Traders Sell Shares of ConocoPhillips (COP) on Strength (COP)
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 research analysts have recently issued reports on COP shares. Deutsche Bank AG reissued a “buy” rating and issued a $62.00 target price on shares of ConocoPhillips in a report on Thursday, June 16th. Jefferies Group restated a “sell” rating on shares of ConocoPhillips in a research note on Thursday, June 30th. 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. Simmons lifted their price target on ConocoPhillips to $40.00 in a research note on Friday, March 25th. Finally, Zacks Investment Research upgraded ConocoPhillips from a “sell” rating to a “hold” rating in a research note on Tuesday, March 22nd. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the stock. ConocoPhillips has an average rating of “Hold” and a consensus target price of $48.92.
The stock’s 50 day moving average is $43.98 and its 200 day moving average is $41.50. The company’s market cap is $52.38 billion.
ConocoPhillips (NYSE:COP) last posted its earnings results on Thursday, April 28th. The company reported ($0.95) EPS for the quarter, missing the consensus estimate of ($0.86) by $0.09. During the same quarter in the previous year, the business posted ($0.18) earnings per share. Analysts anticipate that ConocoPhillips will post ($2.11) EPS for the current fiscal year.
Other hedge funds have bought and sold shares of the company. SPC Financial Inc. boosted its stake in ConocoPhillips by 0.7% in the fourth quarter. SPC Financial Inc. now owns 21,515 shares of the company’s stock valued at $1,005,000 after buying an additional 150 shares in the last quarter. Leisure Capital Management boosted its stake in ConocoPhillips by 5.7% in the fourth quarter. Leisure Capital Management now owns 23,084 shares of the company’s stock valued at $1,078,000 after buying an additional 1,250 shares in the last quarter. Bronfman E.L. Rothschild L.P. acquired a new stake in ConocoPhillips during the fourth quarter valued at approximately $1,113,000. Sheets Smith Wealth Management boosted its stake in ConocoPhillips by 1.1% in the fourth quarter. Sheets Smith Wealth Management now owns 24,255 shares of the company’s stock valued at $1,132,000 after buying an additional 259 shares in the last quarter. Finally, Neumann Capital Management LLC boosted its stake in ConocoPhillips by 24.2% in the fourth quarter. Neumann Capital Management LLC now owns 25,368 shares of the company’s stock valued at $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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