Traders sold shares of ConocoPhillips (NYSE:COP) on strength during trading hours on Friday. $80.86 million flowed into the stock on the tick-up and $112.66 million flowed out of the stock on the tick-down, for a money net flow of $31.80 million out of the stock. Of all companies tracked, ConocoPhillips had the 0th highest net out-flow for the day. ConocoPhillips traded up $0.79 for the day and closed at $42.30

A number of brokerages recently issued reports on COP. Deutsche Bank AG reiterated a “buy” rating and set a $62.00 price objective on shares of ConocoPhillips in a research note on Monday, May 16th. Sanford C. Bernstein reiterated an “outperform” rating on shares of ConocoPhillips in a research note on Monday, May 16th. Jefferies Group reiterated a “sell” rating on shares of ConocoPhillips in a research note on Saturday, April 30th. Credit Suisse Group AG restated a “hold” rating on shares of ConocoPhillips in a research note on Saturday, April 30th. Finally, Barclays PLC restated a “buy” rating and issued a $50.00 price target on shares of ConocoPhillips in a research note on Wednesday, March 30th. Four investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $48.92.

The stock’s market cap is $52.38 billion. The stock has a 50-day moving average price of $43.98 and a 200-day moving average price of $41.50.

ConocoPhillips (NYSE:COP) last issued its quarterly earnings results on Thursday, April 28th. The company reported ($0.95) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.86) by $0.09. During the same period in the previous year, the business earned ($0.18) earnings per share. On average, analysts forecast that ConocoPhillips will post ($2.17) earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of COP. Paragon Capital Management LLC raised its stake in shares of ConocoPhillips by 10.2% in the fourth quarter. Paragon Capital Management LLC now owns 104,181 shares of the company’s stock worth $4,864,000 after buying an additional 9,655 shares in the last quarter. Sei Investments Co. raised its stake in shares of ConocoPhillips by 7.7% in the fourth quarter. Sei Investments Co. now owns 222,953 shares of the company’s stock worth $10,409,000 after buying an additional 16,020 shares in the last quarter. Swiss National Bank raised its stake in shares of ConocoPhillips by 8.0% in the fourth quarter. Swiss National Bank now owns 2,442,829 shares of the company’s stock worth $114,056,000 after buying an additional 181,600 shares in the last quarter. Aull & Monroe Investment Management Corp raised its stake in shares of ConocoPhillips by 0.7% in the fourth quarter. Aull & Monroe Investment Management Corp now owns 34,503 shares of the company’s stock worth $1,611,000 after buying an additional 250 shares in the last quarter. Finally, Neumann Capital Management LLC raised its stake in shares of ConocoPhillips by 24.2% in the fourth quarter. Neumann Capital Management LLC now owns 25,368 shares of the company’s stock worth $1,184,000 after buying an additional 4,950 shares in the last quarter.

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). The Company operates through six operating segments, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.

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