Truist lifted target to USD 136 for ConocoPhillips stock
Published on 10/13/2026 at 11:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Truist lifted its ConocoPhillips target from USD 130.00 to USD 136.00 on October 7, 2026.
- Second-quarter adjusted earnings per share reached USD 3.24 versus USD 2.85 forecast.
- ConocoPhillips was trading at EUR 123.56 at Lang & Schwarz on October 13, 2026, at 11:01 a.m. CEST.
- The company is evaluating a possible sale of its Norway business and the Teesside terminal after an unsolicited offer.
Truist Securities lifted its ConocoPhillips target from USD 130.00 to USD 136.00 while maintaining a Hold rating on October 7, 2026, according to Investing.com. The company had also confirmed on October 1 that it was evaluating an unsolicited offer for its Norway business and the Teesside terminal.
Three events shape the stock
On August 6, 2026, ConocoPhillips reported second-quarter adjusted earnings per share of USD 3.24 against a USD 2.85 forecast, according to Investing.com.
On October 1, 2026, the company confirmed the possible Norway and Teesside sale after receiving an unsolicited offer. Metal Supply reported that Capital One Securities estimated the combined assets at USD 7.00 billion, while ConocoPhillips had not disclosed the offer value.
On October 7, 2026, Truist raised its target to USD 136.00 from USD 130.00. The USD 6.00 increase equals 4.62 percent, giving the analyst action a clear numerical anchor.
What does the target change mean?
Truist's Hold rating stayed unchanged even as the target rose, linking the higher valuation to the firm's updated outlook before third-quarter results. The same report cited second-quarter production of 2.248 million barrels of oil equivalent per day and free cash flow of USD 4.20 billion, both figures that frame the target change against operating performance.
Next results date is set
ConocoPhillips said on September 24, 2026, that it would hold its third-quarter earnings conference call on November 5, 2026, according to the company's ConocoPhillips investor information. The date gives the target revision a defined near-term reporting milestone.
EUR 123.56 in trading
ConocoPhillips was trading at EUR 123.56 at Lang & Schwarz on October 13, 2026, at 11:01 a.m. CEST. The quote is an intraday euro reference for investors in Germany; the US listing is on the NYSE, where the stock was last quoted at USD 137.56 on October 12, 2026.
The further course of trading is shown by the continuously updated real-time quote of ConocoPhillips stock.
ConocoPhillips stock facts
- Company: ConocoPhillips Company
- ISIN: US20825C1045
- Ticker: COP
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 13, 2026, 11:01 a.m. CEST): EUR 123.56
- Market capitalization: USD 167.6 billion (as of October 12, 2026)
- 52-week range: USD 85.57-141.62 (as of October 12, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Index membership: S&P 100
Market context: Market report S&P 500.
