- Second-quarter 2026 revenue reached USD 19.40 billion, up 36.00 percent year over year, according to Simply Wall St.
- ConocoPhillips stock was EUR 120.54 at Lang & Schwarz on October 12, 2026, 0.10 percent below the October 9 Xetra close.
- Market capitalization stood at USD 163.4 billion as of October 9, 2026, with a 52-week range of USD 85.57 to USD 141.62.
ConocoPhillips (ISIN US20825C1045) was trading at EUR 120.54 at Lang & Schwarz on October 12, 2026 at 12:39 p.m. CEST. On October 7, 2026, Truist raised its target from USD 130.00 to USD 136.00 while keeping a Hold rating, as Investing.com reported.
Three events shape the stock
On August 6, 2026, ConocoPhillips provided third-quarter production guidance of 2.29 million to 2.32 million barrels of oil equivalent per day, according to Simply Wall St. On October 2, 2026, the company agreed to purchase 1.00 million tonnes of LNG per year from Venture Global for 20 years beginning in 2030, as Finanznachrichten reported. Truist then lifted its target to USD 136.00 from USD 130.00 on October 7, 2026, maintaining Hold, according to Investing.com.
What does the target change mean?
The new USD 136.00 target is 4.62 percent above the previous USD 130.00 target. Truist based the revision on net asset value and retained Hold because valuation remained its key constraint, giving investors a more cautious signal than the higher target alone suggests.
ConocoPhillips reported second-quarter 2026 revenue of USD 19.40 billion, up 36.00 percent from the same quarter a year earlier. Net income reached USD 3.92 billion, up 100.00 percent, while earnings per share rose to USD 3.23 from USD 1.56, according to Simply Wall St. The revenue figure missed analyst estimates by 1.40 percent, while earnings per share exceeded expectations by 6.10 percent.
Results date sets the next checkpoint
ConocoPhillips will release third-quarter 2026 financial and operating results before the market opens on November 5, 2026, with a conference call scheduled for 12:00 p.m. Eastern time, according to the company release dated September 24, 2026, from ConocoPhillips. The upcoming report will be the first quarterly period under CEO Andy O'Brien.
Stock stays below the Xetra close
At Lang & Schwarz, ConocoPhillips stock was trading at EUR 120.54 on October 12, 2026 at 12:39 p.m. CEST, down EUR 0.12 or 0.10 percent versus the Xetra close of October 9, 2026 at EUR 120.66. The primary listing is on the NYSE, where the finance quote showed USD 134.10 on October 9, 2026, and the 52-week range was USD 85.57 to USD 141.62.
The further course of trading is shown by the continuously updated real-time quote of ConocoPhillips stock.
ConocoPhillips stock facts
- Company: ConocoPhillips
- ISIN: US20825C1045
- WKN: 575302
- Ticker: COP
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 12, 2026, 12:39 p.m. CEST): EUR 120.54
- Change versus Xetra close: minus 0.10 percent
- Xetra close (October 9, 2026): EUR 120.66
- Market capitalization: USD 163.4 billion (as of October 9, 2026)
- 52-week range: USD 85.57-141.62 (as of October 9, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
Market context: Market report S&P 500.
