This Is What Whales Are Betting On ConocoPhillips
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on ConocoPhillips (NYSE:COP), with 80% of recent trades being bearish. The targeted price range for ConocoPhillips over the last 3 months is $105.0 to $125.0. The current price of COP is $115.58, up 0.97%. Analysts from Morgan Stanley, Raymond James, Wells Fargo, Truist Securities, and Citigroup have given positive ratings with price targets ranging from $124 to $151.
August 08, 2023 | 7:45 pm
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A significant investor has taken a bearish stance on ConocoPhillips. Analysts have given positive ratings with price targets ranging from $124 to $151.
The bearish stance taken by a significant investor could potentially drive the stock price down in the short term. However, positive ratings and high price targets given by analysts could counteract this effect, leading to a neutral short term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100