ConocoPhillips stock falls Wednesday, underperforms market

Shares of ConocoPhillips
COP,
-0.38%
slid 0.38% to $52.38 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index
SPX,
+0.15%
rising 0.15% to 4,079.95 and the Dow Jones Industrial Average
DJIA,
+0.05%
rising 0.05% to 33,446.26. ConocoPhillips closed $8.76 short of its 52-week high ($61.14), which the company achieved on March 11th.

The stock underperformed when compared to some of its competitors Wednesday, as Exxon Mobil Corp.
XOM,
+0.44%
rose 0.44% to $56.59, Chevron Corp.
CVX,
+0.59%
rose 0.59% to $104.19, and PetroChina Co. Ltd. ADR
PTR,

remained unchanged. Trading volume (12.4 M) eclipsed its 50-day average volume of 10.3 M.