Too Much Too Quickly? Stock Enters Overbought Range: ConocoPhillips (NYSE:COP)

Fox Run Management L.L.C.'s holdings in ConocoPhillips were worth $1,666,000 as of its most recent filing with the Securities & Exchange Commission. Macquarie Group Ltd. now owns 15,981,830 shares of the energy producer's stock worth $797,013,000 after purchasing an additional 176,055 shares in the last quarter. Fiduciary Trust Co. boosted its position in ConocoPhillips by 40.0% during the 1st quarter. Accern also gave news articles about the energy producer an impact score of 46.9010292857691 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next few days. State Street Corp grew its position in ConocoPhillips by 3.9% during the 1st quarter. The SEC filing shows that Desanctis Ellen performed a purchase of 5,000 shares. Finally, Advisor Partners LLC grew its holdings in ConocoPhillips by 0.5% during the 1st quarter. BlueCrest Capital Management Ltd now owns 275,359 shares of the energy producer's stock valued at $13,732,000 after buying an additional 124,764 shares during the last quarter. Kovitz Investment Group Partners LLC now owns 9,839 shares of the energy producer's stock valued at $491,000 after acquiring an additional 80 shares during the period.

The company now has an insider ownership of 0.09 Percent and Institutional ownership of 70.9 Percent. This is the average number based on the total brokerage firms taken into consideration by Beta Systems Research. (NASDAQ:TSLA). At the time of writing, the First Call consensus price target for the company is $319.94. Zacks Investment Research cut shares of ConocoPhillips from a "hold" rating to a "sell" rating in a research report on Monday, July 17th. Finally, Bank of America Corporation raised shares of ConocoPhillips from a "neutral" rating to a "buy" rating and raised their price target for the company from $51.00 to $58.00 in a research note on Friday, July 28th. Piper Jaffray Companies set a $45.00 price objective on ConocoPhillips and gave the company a "buy" rating in a research note on Friday, August 25th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Current price places the company's stock -9.46% away from its 200-day simple moving average, -4.98%, away from the 50-day average and also -2.02% away from 20-day average.

Shares of ConocoPhillips (NYSE COP) opened at 49.98 on Friday. Vanguard Group Inc owns $4.44 billion in ConocoPhillips, which represents roughly 7.32% of the company's market cap and approximately 10.64% of the institutional ownership. The last close places the company's stock about $3.19 off its 52 week high of $53.17 and $10.98 above the 52 week low of $39. The stock is now moving above its 20-Day Simple Moving Average of 10.05% with a 50-Day Simple Moving Average of 11.99 percent. With ConocoPhillips (NYSE:COP) shares passing the 70 level, the stock is now considered to be in overbought territory and ripe for a potential pullback.

In an overview of the current analyst recommendations, Buy count is 2 and Overweight is 0 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively. The company had revenue of $8.88 billion for the quarter, compared to the consensus estimate of $6.74 billion. During the same quarter previous year, the firm earned ($0.79) earnings per share. On average, equities research analysts predict that ConocoPhillips will post $0.27 EPS for the current year. Shareholders of record on Monday, July 24th were paid a dividend of $0.265 per share. The ex-dividend date was Thursday, July 20th. ConocoPhillips's dividend payout ratio is presently -34.98%.

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