ConocoPhillips (NYSE:COP) has tumbled 0.81% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.31% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.38% and the outperformance has advanced to 0.38% for the last 4 weeks period.
ConocoPhillips (NYSE:COP): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.60 and $43.51 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.74. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.15, notching a gain of 2.29% for the day. The total traded volume was 9,672,799 . The stock had closed at $43.16 on the previous day.
The company shares have dropped -29.19% from its 1 Year high price. On Jun 24, 2015, the shares registered one year high at $63.55 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $44.39 and the 200 Day Moving Average price is recorded at $42.28.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Conocophillips, Murti Arjun N, had purchased 7,500 shares in a transaction dated on March 9, 2016. The transaction was executed at $39.24 per share with total amount equaling $294,300.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Citigroup maintains the rating on ConocoPhillips (NYSE:COP). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $50 per share to $65 per share. The rating by the firm was issued on April 29, 2016. Currently the company Insiders own 0.07% of ConocoPhillips shares according to the proxy statements. Institutional Investors own 63.6% of ConocoPhillips shares. During last six month period, the net percent change held by insiders has seen a change of 150%.
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.