$COP.US Ranked Positive On Dec 23rd, 2024

Smart Insider $COP.US Ranked Positive On Dec 23rd, 2024

$COP.US Ranked Positive On Dec 23rd, 2024

ConocoPhillips (COP US, +1, 23-Dec-24)

Arjun Murti (Director since 2015) purchased $240,000 worth of stock on December 20th at $95.87, increasing his holding by 15%. While the size aligns with his prior purchases, seeing him buying now is interesting. This is his first purchase since August 2016 and the highest price he has ever paid for shares. His purchases in 2015-2016 were bought in a price range between $39-50. 

Moreover, on December 17th, R.A. Walker (Director since 2020) purchased $1 million worth of stock at $97.8, increasing his holding by 30%. This is his third purchase in this stock, following similar size purchases in August 2021 at $55 and February 2023 at $103. 

He has been a rare buyer in previous roles, including Chair and CEO of Anadarko Petroleum Corp and Director of BOK Financial Corp, CenterPoint Energy Corp, Enable Midstream Partners, LP, and Health Care Services Corp. Seeing this confident purchase from him and Murti’s first purchase in 8 years is interesting. 

 We are ranking stock +1 (strongly positive).

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