The stock of ConocoPhillips (NYSE:COP) is a huge mover today! About 10.81M shares traded hands or 24.97% up from the average. ConocoPhillips (NYSE:COP) has declined 8.06% since April 27, 2016 and is downtrending. It has underperformed by 13.29% the S&P500.
The move comes after 6 months positive chart setup for the $58.60 billion company. It was reported on Nov, 30 by Barchart.com. We have $53.03 PT which if reached, will make NYSE:COP worth $5.27 billion more.
Analysts await ConocoPhillips (NYSE:COP) to report earnings on February, 2. They expect $-0.30 EPS, up 66.67% or $0.60 from last year’s $-0.9 per share. After $-0.66 actual EPS reported by ConocoPhillips for the previous quarter, Wall Street now forecasts -54.55% EPS growth.
ConocoPhillips (NYSE:COP) Ratings Coverage
Out of 20 analysts covering ConocoPhillips (NYSE:COP), 12 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 60% are positive. ConocoPhillips has been the topic of 46 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by Societe Generale to “Hold” on Thursday, February 4. The stock of ConocoPhillips (NYSE:COP) earned “Overweight” rating by Barclays Capital on Tuesday, January 12. The company was upgraded on Monday, August 24 by Vetr. RBC Capital Markets maintained the shares of COP in a report on Monday, October 31 with “Outperform” rating. As per Friday, April 29, the company rating was maintained by UBS. The firm has “Neutral” rating by JP Morgan given on Monday, July 11. The stock of ConocoPhillips (NYSE:COP) earned “Underperform” rating by Jefferies on Thursday, April 21. The company was maintained on Monday, October 12 by Barclays Capital. UBS maintained the shares of COP in a report on Friday, February 5 with “Neutral” rating. The company was maintained on Friday, April 29 by Citigroup.
According to Zacks Investment Research, “ConocoPhillips is a major global exploration and production (E&P) company with operations all over the world. As year-end 2014, the company had estimated proved reserves of 8.9 billion oil-equivalent barrels (BOE). Production from continuing operations, excluding Libya, averaged 1,532 thousand barrels of oil equivalent per day (MBOED) in 2014. In May 2012, ConocoPhillips completed the spin-off of its refining/sales business into a separate, independent and publicly traded company, Phillips 66 (Ticker: PSX).”
Insitutional Activity: The institutional sentiment increased to 0.8 in 2016 Q2. Its up 0.02, from 0.78 in 2016Q1. The ratio increased, as 69 funds sold all ConocoPhillips shares owned while 510 reduced positions. 81 funds bought stakes while 371 increased positions. They now own 776.95 million shares or 3.49% more from 750.77 million shares in 2016Q1.
Cubic Asset Mngmt Ltd accumulated 28,959 shares or 0.43% of the stock. The New York-based Renaissance Tech Limited Liability Corporation has invested 0.02% in ConocoPhillips (NYSE:COP). The Vermont-based Sentinel Asset has invested 0.06% in ConocoPhillips (NYSE:COP). Founders Capital Ltd Liability has 2.3% invested in the company for 93,944 shares. Capital Mgmt New York, a New York-based fund reported 11,200 shares. Neuberger Berman Grp Inc Ltd Com holds 0.02% or 345,022 shares in its portfolio. Ubs Oconnor Limited Co accumulated 0% or 231,704 shares. Lenox Wealth Advsr Inc accumulated 0% or 328 shares. Fincl Mgmt Pro holds 0.07% of its portfolio in ConocoPhillips (NYSE:COP) for 2,870 shares. Moreover, Trust Company Of Virginia Va has 0.05% invested in ConocoPhillips (NYSE:COP) for 6,245 shares. Tcw Grp Incorporated Incorporated reported 90,800 shares or 0.03% of all its holdings. Lombard Odier Asset Mgmt (Europe) Limited reported 35,114 shares or 0.08% of all its holdings. First Bankshares Of Mount Dora Tru Inv Services reported 79,661 shares or 1.99% of all its holdings. Alexandria Cap Limited Liability owns 770 shares or 0.01% of their US portfolio. Godshalk Welsh Mngmt Incorporated accumulated 0.82% or 17,888 shares.
Insider Transactions: Since July 29, 2016, the stock had 3 buys, and 0 insider sales for $957,430 net activity. On Thursday, August 11 DeSanctis Ellen bought $202,500 worth of the stock or 5,000 shares. Murti Arjun N had bought 6,500 shares worth $258,180. COPELAND JAMES E JR bought $496,750 worth of ConocoPhillips (NYSE:COP) on Monday, August 1.
More notable recent ConocoPhillips (NYSE:COP) news were published by: Seekingalpha.com which released: “ConocoPhillips’ Cash Cow At $50-Plus Brent: Oil Sands” on November 29, 2016, also Bloomberg.com with their article: “ConocoPhillips Was Right to Split” published on November 14, 2016, Cnbc.com published: “Donald Trump recognizes the energy renaissance, ConocoPhillips CEO says” on November 10, 2016. More interesting news about ConocoPhillips (NYSE:COP) were released by: Investorplace.com and their article: “3 Stocks to Watch on Monday: ConocoPhillips (COP), Time Inc (TIME) and Domino …” published on November 28, 2016 as well as Seekingalpha.com‘s news article titled: “ConocoPhillips Can Drop To $40 (And Even Lower) If This Happens” with publication date: November 28, 2016.
COP Company Profile
ConocoPhillips (ConocoPhillips), incorporated on November 16, 2001, is an independent exploration and production company. The Firm explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG) and natural gas liquids on a worldwide basis. The Firm operates through six operating divisions, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International. The Company’s continuing activities are producing in the United States, Norway, the United Kingdom, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia and Qatar. The Company’s portfolio includes North American unconventional assets and oil sands assets in Canada; assets in North America, Europe, Asia and Australia; several international developments, and an inventory of global conventional and unconventional exploration prospects.
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