This evening we watched ConocoPhillips drop -1.2% to a price of $113.61 per share. The Large-Cap Oil & Gas Integrated company is now trading -20.96% below its average target price of $143.74. Analysts have set target prices ranging from $125.0 to $166.0 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 1.4%. The stock's short ratio is 2.75. The company's insiders own 0.13% 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 83.3%. In conclusion, we believe there is positive market sentiment regarding ConocoPhillips.
Institutions Invested in ConocoPhillips
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 9% | 109,166,877 | $12,402,448,962 |
| 2024-03-31 | Blackrock Inc. | 8% | 97,829,146 | $11,114,369,336 |
| 2024-03-31 | State Street Corporation | 6% | 70,324,860 | $7,989,607,387 |
| 2024-03-31 | JP Morgan Chase & Company | 4% | 50,402,070 | $5,726,179,203 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 3% | 32,192,580 | $3,657,399,033 |
| 2024-03-31 | Wellington Management Group, LLP | 2% | 28,711,817 | $3,261,949,546 |
| 2024-03-31 | Massachusetts Financial Services Co. | 2% | 27,282,703 | $3,099,587,904 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 23,671,378 | $2,689,305,269 |
| 2024-03-31 | Capital International Investors | 2% | 21,252,822 | $2,414,533,120 |
| 2024-03-31 | Bank of America Corporation | 2% | 19,070,649 | $2,166,616,444 |
