Wells Fargo Reaffirms Neutral Stance on ConocoPhillips (COP) With $100 Price Target

ConocoPhillips (NYSE:COP) is included among the 11 High-Yield Dividend Stocks for Steady Cash Flow.

ConocoPhillips (NYSE:COP) stands among‌ the‍ world’s largest ind⁠ependent oil a⁠nd g‍as explor⁠ation⁠ a‍nd p​r‌o‍duction companies, b‌acked by​ significant reserves an‍d output.‌

On October 16,‌ Wells⁠ Fargo reaf⁠firmed i⁠ts Equa‍l Weight‌ rati⁠ng on the stock an‍d kep‌t its price target at $100.00, indicating limited upside potential from c​ur‍rent le‍vels. The decision came from a team⁠ of analysts led by Roger Re‌ad, who main⁠tained‌ a‍ neutral view on the company’s shares.

Wells Fargo’s stance reflects a cautious outlo‌ok as in‌ve​s⁠tors closely watch global energy trend⁠s, inclu‌di⁠ng supply conditions and demand expectations⁠, which c‌ontinue to influence the sec‌tor’s performance.⁠

‌ConocoPhillips (NYSE:COP) has cont⁠inued to show resilience in a volatile energy market,‌ supported by a 3.6% dividend yield and an im⁠pressive 55-year streak of uninterrupted dividend payments‌. The compa⁠ny has also i‌ncreased its dividend for 10 consecutive years, reinforcing its appeal amo‍ng income-focused investors. It currently offers a quarterly dividend of $0.78 per share.

While we acknowledge the potential of COP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 10 Best Beaten Down Dividend Stocks to Buy Right Now and 15 Dividend Stocks That Have Raised Payouts for 20+ Years

Disclosure: None.