ConocoPhillips (NYSE:COP) recovered 6.29% of its value since hitting low of $56.75. The recent move of 0.9% gain helped the stock to close at $60.32 when trading ended on 7/18/2019. At a recent session, the prices were hovering between $59.79 and $60.44. This company shares are 28.8% off its target price of $77.69 and the current market capitalization stands at $68.73B. The recent change has given its price a -0.19% deficit over SMA 50 and -24.83% deficit over its 52-week high. The stock witnessed 0.82% gains, -8.3% declines and -8.13% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found COP’s volatility during a week at 1.56% and during a month it has been found around 1.83%.
What Does ConocoPhillips (COP) Do?
The company describes itself in regulatory filings as, “ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East; Other International; and Corporate & Other. The Alaska segment primarily explores for, produces, transports and markets crude oil, natural gas and natural gas liquids. The Lower 48 segment is consist of operations in the U.S. Lower 48 states and the Gulf od Mexico. The Canada segment is comprised of oil sands development in the Athabasca Region of northeastern Alberta and a liquids-rich unconventional play in western Canada. The Europe and North Africa segment is consist of operations and exploration activities in Norway, the United Kingdom and Libya. The Asia Pacific and Middle East segment has explorations and product operations in China, Indonesia, Malaysia and Australia; production operations in Qatar and Timor-Leste; and exploration activities in Brunei. The Other International segment handles exploration activities in Columbia and Chile. The Corporate and Other segment is comprised of interest expense, premiums incurred on the early retirement of debt, corporate overhead, certain technology activities, as well as licensing revenues received. The company was founded in 1875 and is headquartered in Houston, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/COP/profile under company description.]ConocoPhillips (COP) Top Holders
Institutional investors currently hold around $49.51 billion or 74.6% in COP stock. Look at its top three institutional owners: Vanguard Group Inc owns $5.38 billion in ConocoPhillips, which represents roughly 7.83% of the company’s market cap and approximately 10.87% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 76,891,401 shares of the stock are valued at $4.6 billion. The third largest holder is State Street Corp, which currently holds $3.35 billion worth of this stock and that ownership represents nearly 4.87% of its market capitalization.ConocoPhillips 13F Filings
At the end of March reporting period, 688 institutional holders increased their position in ConocoPhillips (NYSE:COP) by some 56,733,542 shares, 759 decreased positions by 64,807,588 and 250 held positions by 706,655,978. That puts total institutional holdings at 828,197,108 shares, according to SEC filings. The stock grabbed 136 new institutional investments totaling 7,801,957 shares while 87 institutional investors sold out their entire positions totaling 2,663,387 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 18,882 shares of ConocoPhillips (COP) in the trading session dated Sep. 10, 2018. These shares are worth $1,343,454 and were traded at $71.15 each. The SEC filing shows that KELLY JANET LANGFORD performed a sale of 50,000 shares. The SVP & General Counsel disposed these shares by way of transaction on Aug. 22, 2018. The company’s shares were given away at $72.37 per share worth to an income of some $3,618,500 to the account of KELLY JANET LANGFORD.
Executive Vice President, Wallette Don E Jr., sold 59,432 common shares of ConocoPhillips (COP) in the open market. In a transaction dated Aug. 22, 2018, the shares were put up for sale at an average price of $71.87, raking in a sum of $4,271,378. After this sale, 54,926 common shares of COP are directly owned by the insider, with total stake valued at $3,313,136.
In the transaction dated Aug. 22, 2018, a great number of shares sold came courtesy the Chairman and CEO; Lance Ryan Michael disposed a total of 160,064 shares at an average price of $72.07, amounting to approximately $11,535,812. The insider now directly owns 107,697 shares worth $6,496,286.ConocoPhillips (COP) Analyst Guide
Several analysts have released their opinion on ConocoPhillips (NYSE:COP), with 6 analysts believing it is a strong buy. Whereas 6 of them predict the stock is a hold. Also, there are 7 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation [T1].