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Conoco Phillips (COP) receives an Outperform rating from Wolfe Research

In a filing, Conoco Phillips revealed its Director LEACH TIMOTHY A unloaded Company’s shares for reported $6.0 million on Aug 13 ’24. In the deal valued at $108.11 per share,55,500 shares were sold. As a result of this transaction, LEACH TIMOTHY A now holds 455,909 shares worth roughly $51.21 million.

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Then, Timothy Allen Leach bought 66,757 shares, generating $7,345,273 in total proceeds.

Before that, Olds Nicholas G sold 12,150 shares. Conoco Phillips shares valued at $1,536,280 were divested by the Executive Vice President at a price of $126.44 per share. As a result of the transaction, Olds Nicholas G now holds 14,522 shares, worth roughly $1.63 million.

Barclays began covering COP with “an Overweight” recommendation on April 10, 2024. Johnson Rice revised its rating on December 14, 2023. It rated COP as “a Hold” which previously was an “a Accumulate”.

Price Performance Review of COP

On Friday, Conoco Phillips [NYSE:COP] saw its stock fall -0.53% to $112.32. Over the last five days, the stock has gained 0.65%. Conoco Phillips shares have fallen nearly -2.72% since the year began. Nevertheless, the stocks have fallen -1.84% over the past one year. While a 52-week high of $134.71 was reached on 04/12/24, a 52-week low of $101.29 was recorded on 09/11/24. SMA at 50 days reached $108.00, while 200 days put it at $114.40.

Levels Of Support And Resistance For COP Stock

The 24-hour chart illustrates a support level at 111.44, which if violated will result in even more drops to 110.57. On the upside, there is a resistance level at 113.63. A further resistance level may holdings at 114.95. The Relative Strength Index (RSI) on the 14-day chart is 58.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.06%. Stochastics %K at 80.85% indicates the stock is a selling.

How much short interest is there in Conoco Phillips?

A steep rise in short interest was recorded in Conoco Phillips stocks on 2024-10-31, growing by 1.09 million shares to a total of 22.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 21.27 million shares. There was a rise of 4.87%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on November 14, 2023 when Johnson Rice began covering the stock and recommended ‘”a Accumulate”‘ rating along with a $135 price target.

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