Fox Run Management L.l.c. adds ConocoPhillips (COP) to its portfolio

ConocoPhillips (COP) : Fox Run Management L.l.c. added new position in ConocoPhillips during the most recent quarter end. The investment management firm now holds 19,300 shares of ConocoPhillips which is valued at $919,066 , the company said in a statement filed on Apr 18, 2016 with the SEC.ConocoPhillips makes up approximately 0.59% of Fox Run Management L.l.c.’s portfolio.

ConocoPhillips opened for trading at $46.34 and hit $47.74 on the upside on Friday, eventually ending the session at $47.62, with a gain of 3.01% or 1.39 points. The heightened volatility saw the trading volume jump to 93,99,869 shares. Company has a market cap of $58,868 M.

Other Hedge Funds, Including , Bennicas Associates reduced its stake in COP by selling 800 shares or 4.16% in the most recent quarter. The Hedge Fund company now holds 18,420 shares of COP which is valued at $877,160. ConocoPhillips makes up approx 0.81% of Bennicas Associates’s portfolio.Macnealy Hoover Investment Management Inc boosted its stake in COP in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 29,766 shares of ConocoPhillips which is valued at $1,300,774. ConocoPhillips makes up approx 0.25% of Macnealy Hoover Investment Management Inc’s portfolio.Capital City Trust Cofl reduced its stake in COP by selling 16,489 shares or 30.68% in the most recent quarter. The Hedge Fund company now holds 37,259 shares of COP which is valued at $1,628,218. ConocoPhillips makes up approx 0.66% of Capital City Trust Cofl’s portfolio.Bkd Wealth Advisors boosted its stake in COP in the latest quarter, The investment management firm added 5,376 additional shares and now holds a total of 48,715 shares of ConocoPhillips which is valued at $2,128,846. ConocoPhillips makes up approx 0.34% of Bkd Wealth Advisors’s portfolio.Lau Associates reduced its stake in COP by selling 866 shares or 1.16% in the most recent quarter. The Hedge Fund company now holds 73,577 shares of COP which is valued at $3,215,315. ConocoPhillips makes up approx 3.27% of Lau Associates’s portfolio.

On the company’s financial health, ConocoPhillips reported $-0.90 EPS for the quarter, missing the analyst consensus estimate by $ -0.26 based on the information available during the earnings call on Feb 4, 2016. Analyst had a consensus of $-0.64.Analysts expectations of $ 7270.46.During the same quarter in the previous year, the company posted $0.60 EPS.

Many Wall Street Analysts have commented on ConocoPhillips. ConocoPhillips was Downgraded by Jefferies to ” Underperform” on Apr 21, 2016. Company shares were Reiterated by Deutsche Bank on Mar 29, 2016 to “Buy”, Firm has raised the Price Target to $ 62 from a previous price target of $55 .Shares were Reiterated by UBS on Feb 5, 2016 to “Neutral” and Lowered the Price Target to $ 38 from a previous price target of $42 .

ConocoPhillips (ConocoPhillips) is an independent exploration and production company. The Company explores for produces transports and markets crude oil bitumen natural gas liquefied natural gas (LNG) and natural gas liquids. The Company operates through six operating segments which are primarily defined by geographic region: Alaska Lower 48 Canada Europe Asia Pacific and Middle East and Other International. The Company’s continuing operations are producing in the United States Norway the United Kingdom Canada Australia Timor-Leste Indonesia China Malaysia Qatar Libya and Russia. The Company has major ownership interests in two of North America’s oil fields located on Alaska’s North Slope: Prudhoe Bay and Kuparuk.

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