Insider Selling: Janet Langford Kelly Unloads 26,222 Shares of ConocoPhillips Stock (COP)
ConocoPhillips (NYSE:COP) SVP Janet Langford Kelly sold 26,222 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $68.40, for a total value of $1,793,584.80. Following the sale, the senior vice president now directly owns 130 shares of the company’s stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
COP has been the subject of a number of recent research reports. Analysts at TheStreet reiterated a “positive” rating on shares of ConocoPhillips (NYSE:COP) in a research note to investors on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of ConocoPhillips (NYSE:COP) in a research note to investors on Tuesday, September 3rd. They now have a $70.00 price target on the stock.
Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $69.22.
Shares of ConocoPhillips (NYSE:COP) traded down 0.52% during mid-day trading on Tuesday, hitting $68.511. The stock had a trading volume of 3,002,173 shares. ConocoPhillips has a 52-week low of $53.95 and a 52-week high of $68.92. The stock has a 50-day moving average of $66.5 and a 200-day moving average of $62.18. The company has a market cap of $83.789 billion and a P/E ratio of 11.49.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, August 1st. The company reported $1.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.26 by $0.15. During the same quarter last year, the company posted $1.22 earnings per share. On average, analysts predict that ConocoPhillips will post $5.76 earnings per share for the current fiscal year.
ConocoPhillips explores for, produces, transports and markets crude oil, natural gas, natural gas liquids, liquefied natural gas and bitumen on a worldwide basis.
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