Today, the VP & Controller of Conocophillips (NYSE: COP), Glenda Mae Schwarz, sold shares of COP for $439.8K.
In addition to Glenda Mae Schwarz, 6 other COP executives reported Sell trades in the last month. Following Glenda Mae Schwarz’s last COP Sell transaction on May 08, 2014, the stock climbed by 1.0%.
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Based on Conocophillips’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $8.76 billion and quarterly net profit of $888 million. In comparison, last year the company earned revenue of $7.47 billion and had a net profit of $586 million. Currently, Conocophillips has an average volume of 7.22M.
Seven different firms, including Merrill Lynch and Credit Suisse, currently also have a Sell rating on the stock. Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $69.29, reflecting a -3.6% downside.
The insider sentiment on Conocophillips has been negative according to 25 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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ConocoPhillips engages in the exploration, production, transportation and marketing of crude oil, bitumen, natural gas, natural gas liquids and liquefied natural gas on a worldwide basis. It operates through the following geographical segments: Alaska; Lower 48; Canada; Europe and North Africa; Asia Pacific and Middle East; Other International; and Corporate and Other. The Alaska segment primarily explores for, produces, transports and markets crude oil, natural gas and natural gas liquids. The Lower 48 segment is consist of operations in the U.S. Lower 48 states and the Gulf od Mexico. The Canada segment is comprised of oil sands development in the Athabasca Region of northeastern Alberta and a liquids-rich unconventional play in western Canada. The Europe and North Africa segment is consist of operations and exploration activities in Norway, the United Kingdom and Libya. The Asia Pacific and Middle East segment has explorations and product operations in China, Indonesia, Malaysia and Australia; production operations in Qatar and Timor-Leste; and exploration activities in Brunei. The Other International segment handles exploration activities in Columbia and Chile. The company was founded on August 30, 2002 and is headquartered in Houston, TX. The Corporate and Other segment is comprised of interest expense, premiums incurred on the early retirement of debt, corporate overhead, certain technology activities, as well as licensing revenues received.
