Large Outflow of Money Witnessed in ConocoPhillips

ConocoPhillips (NYSE:COP) surged 0.22% during the last session. The last traded price was up 0.1 points at $44.61. The data for the fund flow suggests that the net intraday money flow was $(-12.48) million. The fund value in upticks was recorded to be $21.54 million and in downticks, it was found to be $34.02 million. The up/down ratio for the day was measured to be 0.63. For the week, the shares have seen a percentage change of 0.97%.A block trade of $(-9.53) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $1.56 million and that of downticks was $11.09 million. The block tradeoff had the up/down ratio of 0.14.


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%. On the companys insider trading activities, Murti Arjun N, director of Conocophillips had purchased 7,500 shares on March 9, 2016 in a transaction. The price per share was $39.24 and the total amount of the disclosed transaction was $294,300.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

ConocoPhillips (NYSE:COP) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.63 points or 1.42% at $43.88 with 7,394,890 shares getting traded. Post opening the session at $43.96, the shares hit an intraday low of $43.8 and an intraday high of $44.96 and the price was in this range throughout the day. The company has a market cap of $54,340 million and the number of outstanding shares have been calculated to be 1,238,387,220 shares. The 52-week high of ConocoPhillips (NYSE:COP) is $64.13 and the 52-week low is $31.05.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of ConocoPhillips (NYSE:COP). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $65 per share from a prior target of $50. The rating by the firm was issued on April 29, 2016.

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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