ConocoPhillips (COP) : Fridays money flow data in ConocoPhillips (COP) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $67.93 million, whereas, $46.2 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.47, in favor of the bulls. The total money flow into the stock was $21.73 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $21.03 million. The total value of block trades done on upticks was $27.86 million. The value of bearish trades on downticks was only $6.84 million.The up/down ratio in the block trades was a healthy 4.08 in favor of the bulls, suggesting strong buying in the stock by large traders. ConocoPhillips (COP) fell $0.45 and traded at $40.6, down -1.1% for the day, over previous days close. On a weekly basis, the shares are -4.02% over the previous weeks close.
The company Insiders own 0.07% of ConocoPhillips shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 44.42% . Institutional Investors own 63.95% of ConocoPhillips shares. During last six month period, the net percent change held by insiders has seen a change of 44.42%.
In a related news, The director, of Conocophillips, Faraci John V had unloaded 3,910 shares at $37.41 per share in a transaction on December 29, 2015. The total value of transaction was $146,273. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
ConocoPhillips (NYSE:COP): The stock opened at $41.15 and touched an intraday high of $41.31 on Friday. During the day, the stock corrected to an intraday low of $40.82, however, the bulls stepped in and pushed the price higher to close in the green at $40.92 with a gain of 0.79% for the day. The total traded volume for the day was 5,606,749. The stock had closed at $40.6 in the previous trading session.
ConocoPhillips (COP) has risen sharply, recording gains of 0.79% in the past 4 weeks. However, the stock has corrected -3.26% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.92% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
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.