This afternoon we watched ConocoPhillips rise 1.7% to a price of $101.53 per share. The large-cap Oil & Gas Integrated company is now trading -21.62% below its average target price of $129.54. Analysts have set target prices ranging from $94.0 to $165.0 per share for ConocoPhillips, and have given the stock an average rating of buy.
ConocoPhillips's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.9%. The stock's short ratio is 1.71. The company's insiders own 0.14% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 82.8%. In conclusion, we believe there is positive market sentiment regarding ConocoPhillips.
Institutions Invested in ConocoPhillips
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group, Inc. (The) | 9% | 112,078,164 | $11,379,295,854 |
| 2023-03-31 | Blackrock Inc. | 7% | 90,217,947 | $9,159,828,048 |
| 2023-03-31 | JP Morgan Chase & Company | 5% | 59,843,074 | $6,075,867,230 |
| 2023-03-31 | State Street Corporation | 5% | 58,518,005 | $5,941,332,976 |
| 2023-03-31 | Wellington Management Group, LLP | 4% | 44,731,153 | $4,541,553,909 |
| 2023-03-31 | Capital World Investors | 2% | 29,099,460 | $2,954,468,138 |
| 2023-03-31 | FMR, LLC | 2% | 26,224,565 | $2,662,580,052 |
| 2023-03-31 | Massachusetts Financial Services Co. | 2% | 25,795,584 | $2,619,025,612 |
| 2023-03-31 | Capital International Investors | 2% | 24,661,581 | $2,503,890,288 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 22,421,868 | $2,276,492,230 |
