Finance

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. Patters in insider activity can help analysts formulate an outlook for a stock. In the case of COP, the data has a lot to say about how the stock might perform going forward.

Institutions own 69.92% of ConocoPhillips (COP)’s shares. The total value of these holdings, in millions, is $48,189. Among active positions in the latest quarter, 448 holders increased their positions by a total of 31.19 million shares, 746 holders decreased the positions by a total of 33.99 million shares, and 171 holders held their positions. This works out to a net decrease in ownership of 2.79 million shares, and suggests that institutions are feeling bearish about the stock.

Among new and sold out positions, 84 holders initiated new positions by a total of 4.56 million shares and 78 holders exited their positions by a total of 4.52 million shares. This nets out to an increase of 38456 shares and is a bullish sign for COP.

In the last three months, insiders executed a total of 1 trades. 1 of these were buys. Insider ownership increased by a total of 2000 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: insiders executed 1 buys and 24 sells, and ownership decreased by a net of 387997 shares.



Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. ConocoPhillips (NYSE:COP)’s short interest is 22.96 million shares, or % of the float. This represents a decrease of -1% 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.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for COP. 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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