Short Interest Worth Watching: Conocophillips (NYSE:COP) Sellers Increased By 0.78% Their Shorts

November 30, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Worth Watching: Conocophillips (NYSE:COP) Sellers Increased By 0.78% Their Shorts

The stock of Conocophillips (NYSE:COP) registered an increase of 0.78% in short interest. COP’s total short interest was 17.33 million shares in November as published by FINRA. Its up 0.78% from 17.19M shares, reported previously. With 9.50 million shares average volume, it will take short sellers 2 days to cover their COP’s short positions. The short interest to Conocophillips’s float is 1.4%. About 14,601 shares traded hands. ConocoPhillips (NYSE:COP) has declined 8.06% since April 27, 2016 and is downtrending. It has underperformed by 13.29% the S&P500.

ConocoPhillips is an independent exploration and production company. The company has a market cap of $54.50 billion. The Firm explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). It currently has negative earnings. The Firm operates through six operating divisions, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.

Insitutional Activity: The institutional sentiment increased to 0.8 in 2016 Q2. Its up 0.02, from 0.78 in 2016Q1. The ratio increased, as 69 funds sold all ConocoPhillips shares owned while 510 reduced positions. 81 funds bought stakes while 371 increased positions. They now own 776.95 million shares or 3.49% more from 750.77 million shares in 2016Q1.
Spc Incorporated last reported 0.28% of its portfolio in the stock. Howland Capital Mngmt Ltd accumulated 5,659 shares or 0.02% of the stock. First Natl has 0.38% invested in the company for 57,050 shares. Proshare Advisors Lc reported 218,682 shares or 0.12% of all its holdings. Prospector Prns Limited Co has 0.08% invested in the company for 10,500 shares. Pinnacle Partners accumulated 48,701 shares or 0.48% of the stock. Dodge Cox has 0% invested in the company for 26,788 shares. Moreover, Alphamark Ltd Llc has 0.01% invested in ConocoPhillips (NYSE:COP) for 250 shares. Veritable Limited Partnership accumulated 183,410 shares or 0.2% of the stock. Solaris Asset Ltd Liability Co holds 2.76% or 87,884 shares in its portfolio. Central National Bank And Company, a Kentucky-based fund reported 405 shares. Hallmark Management last reported 4,025 shares in the company. Rocky Mountain Advisers Limited Liability Corp reported 996 shares or 0.23% of all its holdings. First Retail Bank Sioux Falls holds 0.37% or 2,741 shares in its portfolio. Geode Ltd Liability Company accumulated 0.24% or 10.23M shares.

Insider Transactions: Since July 29, 2016, the stock had 3 insider purchases, and 0 insider sales for $957,430 net activity. $496,750 worth of shares were bought by COPELAND JAMES E JR on Monday, August 1. Shares for $202,500 were bought by DeSanctis Ellen on Thursday, August 11. Another trade for 6,500 shares valued at $258,180 was bought by Murti Arjun N.

ConocoPhillips (NYSE:COP) Ratings Coverage

Out of 20 analysts covering ConocoPhillips (NYSE:COP), 12 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 60% are positive. ConocoPhillips has been the topic of 46 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was initiated by Bernstein with “Outperform” on Friday, August 7. The company was upgraded on Wednesday, September 7 by Jefferies. The rating was downgraded by Vetr to “Strong-Buy” on Monday, August 31. The rating was maintained by UBS with “Neutral” on Friday, February 5. The firm has “Buy” rating given on Monday, November 28 by Goldman Sachs. Argus Research maintained it with “Buy” rating and $65 target price in Wednesday, December 9 report. Deutsche Bank maintained it with “Buy” rating and $62 target price in Tuesday, March 29 report. Wolfe Research downgraded ConocoPhillips (NYSE:COP) on Thursday, February 11 to “Peer Perform” rating. The rating was maintained by JP Morgan on Tuesday, December 15 with “Underweight”. JP Morgan upgraded the stock to “Neutral” rating in Monday, July 11 report.

COP Company Profile

ConocoPhillips (ConocoPhillips), incorporated on November 16, 2001, is an independent exploration and production company. The Firm explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG) and natural gas liquids on a worldwide basis. The Firm operates through six operating divisions, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International. The Company’s continuing activities are producing in the United States, Norway, the United Kingdom, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia and Qatar. The Company’s portfolio includes North American unconventional assets and oil sands assets in Canada; assets in North America, Europe, Asia and Australia; several international developments, and an inventory of global conventional and unconventional exploration prospects.

More notable recent ConocoPhillips (NYSE:COP) news were published by: Chron.com which released: “ConocoPhillips to leave headquarters for smaller Energy Corridor location” on November 29, 2016, also Bloomberg.com with their article: “ConocoPhillips Was Right to Split” published on November 14, 2016, Cnbc.com published: “Donald Trump recognizes the energy renaissance, ConocoPhillips CEO says” on November 10, 2016. More interesting news about ConocoPhillips (NYSE:COP) were released by: Investorplace.com and their article: “3 Stocks to Watch on Monday: ConocoPhillips (COP), Time Inc (TIME) and Domino …” published on November 28, 2016 as well as Seekingalpha.com‘s news article titled: “ConocoPhillips Can Drop To $40 (And Even Lower) If This Happens” with publication date: November 28, 2016.

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