811 hedge funds sold their entire positions in ConocoPhillips (COP)

ConocoPhillips (NYSE:COP) went up to recover about 54.64% since recording its record low price of $42.26. The stock experienced -4.07% slump, arriving at $65.36 on 06/15/2018. During the day, the stock price traveled from $65.21 to $67.8. This company shares are 13.75% off its target price of $74.35 and the current market capitalization stands at $77.11B. The recent change has given its price a -2.36% deficit over SMA 50 and -8.86% deficit over its 52-week high. The stock witnessed -6.43% declines, 18.99% gains and 26.47% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found COP’s volatility during a week at 2.57% and during a month it has been found around 2.34%.

ConocoPhillips (COP) Top Holders

Institutional investors currently hold around $55.53 billion or 73.2% in COP stock. Look at its top three institutional owners. Vanguard Group Inc owns $6.02 billion in ConocoPhillips, which represents roughly 7.8% of the company’s market cap and approximately 10.84% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 84,223,776 shares of the stock are valued at $5.5 billion. The third largest holder is State Street Corp, which currently holds $3.66 billion worth of this stock and that ownership represents nearly 4.74% of its market capitalization.

ConocoPhillips 13F Filings

At the end of March reporting period, 540 institutional holders increased their position in ConocoPhillips (NYSE:COP) by some 56,811,905 shares, 811 decreased positions by 43,370,948 and 191 held positions by 749,455,520. That puts total institutional holdings at 849,638,373 shares, according to SEC filings. The stock grabbed 109 new institutional investments totaling 6,249,487 shares while 85 institutional investors sold out their entire positions totaling 2,211,653 shares.

ConocoPhillips (NYSE:COP) Insider Trades

Multiple company employees have indulged in significant insider trading. ConocoPhillips disclosed in a document filed with the US Securities and Exchange Commission (SEC) that VP & Controller Schwarz Glenda Mae has sold 6,763 shares of ConocoPhillips (COP) in trading session dated May. 25, 2018. These shares are worth $439,866 and were traded at $65.04 each. The SEC filing shows that Kelly Janet Langford performed a sale of 49,496 shares. The SVP & General Counsel disposed these shares by way of transaction on May. 22, 2018. The company’s shares were given away at $71 per share worth to an income of some $3,514,216 on account of Kelly Janet Langford.

SVP & General Counsel, Kelly Janet Langford, sold 504 common shares of ConocoPhillips (COP) in the open market. In a transaction dated May. 17, 2018, the shares were put up for sale at an average price of $71, raking in a sum of $35,784. After this sale, 559,107 common shares of COP are directly owned by the insider, with total stake valued at $36,543,234.

In the transaction dated May. 10, 2018, the great number of shares disposed came courtesy the SVP & General Counsel; Kelly Janet Langford disposed a total of 114,184 shares at an average price of $69.78, amounting to approximately $7,967,760. The insider now directly owns 559,107 shares worth $36,543,234.

ConocoPhillips (COP) Analyst Guide

Several analysts have released their opinion on ConocoPhillips (NYSE:COP), with 9 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.73 average brokerage recommendation.