Engineers Gate Manager Lp buys $8,180,382 stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Engineers Gate Manager Lp scooped up 72,825 additional shares in ConocoPhillips during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 9, 2016. The investment management firm now holds a total of 190,153 shares of ConocoPhillips which is valued at $8,180,382.ConocoPhillips makes up approximately 0.65% of Engineers Gate Manager Lp’s portfolio.

Other Hedge Funds, Including , Cowen Prime Services sold out all of its stake in COP during the most recent quarter. The investment firm sold 700 shares of COP which is valued $30,114.State Board Of Administration Of Florida Retirement System reduced its stake in COP by selling 29,560 shares or 1.92% in the most recent quarter. The Hedge Fund company now holds 1,509,668 shares of COP which is valued at $64,553,404. ConocoPhillips makes up approx 0.25% of State Board Of Administration Of Florida Retirement System’s portfolio.Dt Investment Partners boosted its stake in COP in the latest quarter, The investment management firm added 5,284 additional shares and now holds a total of 23,912 shares of ConocoPhillips which is valued at $1,022,477. ConocoPhillips makes up approx 0.29% of Dt Investment Partners’s portfolio.Westbourne Investment Advisors boosted its stake in COP in the latest quarter, The investment management firm added 7,235 additional shares and now holds a total of 49,139 shares of ConocoPhillips which is valued at $2,348,353. ConocoPhillips makes up approx 2.25% of Westbourne Investment Advisors’s portfolio.

ConocoPhillips closed down -0.71 points or -1.62% at $43.02 with 62,03,317 shares getting traded on Friday. Post opening the session at $43.37, the shares hit an intraday low of $42.84 and an intraday high of $43.92 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, ConocoPhillips reported $-0.95 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $-1.04.Analysts expectations of $ 4960.60.During the same quarter in the previous year, the company posted $-0.18 EPS.

Many Wall Street Analysts have commented on ConocoPhillips. Company shares were Reiterated by UBS on Apr 29, 2016 to “Neutral”, Firm has raised the Price Target to $ 48 from a previous price target of $40 .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 .

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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