Shares of ConocoPhillips (COP) Sees Large Inflow of Net Money Flow

ConocoPhillips (COP) : Investors lapped up stocks on upticks to the tune of $51.14 million in the Fridays trading session. The trading value on downticks was comparatively at $43.8 million and the uptick to downtick ratio of 1.17 indicates continuous buying by the bulls. The net money flow into the stock was $7.34 million. The block trades were dominated by the bulls with a healthy 6.96, uptick to downtick ratio. Only $0.83 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $5.77 clearly indicating buying by large investors. The total money flow for block trades stood at $4.94 million, which is a positive for the stock in the long-term. ConocoPhillips (COP) fell $0.28 during the day at $40.76, a drop of -0.68% over the previous days close. However, for the week, the stock is -5.08%, compared to the previous week.


ConocoPhillips (COP) has been rated by 12 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $71 and the lowest price target forecast is $37. The average forecast of all the analysts is $50.83 and the expected standard deviation is $9.44.

ConocoPhillips (NYSE:COP): On Fridays trading session , Opening price of the stock was $41.11 with an intraday high of $41.29. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $40.62. However, the stock managed to close at $40.76, a loss of 0.68% for the day. On the previous day, the stock had closed at $41.04. The total traded volume of the day was 7,306,131 shares.

In a related news, Murti Arjun N, director of Conocophillips, had purchased 7,500 shares on March 9, 2016. The total value of the transaction was $294,300. The information was disclosed with the SEC in a Form 4 Filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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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