This afternoon we watched ConocoPhillips drop -2.1% to a price of $101.83 per share. The Large-Cap Oil & Gas Integrated company is now trading -23.2% below its average target price of $132.59. Analysts have set target prices ranging from $114.0 to $165.0 per share for ConocoPhillips, and have given the stock an average rating of buy.
The stock has a very low short interest at 0.9%, and a short ratio of 1.57. At 0.08%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that an average number of institutional investors are invested in the stock, with 75.6% of ConocoPhillips's shares being owned by this investor type.
Institutions Invested in ConocoPhillips
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 9% | 109,074,942 | $11,107,101,543 |
| 2024-09-30 | Blackrock Inc. | 8% | 96,300,830 | $9,806,313,695 |
| 2024-09-30 | State Street Corporation | 6% | 66,928,793 | $6,815,359,113 |
| 2024-09-30 | JP Morgan Chase & Company | 4% | 47,189,229 | $4,805,279,275 |
| 2024-09-30 | Price (T.Rowe) Associates Inc | 4% | 40,298,494 | $4,103,595,717 |
| 2024-09-30 | Wellington Management Group, LLP | 3% | 31,161,897 | $3,173,216,028 |
| 2024-09-30 | Capital International Investors | 3% | 29,814,086 | $3,035,968,431 |
| 2024-09-30 | Massachusetts Financial Services Co. | 2% | 26,607,884 | $2,709,480,876 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 24,733,928 | $2,518,655,933 |
| 2024-09-30 | Bank of America Corporation | 2% | 19,496,286 | $1,985,306,839 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on ConocoPhillips.
