Morgan Stanley initiated coverage on ConocoPhillips with a new price target
$COP
Integrated oil Companies
Energy
Morgan Stanley initiated coverage of ConocoPhillips with a rating of Overweight and set a new price target of $128.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/16/2024 | $128.00 | Overweight | Morgan Stanley |
| 12/16/2024 | $132.00 → $134.00 | Neutral → Outperform | Mizuho |
| 12/6/2024 | $165.00 | Outperform | Evercore ISI |
| 12/5/2024 | $120.00 → $123.00 | Neutral → Overweight | Analyst |
| 7/18/2024 | $145.00 | Outperform | Wolfe Research |
| 6/14/2024 | $147.00 | Buy | BofA Securities |
| 4/10/2024 | $158.00 | Overweight | Barclays |
| 12/14/2023 | Accumulate → Hold | Johnson Rice |
ConocoPhillips (NYSE:COP) ("COP") announced today the pricing terms of its previously announced cash tender offers (the "Offers" or collectively, the "Tender Offer") of its wholly-owned subsidiary, ConocoPhillips Company ("CPCo") to purchase: (1) any and all of Marathon Oil Corporation's ("Marathon") debt securities listed in the first table below (collectively, the "Any and All Notes"), and (2) (A) for Holders who validly tendered their Maximum Offer Notes (as defined below) as of the Early Tender Deadline (as defined below), a combined aggregate purchase price of up to approximately $4.04 billion (an amount sufficient to accept for purchase all Maximum Offer Notes with Acceptance Priority
ConocoPhillips (NYSE:COP) ("COP") announced today the early results of the previously announced cash tender offers (the "Offers" or collectively, the "Tender Offer") of its wholly-owned subsidiary, ConocoPhillips Company ("CPCo"). In addition, COP further announced that it has amended the Offers by increasing the Maximum Offer Reference Amount (as defined below) from $4,000,000,000 (as previously announced) to an amount sufficient to accept for purchase all Notes with Acceptance Priority Levels 1-7 (as set forth in the second table below) in full, in accordance with the terms of the Offer to Purchase (as defined below). Pursuant to the Offers, CPCo is offering to purchase: (1) any and all
ConocoPhillips (NYSE:COP) today announced that it has completed its acquisition of Marathon Oil Corporation (NYSE:MRO). "This acquisition of Marathon Oil is a perfect fit for ConocoPhillips, adding to our deep, durable and diverse portfolio while meeting our strict financial framework," said Ryan Lance, chairman and chief executive officer. "Marathon Oil adds high-quality, low cost of supply inventory adjacent to our leading U.S. unconventional position. We have a strong history of seamlessly integrating assets and we expect to deliver synergies of over $1 billion on a run rate basis in the next 12 months." In accordance with the terms of the merger agreement, each share of Marathon Oil
NEW YORK, Nov. 21, 2024 /PRNewswire/ -- S&P MidCap 400 constituent Texas Pacific Land Corp. (NYSE:TPL) will replace Marathon Oil Corp. (NYSE:MRO) in the S&P 500, S&P SmallCap 600 constituent Mueller Industries Inc. (NYSE:MLI) will replace Texas Pacific Land in the S&P MidCap 400, and Atlas Energy Solutions Inc. (NYSE:AESI) will replace Mueller Industries in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, November 26. S&P 500 & 100 constituent ConocoPhillips (NYSE:COP) is acquiring Marathon Oil in a deal expected to close November 22, pending final closing conditions. Texas Pacific Land and Mueller Industries have company level market capitalizations that are more r
ConocoPhillips (NYSE:COP) today announced that its board of directors has elected Ms. Nelda J. Connors to serve as a board member. Ms. Connors has more than 25 years of experience in the industrial and manufacturing industries. In 2011, she founded Pine Grove Holdings, LLC, where she currently serves as chair and chief executive officer, overseeing investments in small- and mid-sized businesses with a high engineering component. Prior to founding Pine Grove Holdings, Ms. Connors served as president and chief executive officer of Atkore International Group, Inc., from 2008 to 2010 while Atkore was a division of Tyco International, and from 2010 to 2011 following Atkore's spin-off as a sepa
SCOTTSDALE, Ariz., June 14, 2023 (GLOBE NEWSWIRE) -- Meritage Homes (NYSE:MTH), the fifth-largest public homebuilder in the U.S., today announced the appointment of Dennis V. Arriola as an independent director to its Board of Directors, as part of its board refreshment process. His appointment brings the Board of Directors to a total of 12. The Board plans to consider Mr. Arriola for appointment to one or more board committees over the course of the next several regularly scheduled board meetings. Mr. Arriola currently serves as an Operating Partner at Sandbrook Capital, a private equity firm focused on transforming energy infrastructure investments. Previously, he was the chief executi
ConocoPhillips (NYSE:COP) ("COP") announced today the pricing terms of its previously announced cash tender offers (the "Offers" or collectively, the "Tender Offer") of its wholly-owned subsidiary, ConocoPhillips Company ("CPCo") to purchase: (1) any and all of Marathon Oil Corporation's ("Marathon") debt securities listed in the first table below (collectively, the "Any and All Notes"), and (2) (A) for Holders who validly tendered their Maximum Offer Notes (as defined below) as of the Early Tender Deadline (as defined below), a combined aggregate purchase price of up to approximately $4.04 billion (an amount sufficient to accept for purchase all Maximum Offer Notes with Acceptance Priority
ConocoPhillips (NYSE:COP) ("COP") today announced that, in connection with the previously announced offers to eligible holders to exchange (each, an "Exchange Offer" and collectively, the "Exchange Offers") any and all outstanding notes issued by Marathon Oil Corporation ("Marathon") as set forth in the table below (the "Existing Marathon Notes") for up to $4,000,000,000 aggregate principal amount of new notes issued by ConocoPhillips Company ("CPCo") and fully and unconditionally guaranteed by COP (the "New Notes"), and related consent solicitations by Marathon (each, a "Consent Solicitation" and, collectively, the "Consent Solicitations") to adopt certain proposed amendments to each of th
ConocoPhillips (NYSE:COP) ("COP") announced today the early results of the previously announced cash tender offers (the "Offers" or collectively, the "Tender Offer") of its wholly-owned subsidiary, ConocoPhillips Company ("CPCo"). In addition, COP further announced that it has amended the Offers by increasing the Maximum Offer Reference Amount (as defined below) from $4,000,000,000 (as previously announced) to an amount sufficient to accept for purchase all Notes with Acceptance Priority Levels 1-7 (as set forth in the second table below) in full, in accordance with the terms of the Offer to Purchase (as defined below). Pursuant to the Offers, CPCo is offering to purchase: (1) any and all
Morgan Stanley initiated coverage of ConocoPhillips with a rating of Overweight and set a new price target of $128.00
Mizuho upgraded ConocoPhillips from Neutral to Outperform and set a new price target of $134.00 from $132.00 previously
Evercore ISI resumed coverage of ConocoPhillips with a rating of Outperform and set a new price target of $165.00
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