ConocoPhillips stock is discounted with executive insider purchase, signaling confidence

From Yahoo Finance: 2025-06-29 22:03:00

ConocoPhillips (NYSE:COP) is among the 10 dividend bargains trading below insiders’ prices. The company’s top executive recently made a significant stock purchase, signaling confidence amid price target cuts from analysts. RBC Capital lowered the price target from $120 to $115, while Citi lowered it from $140 to $115, maintaining a Buy rating.

ConocoPhillips operates a global network of pipelines, focusing on crude oil, natural gas, and natural gas liquids. The company, based in Texas, has a diversified portfolio of energy assets across major resource basins worldwide, meeting the energy needs of its clients. Executive Vice-President Kirk L. Johnson recently purchased 5,300 shares, valued at $499,472.

With an attractive dividend yield of 3.49% and a stock price of $89.00, ConocoPhillips offers a discounted entry point for investors seeking a dividend opportunity. The stock is currently trading below the price at which the EVP made the insider purchase, making it an appealing option for dividend investors.



Read more at Yahoo Finance: ConocoPhillips Stock Offers Discounted Entry as Executive Signals Confidence