ConocoPhillips (COP) share price observed fluctuation in the market with stock rising some days and falling on others. Several financial institutions have adjusted their
shareholdings in COP including Nwam LLC and Intech Investment Management LLC.
Revenue estimates for the second quarter of 2024 have been decreased by analysts. The $22.5 billion
merger with Marathon Oil exerted its own effects, triggering both FTC request and volatility in the share price. An
arbitration claim against Venezuela and a challenge to Biden's Arctic drilling ban are significant events. Critically, the stock's
price target was lowered to $132.00. Despite, a
decline of 12.6% in three months, COP continues considered as a top value stock for the long-term. Institution of
disposal of shares by insiders might indicate bearish signals. The acquisition of Marathon Oil paves the way for ConocoPhillips to become third-largest oil producer in the U.S. lower 48 states. The results from the
Q1 2024 earnings call show beats expectations due to
higher oil volumes.
Conocophillips COP News Analytics from Sun, 07 Jan 2024 22:24:50 GMT to Sun, 21 Jul 2024 18:41:03 GMT -
Rating 2
- Innovation 4
- Information 8
- Rumor -2
