Large Outflow of Money Witnessed in ConocoPhillips

ConocoPhillips (COP) : Money flow in the ConocoPhillips (COP) stock was negative (13.3 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $68.13 million, compared to $81.43 million on downticks. The total uptick to downtick ratio was 0.84, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($8.22 million), indicating selling on the strength. The transaction value during uptick in block trades was $16.03 million. Downtick transaction value in block trades amounted to $24.25 million, indicating persistent selling. The uptick to downtick ratio was 0.66. ConocoPhillips (COP) traded $1.34 higher at $43.79 gaining 3.16% over the previous days close.


The company Insiders own 0.07% of ConocoPhillips shares according to the proxy statements. Institutional Investors own 63.54% of ConocoPhillips shares. During last six month period, the net percent change held by insiders has seen a change of 150%. In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Conocophillips, Murti Arjun N had purchased shares worth of $294,300 in a transaction dated on March 9, 2016. A total of 7,500 shares were purchased at a price of $39.24 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Shares of ConocoPhillips appreciated by 5.04% during the last five trading days but lost 1.6% on a 4-week basis. ConocoPhillips is up 1.34% in the last 3-month period. Year-to-Date the stock performance stands at -4.92%.

ConocoPhillips (NYSE:COP): stock turned positive on Tuesday. Though the stock opened at $43.16, the bulls momentum made the stock top out at $44.29 level for the day. The stock recorded a low of $43.11 and closed the trading day at $43.8, in the green by 3.18%. The total traded volume for the day was 10,303,091. The stock had closed at $42.45 in the previous days trading.

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids. The Company operates through six operating segments, which are primarily defined by geographic region: Alaska, Lower 48, Canada, Europe, Asia Pacific and Middle East, and Other International. The Companys continuing operations are producing in the United States, Norway, the United Kingdom, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia, Qatar, Libya and Russia. The Company has major ownership interests in two of North Americas oil fields located on Alaskas North Slope: Prudhoe Bay and Kuparuk.

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