Tweedy Browne Co Lowers stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Tweedy Browne Co reduced its stake in ConocoPhillips by 0.62% during the most recent quarter end. The investment management company now holds a total of 2,702,213 shares of ConocoPhillips which is valued at $116.2 Million after selling 16,757 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on May 12, 2016.ConocoPhillips makes up approximately 3.16% of Tweedy Browne Co’s portfolio.

Other Hedge Funds, Including , Cypress Capital Management reduced its stake in COP by selling 100 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 14,019 shares of COP which is valued at $603,097. ConocoPhillips makes up approx 0.20% of Cypress Capital Management’s portfolio.First Heartland Consultants reduced its stake in COP by selling 2,116 shares or 29.69% in the most recent quarter. The Hedge Fund company now holds 5,012 shares of COP which is valued at $215,616. ConocoPhillips makes up approx 0.08% of First Heartland Consultants’s portfolio.Waldron Lp boosted its stake in COP in the latest quarter, The investment management firm added 55 additional shares and now holds a total of 6,586 shares of ConocoPhillips which is valued at $283,330. ConocoPhillips makes up approx 0.12% of Waldron Lp’s portfolio.

ConocoPhillips opened for trading at $43.52 and hit $43.99 on the upside on Friday, eventually ending the session at $43.58, with a gain of 0.51% or 0.22 points. The heightened volatility saw the trading volume jump to 63,97,736 shares. Company has a market cap of $53,969 M.

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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