Conoco Phillips’s filing revealed that its Director Murti Arjun N acquired Company’s shares for reported $0.24 million on Dec 20 ’24. In the deal valued at $95.87 per share,2,500 shares were bought. As a result of this transaction, Murti Arjun N now holds 21,500 shares worth roughly $2.19 million.
Then, WALKER R A bought 10,400 shares, generating $1,017,161 in total proceeds. Upon buying the shares at $97.80, the Director now owns 38,000 shares.
Before that, LEACH TIMOTHY A sold 55,500 shares. Conoco Phillips shares valued at $6,000,255 were divested by the Director at a price of $108.11 per share. As a result of the transaction, LEACH TIMOTHY A now holds 455,909 shares, worth roughly $46.47 million.
Mizuho upgraded its Conoco Phillips [COP] rating to an Outperform from a a Neutral in a research note published on December 16, 2024; the price target was increased to $134 from $132. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid December with a ‘”an Overweight”‘ rating. JP Morgan revised its rating on December 05, 2024. It rated COP as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of COP
On Friday, Conoco Phillips [NYSE:COP] saw its stock jump 0.30% to $101.92. Over the last five days, the stock has gained 1.84%. Conoco Phillips shares have risen nearly 2.77% since the year began. Nevertheless, the stocks have fallen -9.13% over the past one year. While a 52-week high of $134.71 was reached on 01/10/25, a 52-week low of $94.23 was recorded on 01/02/25. SMA at 50 days reached $104.75, while 200 days put it at $112.31.
Levels Of Support And Resistance For COP Stock
The 24-hour chart illustrates a support level at 100.59, which if violated will result in even more drops to 99.27. On the upside, there is a resistance level at 103.84. A further resistance level may holdings at 105.77. The Relative Strength Index (RSI) on the 14-day chart is 53.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.68%. Stochastics %K at 84.77% 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 2024-12-13, dropping by -11.86 million shares to a total of 13.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 24.87 million shares. There was a decline of -91.24%, which implies that there is a negative sentiment for the stock.
