Large Inflow of Money Detected in ConocoPhillips

ConocoPhillips (COP) : The money flow analysis of ConocoPhillips (COP) indicates a $25.69 million of outflow was on downticks, whereas, the investors on Tuesday gobbled up stocks worth $28.41 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.11 and so was the total money flow at $2.71 million. A solid up-down ratio of 2.9 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $4.97 million worth of block trades on upticks. Only $1.71 million worth of the stock exchanged hands on downticks. The money flow was $3.26 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of ConocoPhillips (COP), pushing it down by -0.26% for the day. The stock slid $0.11 and traded at $42.24 during the day. Nonetheless, the stock is -0.14% over the previous weeks close.


Also, Equity analysts at the Brokerage firm JP Morgan upgrades its rating on ConocoPhillips (NYSE:COP). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Underweight by the brokerage firm. The rating by the firm was issued on July 11, 2016.

ConocoPhillips has dropped 2.29% in the last five trading days, however, the shares have posted positive gains of 6.61% in the last 4 weeks. ConocoPhillips has dropped 3.58% during the last 3-month period . Year-to-Date the stock performance stands at -7.78%.

ConocoPhillips (NYSE:COP): The stock opened at $42.59 on Tuesday but the bulls could not build on the opening and the stock topped out at $42.87 for the day. The stock traded down to $42.10 during the day, due to lack of any buying support eventually closed down at $42.23 with a loss of -0.28% for the day. The stock had closed at $42.35 on the previous day. The total traded volume was 5,425,830 shares.

In a related news, The Securities and Exchange Commission has divulged in a Form 4 filing that the officer (Vice President) of Conocophillips, Desanctis Ellen had purchased shares worth of $202,500 in a transaction dated on August 11, 2016. A total of 5,000 shares were purchased at a price of $40.5 per share. 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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