ConocoPhillips Receives Hold Rating and Insider Shares Sold
A newly released report initiated coverage of ConocoPhillips with a Hold rating and a $148.00 price target. The company reported quarterly revenue of $19.16 billion and net profit of $3.93 billion for the period ended June 30, up from $14 billion revenue and $1.97 billion profit a year earlier. Insider activity shows negative sentiment, with SVP Andrew D. Lundquist selling 9,487 shares for $1,282,168.05.