ConocoPhillips (COP) has been under a strong bear grip, hence the stock is down -6.81% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.02% in the past 1 week. The stock has risen by 1.51% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.74% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 0.47% and the 50-Day Moving Average is 1.69%.
ConocoPhillips (NYSE:COP): The stock opened at $43.27 on Friday but the bulls could not build on the opening and the stock topped out at $43.49 for the day. The stock traded down to $42.68 during the day, due to lack of any buying support eventually closed down at $42.94 with a loss of -0.19% for the day. The stock had closed at $43.02 on the previous day. The total traded volume was 5,898,379 shares.
The company Insiders own 0.07% of ConocoPhillips shares according to the proxy statements. Institutional Investors own 63.56% of ConocoPhillips shares. During last six month period, the net percent change held by insiders has seen a change of 150%. 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.