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Why ConocoPhillips Stock Is Powering Down Today


Starting the week off on a bullish note, both the S 500 and Dow Jones Industrial Average are trending higher today. The same can't be said for shares of upstream energy leader (NYSE: COP). While there's no direct news from -- or about -- the company that speaks to the stock's decline today, investors are simply responding to tumbling energy prices.

As of 2:56 p.m. ET on Monday, shares of ConocoPhillips are down 3%.

Image source: Getty Images.

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Source Fool.com

ConocoPhillips Stock

€81.39
-1.080%
We can see a decrease in the price for ConocoPhillips. Compared to yesterday it has lost -€0.890 (-1.080%).
With 62 Buy predictions and not a single Sell prediction ConocoPhillips is an absolute favorite of our community.
As a result the target price of 101 € shows a positive potential of 24.09% compared to the current price of 81.39 € for ConocoPhillips.
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