Conoco Phillips’s recent filing unveils 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 $2.24 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 $47.54 million.
TD Cowen initiated its Conoco Phillips [COP] rating to a Buy in a research note published on January 17, 2025; the price target was $125. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “an Outperform”. Morgan Stanley began covering COP with “an Overweight” recommendation on December 16, 2024.
Price Performance Review of COP
On Tuesday, Conoco Phillips [NYSE:COP] saw its stock fall -1.48% to $104.28. Over the last five days, the stock has gained 0.05%. Conoco Phillips shares have risen nearly 5.15% since the year began. Nevertheless, the stocks have fallen -1.96% over the past one year. While a 52-week high of $134.71 was reached on 01/16/25, a 52-week low of $94.23 was recorded on 01/02/25. SMA at 50 days reached $104.54, while 200 days put it at $111.61.
Levels Of Support And Resistance For COP Stock
The 24-hour chart illustrates a support level at 103.63, which if violated will result in even more drops to 102.99. On the upside, there is a resistance level at 105.33. A further resistance level may holdings at 106.38. The Relative Strength Index (RSI) on the 14-day chart is 57.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.83%. Stochastics %K at 91.60% 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 2024-12-31, dropping by -2.26 million shares to a total of 11.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 14.25 million shares. There was a decline of -18.87%, which implies that there is a negative sentiment for the stock.
