Piper Sandler Initiates Coverage on ConocoPhillips with Hold Rating
Piper Sandler has initiated coverage on ConocoPhillips with a 'Hold' rating and a price target of $157.
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ConocoPhillips Canada is part of an industry group aiming to reach a final investment decision on a major carbon capture and storage project by late 2027.
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Piper Sandler has initiated coverage on ConocoPhillips with a 'Hold' rating and a price target of $157.
Seven sectors are higher and four are lower in Tuesday's regular session, with growth and cyclical sectors split across the top three positions. The leaders are separated rather than clustered, with Technology clearly ahead of the next group.
VDE is a passively managed energy sector ETF with $11.7 billion in assets and a low 0.09% expense ratio. The fund has delivered strong performance with 56.74% year-to-date gains and 59.23% one-year returns, though it carries high risk with a 21.45% standard deviation. Top holdings include ExxonMobil (21.82%), Chevron, and ConocoPhillips.