Everence Capital Management Inc Lowers stake in ConocoPhillips (COP)

ConocoPhillips (COP) : Everence Capital Management Inc reduced its stake in ConocoPhillips by 14.95% during the most recent quarter end. The investment management company now holds a total of 47,827 shares of ConocoPhillips which is valued at $1,927,906 after selling 8,410 shares in ConocoPhillips , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.ConocoPhillips makes up approximately 0.57% of Everence Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Boston Private Wealth reduced its stake in COP by selling 32,176 shares or 45.29% in the most recent quarter. The Hedge Fund company now holds 38,869 shares of COP which is valued at $1,566,809. ConocoPhillips makes up approx 0.06% of Boston Private Wealth’s portfolio.Agran Libbie reduced its stake in COP by selling 3,806 shares or 4.0% in the most recent quarter. The Hedge Fund company now holds 91,450 shares of COP which is valued at $3,664,402. ConocoPhillips makes up approx 0.89% of Agran Libbie’s portfolio.Greylin Investment Mangement Inc reduced its stake in COP by selling 1,775 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 158,615 shares of COP which is valued at $6,355,703. ConocoPhillips makes up approx 1.41% of Greylin Investment Mangement Inc’s portfolio.Sigma Planning Corp reduced its stake in COP by selling 4,849 shares or 10.46% in the most recent quarter. The Hedge Fund company now holds 41,526 shares of COP which is valued at $1,692,600. ConocoPhillips makes up approx 0.22% of Sigma Planning Corp’s portfolio.Duncker Streett Co Inc boosted its stake in COP in the latest quarter, The investment management firm added 301 additional shares and now holds a total of 10,405 shares of ConocoPhillips which is valued at $424,108. ConocoPhillips makes up approx 0.15% of Duncker Streett Co Inc’s portfolio.

ConocoPhillips closed down -0.21 points or -0.52% at $40.1 with 69,14,852 shares getting traded on Thursday. Post opening the session at $40.17, the shares hit an intraday low of $39.66 and an intraday high of $40.46 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, ConocoPhillips reported $-0.79 EPS for the quarter, missing the analyst consensus estimate by $ -0.18 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $-0.61. The company had revenue of $5575.00 million for the quarter, compared to analysts expectations of $6734.50 million. The company’s revenue was down -35.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.07 EPS.

Many Wall Street Analysts have commented on ConocoPhillips. JP Morgan Upgraded ConocoPhillips on Jul 11, 2016 to ” Neutral”, Price Target of the shares are set at $44.

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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