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Are Investors Buying or Selling ConocoPhillips (COP), and What Should You Do?

Recent insider trends for ConocoPhillips (NYSE:COP) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how COP might perform in the future.

Institutions own 70.68% of ConocoPhillips (COP)’s shares. The total value of these holdings, in millions, is $44,777. Among active positions in the latest quarter, 476 holders increased their positions by a total of 53.08 million shares, 733 holders decreased the positions by a total of 43.39 million shares, and 177 holders held their positions. This works out to a net increase in ownership of 9.68 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 90 holders initiated new positions by a total of 3.82 million shares and 92 holders exited their positions by a total of 4.37 million shares. This nets out to a decrease of 544193 shares and is another bearish sign for COP.

Insider ownership increased by a total of 0 shares, which suggests that COP’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story:  ownership decreased by a net of 403812 shares.



Comparing the number of shares sold short over time is a method analysts often use to get a reading on investor sentiment. ConocoPhillips (NYSE:COP)’s short interest is 26.17 million shares, or % of the float. This represents a decrease of -19% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Supplementing insider data with technical indicators can help an investor form a more complete view on the outlook for a stock. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that COP is a Strong buy, which implies that COP is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that ConocoPhillips (NYSE:COP) is undervalued.

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