In a filing, Conoco Phillips revealed 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 $46.37 million.
Raymond James downgraded its Conoco Phillips [COP] rating to an Outperform from a a Strong buy in a research note published on February 10, 2025; the price target was decreased to $124 from $157. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. Mizuho also remained covering COP and has increased its forecast on December 16, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Morgan Stanley started covering the stock on December 16, 2024. It rated COP as “an Overweight”.
Price Performance Review of COP
On Tuesday, Conoco Phillips [NYSE:COP] saw its stock jump 2.24% to $101.71. Over the last five days, the stock has gained 1.12%. Conoco Phillips shares have risen nearly 2.56% since the year began. Nevertheless, the stocks have fallen -10.23% 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 02/03/25. SMA at 50 days reached $101.33, while 200 days put it at $109.37.
Levels Of Support And Resistance For COP Stock
The 24-hour chart illustrates a support level at 99.74, which if violated will result in even more drops to 97.77. On the upside, there is a resistance level at 103.14. A further resistance level may holdings at 104.58. The Relative Strength Index (RSI) on the 14-day chart is 51.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 44.67%. Stochastics %K at 33.14% indicates the stock is a holding.
How much short interest is there in Conoco Phillips?
A steep rise in short interest was recorded in Conoco Phillips stocks on 2025-01-15, dropping by 2007.0 shares to a total of 13.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 13.0 million shares. There was a decline of -0.02%, which implies that there is a negative sentiment for the stock.
