Analyzing Market Sentiment for ConocoPhillips (COP) Stock

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
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.