ConocoPhillips stock is trading -9.64% below its average target price of $129.41 after marking a 1.2% during today's afternoon session. Analysts are giving the large-cap Oil & Gas Integrated company an average rating of buy and target prices ranging from $94.0 to $153.0 per share.
The stock has a very low short interest at 0.8%, and a short ratio of 1.63. The company's insiders own 0.15% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 81.6% of ConocoPhillips's shares being owned by this investor type.
Institutions Invested in ConocoPhillips
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-03-31 | Vanguard Group Inc | 9% | 112,081,343 | $13,105,671,471 |
| 2023-03-31 | Blackrock Inc. | 8% | 90,217,947 | $10,549,184,570 |
| 2023-03-31 | JP Morgan Chase & Company | 5% | 59,843,074 | $6,997,450,661 |
| 2023-03-31 | State Street Corporation | 5% | 58,518,005 | $6,842,510,342 |
| 2023-03-31 | Wellington Management Group, LLP | 4% | 44,731,153 | $5,230,413,733 |
| 2023-03-31 | Capital World Investors | 2% | 29,099,460 | $3,402,599,866 |
| 2023-03-31 | FMR, LLC | 2% | 26,224,565 | $3,066,438,393 |
| 2023-03-31 | Massachusetts Financial Services Co. | 2% | 25,795,584 | $3,016,277,644 |
| 2023-03-31 | Capital International Investors | 2% | 24,661,581 | $2,883,678,673 |
| 2023-03-31 | Geode Capital Management, LLC | 2% | 22,421,868 | $2,621,789,032 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on ConocoPhillips.
