Insider Selling: Janet Langford Kelly Sells 31,924 Shares of ConocoPhillips Stock (COP)
ConocoPhillips (NYSE:COP) SVP Janet Langford Kelly unloaded 31,924 shares of ConocoPhillips stock on the open market in a transaction dated Friday, June 6th. The shares were sold at an average price of $80.82, for a total value of $2,580,097.68. Following the completion of the sale, the senior vice president now directly owns 130 shares in the company, valued at approximately $10,507. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
ConocoPhillips (NYSE:COP) traded up 0.01% during mid-day trading on Monday, hitting $80.85. 3,213,353 shares of the company’s stock traded hands. ConocoPhillips has a 1-year low of $58.71 and a 1-year high of $81.18. The stock’s 50-day moving average is $77.44 and its 200-day moving average is $70.83. The company has a market cap of $99.260 billion and a P/E ratio of 11.00.
ConocoPhillips (NYSE:COP) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.25. During the same quarter in the previous year, the company posted $1.42 earnings per share. Analysts expect that ConocoPhillips will post $6.39 EPS for the current fiscal year.
A number of research firms have recently commented on COP. Analysts at Citigroup Inc. raised their price target on shares of ConocoPhillips from $85.00 to $95.00 in a research note on Friday. Separately, analysts at Oppenheimer raised their price target on shares of ConocoPhillips from $85.00 to $90.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at Societe Generale raised their price target on shares of ConocoPhillips from $79.00 to $90.00 in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $83.06.
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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