Were Analysts Bearish ConocoPhillips (NYSE:COP) This Week?

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Investors sentiment decreased to 0.88 in 2019 Q2. Its down 0.05, from 0.93 in 2019Q1. It worsened, as 82 investors sold ConocoPhillips shares while 448 reduced holdings. 103 funds opened positions while 366 raised stakes. 756.10 million shares or 3.16% less from 780.75 million shares in 2019Q1 were reported.
Tci Wealth Advsr holds 0.12% in ConocoPhillips (NYSE:COP) or 4,213 shares. Point72 Asset Management Limited Partnership holds 1.29% of its portfolio in ConocoPhillips (NYSE:COP) for 4.03M shares. 17,453 are owned by Gofen & Glossberg Limited Il. Next Group Incorporated Inc has 0.1% invested in ConocoPhillips (NYSE:COP). Karpas Strategies Ltd has invested 0.62% in ConocoPhillips (NYSE:COP). Zeke Cap Advsr Llc invested 0.12% in ConocoPhillips (NYSE:COP). River & Mercantile Asset Mgmt Ltd Liability Partnership, a United Kingdom-based fund reported 40,343 shares. Braun Stacey has invested 0.91% in ConocoPhillips (NYSE:COP). Ccm Invest Advisers Ltd Liability Com owns 132,399 shares. Wharton Business Group Limited Company invested in 0.08% or 13,275 shares. Greatmark Investment Incorporated accumulated 29,410 shares. Royal State Bank Of Scotland Grp Public Limited Company, a United Kingdom-based fund reported 377,980 shares. Caisse De Depot Et Placement Du Quebec invested 0.1% of its portfolio in ConocoPhillips (NYSE:COP). Arvest Natl Bank Tru Division holds 286,114 shares. Paloma Prtn Mngmt Co holds 0.04% or 39,776 shares.

ConocoPhillips (NYSE:COP) Ratings Coverage

Among 5 analysts covering Conocophillips (NYSE:COP), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Conocophillips has $8400 highest and $77 lowest target. $79.40’s average target is 38.47% above currents $57.34 stock price. Conocophillips had 12 analyst reports since March 20, 2019 according to SRatingsIntel. The stock has “Overweight” rating by Morgan Stanley on Thursday, May 16. The firm has “Buy” rating by Societe Generale given on Wednesday, March 20. The firm has “Overweight” rating by Morgan Stanley given on Friday, July 12. The firm has “Overweight” rating given on Tuesday, July 9 by JP Morgan. Mizuho upgraded ConocoPhillips (NYSE:COP) on Wednesday, June 26 to “Buy” rating. Below is a list of ConocoPhillips (NYSE:COP) latest ratings and price target changes.

19/08/2019 Broker: Barclays Capital Rating: Overweight New Target: $79.0000 Initiates Coverage On
17/07/2019 Broker: Bank of America Old Rating: Neutral New Rating: Buy Upgrade
12/07/2019 Broker: Morgan Stanley Rating: Overweight Old Target: $84.0000 New Target: $81.0000 Maintain
09/07/2019 Broker: JP Morgan Rating: Overweight Old Target: $83.0000 New Target: $80.0000 Maintain
26/06/2019 Broker: Mizuho Old Rating: Neutral New Rating: Buy Old Target: $74.0000 New Target: $80.0000 Upgrade
16/05/2019 Broker: Morgan Stanley Rating: Overweight Old Target: $83.0000 New Target: $84.0000 Maintain
14/05/2019 Broker: BidaskScore Rating: Hold Upgrade
01/05/2019 Broker: Credit Suisse Old Rating: Neutral New Rating: Outperform Upgrade
03/04/2019 Broker: BidaskScore Rating: Hold Downgrade
28/03/2019 Broker: BidaskScore Rating: Buy Upgrade

The stock increased 1.76% or $0.99 during the last trading session, reaching $57.34. About 7.21M shares traded or 19.11% up from the average. ConocoPhillips (NYSE:COP) has declined 18.25% since September 13, 2018 and is downtrending. It has underperformed by 18.25% the S&P500.

ConocoPhillips explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas , and natural gas liquids worldwide. The company has market cap of $63.66 billion. The Company’s portfolio includes North American tight oil and oil sands assets; lower-risk conventional assets in North America, Europe, Asia, and Australia; various LNG developments; and an inventory of conventional and unconventional exploration prospects. It has a 9.25 P/E ratio.

More recent ConocoPhillips (NYSE:COP) news were published by: Seekingalpha.com which released: “World Bank tribunal lowers ConocoPhillips award – Seeking Alpha” on September 03, 2019. Also Finance.Yahoo.com published the news titled: “This Oil Stock Continues to Prove It’s a Cash Flow-Gushing Machine – Yahoo Finance” on August 17, 2019. Finance.Yahoo.com‘s news article titled: “Is ConocoPhillips’s (NYSE:COP) 2.2% Dividend Worth Your Time? – Yahoo Finance” with publication date: August 04, 2019 was also an interesting one.

ConocoPhillips (NYSE:COP) Institutional Positions Chart

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