NEW YORK (TheStreet) -- Shares of ConocoPhillips (COP) - Get Report are gaining, higher by 1.73% to $63.85 in afternoon trading Friday, as U.S. crude rallied to settle higher by 4% to $45.72 a barrel in pit trading session today, marking its largest daily gain since Feb. 12, according to Reuters.

Oil prices turned green in today's session following German Chancellor Angela Merkel's upbeat comments about Greece, giving the euro a boost against the dollar, Reuters added.

The weaker U.S. dollar makes oil more attractive, causing the rally in oil prices, Reuters noted.

Brent crude for May delivery is also up 1.34% to $55.16 a barrel as of 3:22 p.m. ET today.

Houston, TX-based ConocoPhillips is an independent exploration and production company, based on proved reserves and production of liquids and natural gas.

Insight from TheStreet's Research Team:

ConocoPhillips is a part of David Peltier's DividendStockAdvisor.com Portfolio. Here is what Dave had to say about the stock in a recent alert:

ConocoPhillips (COP:NYSE) declined 6% over the past two weeks, along with the underlying price of oil, and recently traded around $61.38. That said, we believe the company's quarterly dividend of $0.73 per share (4.7% yield) remains secure and that the stock is attractive to purchase at current levels.

-David Peltier, 'Declines Present Buying Opportunities' originally published 3/12/2015 on DividendStockAdvisor.com.

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Separately, TheStreet Ratings team rates CONOCOPHILLIPS as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate CONOCOPHILLIPS (COP) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity." You can view the full analysis from the report here: COP Ratings Report