Mizuho Reduces PT on ConocoPhillips (COP) Stock

Group 1 - ConocoPhillips (NYSE:COP) is recognized as a promising energy stock by Wall Street analysts, with Mizuho adjusting its price target to $120 from $125 while maintaining an "Outperform" rating, reflecting a positive outlook on gas prices over the next 12 months [1] - In Q2 2025, ConocoPhillips reported strong financial and operational results, completing the integration of Marathon Oil and is on track to achieve over $1 billion in synergies and one-time benefits [2] - The company is leveraging its scale and technology to drive over $1 billion in cost reductions and margin enhancements by the end of 2026 [2] Group 2 - ConocoPhillips is approaching a free cash flow inflection as capital spending on major long-cycle projects decreases in the second half of 2025, enhancing its capacity to return capital to shareholders [3] - Management aims to return approximately 45% of operating cash flow through dividends and buybacks, supported by efficiency gains and a strong balance sheet [3] - The stock trades at 14.4x 2025 EPS and offers an approximately 8% capital return yield, presenting an attractive entry point amid a favorable long-term oil market [3]