Is ConocoPhillips a Sell? The Stock Had Bearish Options Activity Today

 Is ConocoPhillips a Sell? The Stock Had Bearish Options Activity Today

In today’s session ConocoPhillips (COP) recorded an unusually high (293) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious COP decrease. With 293 contracts traded and 69044 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: COP170120P00042500 closed last at: $0.93 or 3.1% down. About 5.72 million shares traded hands. ConocoPhillips (NYSE:COP) has declined 1.12% since April 25, 2016 and is downtrending. It has underperformed by 7.14% the S&P500.

Analysts await ConocoPhillips (NYSE:COP) to report earnings on February, 2. They expect $-0.30 EPS, up 66.67% or $0.60 from last year’s $-0.9 per share. After $-0.66 actual EPS reported by ConocoPhillips for the previous quarter, Wall Street now forecasts -54.55% EPS growth.

ConocoPhillips (NYSE:COP) Ratings Coverage

Out of 20 analysts covering ConocoPhillips (NYSE:COP), 12 rate it a “Buy”, 1 “Sell”, while 7 “Hold”. This means 60% are positive. ConocoPhillips has been the topic of 46 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Deutsche Bank maintained the shares of COP in a report on Tuesday, March 29 with “Buy” rating. The stock of ConocoPhillips (NYSE:COP) earned “Peer Perform” rating by Wolfe Research on Thursday, February 11. As per Monday, October 31, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Vetr to “Buy” on Monday, August 24. The firm has “Sector Perform” rating by Howard Weil given on Friday, February 5. The firm earned “Underperform” rating on Tuesday, November 15 by CLSA. The firm earned “Overweight” rating on Monday, October 12 by Barclays Capital. The company was upgraded on Monday, July 11 by JP Morgan. As per Friday, August 7, the company rating was initiated by Bernstein. UBS maintained the stock with “Neutral” rating in Friday, April 29 report.

According to Zacks Investment Research, “ConocoPhillips is a major global exploration and production (E&P) company with operations all over the world. As year-end 2014, the company had estimated proved reserves of 8.9 billion oil-equivalent barrels (BOE). Production from continuing operations, excluding Libya, averaged 1,532 thousand barrels of oil equivalent per day (MBOED) in 2014. In May 2012, ConocoPhillips completed the spin-off of its refining/sales business into a separate, independent and publicly traded company, Phillips 66 (Ticker: PSX).”

Insitutional Activity: The institutional sentiment increased to 0.8 in Q2 2016. Its up 0.02, from 0.78 in 2016Q1. The ratio increased, as 69 funds sold all ConocoPhillips shares owned while 510 reduced positions. 81 funds bought stakes while 371 increased positions. They now own 776.95 million shares or 3.49% more from 750.77 million shares in 2016Q1.
Hsbc Public Limited Co holds 1.48M shares or 0.18% of its portfolio. Philadelphia Trust holds 0.03% of its portfolio in ConocoPhillips (NYSE:COP) for 7,765 shares. Karpas Strategies Limited Liability Corp has invested 0.53% of its portfolio in ConocoPhillips (NYSE:COP). Jfs Wealth Advisors Limited Liability Corporation holds 34 shares or 0% of its portfolio. Bourgeon Mgmt Ltd Liability Corporation has 0.62% invested in the company for 22,032 shares. Raab Moskowitz Asset Mngmt Limited Liability Com, a New Jersey-based fund reported 8,527 shares. Delta Cap Mgmt Ltd Liability Company has 40,319 shares for 1.35% of their US portfolio. Bryn Mawr Trust Com has invested 0.07% of its portfolio in ConocoPhillips (NYSE:COP). Moreover, Guardian Investment Management has 0.8% invested in ConocoPhillips (NYSE:COP) for 16,486 shares. Logan Cap accumulated 0.13% or 36,654 shares. Jolley Asset Ltd Liability Corp accumulated 61,202 shares or 2.15% of the stock. Cambridge Trust, a Massachusetts-based fund reported 20,682 shares. Bath Savings Trust Company last reported 6,732 shares in the company. Wetherby Asset Mgmt Incorporated holds 0.23% of its portfolio in ConocoPhillips (NYSE:COP) for 23,302 shares. Blackrock Japan Ltd owns 1.59M shares or 0.25% of their US portfolio.

Insider Transactions: Since July 29, 2016, the stock had 3 insider purchases, and 0 sales for $957,430 net activity. COPELAND JAMES E JR bought $496,750 worth of ConocoPhillips (NYSE:COP) on Monday, August 1. Another trade for 5,000 shares valued at $202,500 was made by DeSanctis Ellen on Thursday, August 11. Murti Arjun N had bought 6,500 shares worth $258,180 on Friday, July 29.

ConocoPhillips is an independent exploration and production company. The company has a market cap of $56.50 billion. The Firm explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG). It currently has negative earnings. The Firm operates through six operating divisions, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International.

COP Company Profile

ConocoPhillips (ConocoPhillips), incorporated on November 16, 2001, is an independent exploration and production company. The Firm explores for, produces, transports and markets crude oil, bitumen, natural gas and liquefied natural gas (LNG) and natural gas liquids on a worldwide basis. The Firm operates through six operating divisions, which are primarily defined by geographic region: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East, and Other International. The Company’s continuing activities are producing in the United States, Norway, the United Kingdom, Canada, Australia, Timor-Leste, Indonesia, China, Malaysia and Qatar. The Company’s portfolio includes North American unconventional assets and oil sands assets in Canada; assets in North America, Europe, Asia and Australia; several international developments, and an inventory of global conventional and unconventional exploration prospects.

More notable recent ConocoPhillips (NYSE:COP) news were published by: Seekingalpha.com which released: “ConocoPhillips Can Drop To $40 (And Even Lower) If This Happens” on November 28, 2016, also Bloomberg.com with their article: “ConocoPhillips Was Right to Split” published on November 14, 2016, Cnbc.com published: “Donald Trump recognizes the energy renaissance, ConocoPhillips CEO says” on November 10, 2016. More interesting news about ConocoPhillips (NYSE:COP) were released by: Investorplace.com and their article: “3 Stocks to Watch on Monday: ConocoPhillips (COP), Time Inc (TIME) and Domino …” published on November 28, 2016 as well as Investorplace.com‘s news article titled: “Embrace the Breakout in ConocoPhillips (COP) Stock” with publication date: November 22, 2016.

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