---
title: "U.S. stock market midday update: ConocoPhillips up 4.34%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/247688267.md"
description: "ConocoPhillips rose 4.34%; Devon Energy rose 7.05%, with a trading volume of $365 million; Hess rose 4.28%, with a trading volume of $273 million; EQT fell 1.01%, with a trading volume of $233 million; EOG Resources rose 4.21%, with a market capitalization of $68 billion"
datetime: "2025-07-08T17:22:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/247688267.md)
  - [en](https://longbridge.com/en/news/247688267.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/247688267.md)
generator: "portal-rs"
---

# U.S. stock market midday update: ConocoPhillips up 4.34%

**U.S. Stock Market Midday Update**

ConocoPhillips rose 4.34%, with increased trading volume. Based on recent important news:

1.  On July 7, Indonesia signed a memorandum of understanding worth $34 billion with U.S. companies, including ExxonMobil and Chevron, boosting the energy sector, benefiting ConocoPhillips with a stock price increase of 4.34%.

2.  On July 8, analysts maintained a moderate buy rating for ConocoPhillips, enhancing market confidence.

3.  On July 6, Huazheng Index announced a new round of ESG ratings, increasing market attention on the energy industry.

**Top Stocks by Industry Trading Volume**

Devon Energy rose 7.05%, with increased trading volume. Based on recent important news:

1.  On July 7, HSBC's global research report indicated that summer demand absorbs additional OPEC+ barrels, and OPEC+ is expected to announce a production increase of 550KBD in the September meeting on August 3, driving oil prices down, leading to a 7.05% increase in Devon Energy's stock price.

2.  On July 7, Espressif Technology released a performance forecast, expecting a year-on-year net profit growth of 65% to 78%, boosting positive sentiment in the related energy management sector.

3.  On July 8, investors sought high-dividend stocks, and Devon Energy was seen as an attractive investment choice, driving up its stock price.

Hess rose 4.28%, with a trading volume of $273 million. Based on recent important news:

1.  On July 6, Hess received an analyst "moderate buy" rating; although not listed as a top recommended stock, the market remains optimistic about its future performance, pushing the stock price up by 4.28%.

2.  On July 7, BlackRock announced the acquisition of ElmTree Fund, enhancing its private market layout, which indirectly benefits Hess by boosting market confidence in energy sector investments.

3.  On July 8, global trade conditions improved, especially with increased imports from Southeast Asian countries, raising market expectations for energy demand and further driving up Hess's stock price.

EQT fell 1.01%, with increased trading volume. Based on recent important news:

1.  On July 8, Mizuho reinstated its "outperform" rating for EQT, setting a target price of $66, indicating a 17.5% upside from the last closing price, supported by the expansion of U.S. LNG exports and increased demand from AI data centers for natural gas prices.

2.  On July 8, Jefferies raised EQT's target price from $60 to $70, as its acquisition of Olympus Energy expanded its influence in the Marcellus region.

3.  On July 8, analysts generally gave EQT a "buy" rating, with an average target price of $62.64.

**Top Stocks by Industry Market Capitalization** EOG Resources rose 4.21%, with a market value of $68 billion. Based on recent important news:

1.  On June 17, EOG Resources submitted a $3.5 billion note application to enhance liquidity, and the stock price rose 4.21%.

2.  On June 16, Wells Fargo raised the target price for EOG to $148, boosting market confidence.

3.  On May 30, EOG acquired Encino, increasing asset value and driving up the stock price

### Related Stocks

- [COP.US](https://longbridge.com/en/quote/COP.US.md)
- [DVN.US](https://longbridge.com/en/quote/DVN.US.md)
- [HES.US](https://longbridge.com/en/quote/HES.US.md)
- [EQT.US](https://longbridge.com/en/quote/EQT.US.md)
- [EOG.US](https://longbridge.com/en/quote/EOG.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**